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Registration number: 02513542

United Guarding Services Ltd

Annual Report and Financial Statements

for the Year Ended 31 December 2024

 

United Guarding Services Ltd

Contents

Company Information

1

Directors' Report

2

Statement of Directors' Responsibilities

3

Independent Auditor's Report

4 to 6

Profit and Loss Account

7

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11 to 17

 

United Guarding Services Ltd

Company Information

Directors

M Gomez

M D Collyer

Registered office

590 Green Lanes
Palmers Green
London
N13 5RY

Auditors

Thomas Alexander & Co Ltd 590 Green Lanes
Palmers Green
London
N13 5RY

 

United Guarding Services Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

M Gomez

M D Collyer

Principal activity

The principal activity of the company is that of static guarding and mobile patrol services

Employment of disabled persons

Applications for employment by disabled persons are always fully considered, taking into account the abilities of the applicants concerned. It is the policy of the Company that the training, career development and promotion of disabled persons should, as is reasonably possible be identical to that of other employees. If the existing employee becomes disabled while employed by the Company every effort is made to ensure that they continue employment with the Company and that appropriate training is arranged.

Employee involvement

The Company attaches importance to good communications and relations with employees. Meeting are actively held to fulfil these objectives on a frequent basis. All employees are kept up to date with developments in the Company and financial factors expected to affect the Company performance on a quarterly basis.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

The auditors Thomas Alexander & Co Ltd are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 16 May 2025 and signed on its behalf by:

.........................................
M Gomez
Director

 

United Guarding Services Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

United Guarding Services Ltd

Independent Auditor's Report to the Members of United Guarding Services Ltd

Opinion

We have audited the financial statements of United Guarding Services Ltd (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

 

United Guarding Services Ltd

Independent Auditor's Report to the Members of United Guarding Services Ltd

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

United Guarding Services Ltd

Independent Auditor's Report to the Members of United Guarding Services Ltd

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

• We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation

• We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

• We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

• We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

• Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
A Odysseos (Senior Statutory Auditor)
For and on behalf of Thomas Alexander & Co Ltd, Statutory Auditor
 590 Green Lanes
Palmers Green
London
N13 5RY

16 May 2025

 

United Guarding Services Ltd

Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

12,547,780

12,649,627

Cost of sales

 

(11,013,856)

(10,901,430)

Gross profit

 

1,533,924

1,748,197

Administrative expenses

 

(1,646,776)

(1,571,727)

Operating (loss)/profit

 

(112,852)

176,470

Other interest receivable and similar income

 

139,190

125,897

Profit before tax

5

26,338

302,367

Tax on profit

 

9,597

(60,075)

Profit for the financial year

 

35,935

242,292

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

United Guarding Services Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024
£

2023
£

Profit for the year

35,935

242,292

Total comprehensive income for the year

35,935

242,292

 

United Guarding Services Ltd

(Registration number: 02513542)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

77,577

76,058

Investments

7

985,000

985,000

 

1,062,577

1,061,058

Current assets

 

Debtors

8

2,604,861

2,720,507

Cash at bank and in hand

 

715,361

595,065

 

3,320,222

3,315,572

Creditors: Amounts falling due within one year

9

(1,814,234)

(1,744,889)

Net current assets

 

1,505,988

1,570,683

Total assets less current liabilities

 

2,568,565

2,631,741

Provisions for liabilities

(15,491)

(14,602)

Net assets

 

2,553,074

2,617,139

Capital and reserves

 

Called up share capital

10

20

20

Share premium reserve

42,000

42,000

Revaluation reserve

660,000

660,000

Retained earnings

1,851,054

1,915,119

Shareholders' funds

 

2,553,074

2,617,139

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

.........................................
M Gomez
Director

 

United Guarding Services Ltd

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Share premium
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 January 2024

20

42,000

660,000

1,915,119

2,617,139

Profit for the year

-

-

-

35,935

35,935

Dividends

-

-

-

(100,000)

(100,000)

At 31 December 2024

20

42,000

660,000

1,851,054

2,553,074

Share capital
£

Share premium
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 January 2023

20

42,000

660,000

1,672,827

2,374,847

Profit for the year

-

-

-

242,292

242,292

At 31 December 2023

20

42,000

660,000

1,915,119

2,617,139

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
7 Gateway Mews
Ringway
Bounds Green
London
N11 2UT

These financial statements were authorised for issue by the Board on 16 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tas assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits
Deferred tax is measured using the tax rates and laes that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & buildings

Over the term of the lease

Fixtures, fittings & equipment

15% Reducing balance basis

Motor Vehicles

25% Reducing balance basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Auditors' remuneration

2024
£

2023
£

Audit of the financial statements

8,600

8,600


 

5

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

17,313

16,609

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

51,384

315,189

-

366,573

Additions

-

16,482

2,350

18,832

At 31 December 2024

51,384

331,671

2,350

385,405

Depreciation

At 1 January 2024

47,544

242,971

-

290,515

Charge for the year

3,420

13,305

588

17,313

At 31 December 2024

50,964

256,276

588

307,828

Carrying amount

At 31 December 2024

420

75,395

1,762

77,577

At 31 December 2023

3,840

72,218

-

76,058

Included within the net book value of land and buildings above is £420 (2023 - £3,840) in respect of long leasehold land and buildings.
 

7

Investments

2024
£

2023
£

Investments in associates

985,000

985,000

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Associates

£

Cost

At 1 January 2024

985,000

Provision

Carrying amount

At 31 December 2024

985,000

At 31 December 2023

985,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Associates

Silver Screen Limousines Limited

590 Green Lanes
London N13 5RY

Ordinary Shares

50%

50%

England

Associates

Silver Screen Limousines Limited

The principal activity of Silver Screen Limousines Limited is the supply of limousine services. Its latest financial period end is 31 July 2024. The profit for the financial period of Silver Screen Limousines Limited was £471,206 and the aggregate amount of Capital and reserves at the end of the period was £581,670.

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Debtors

Current

2024
£

2023
£

Trade debtors

1,643,928

1,779,361

Prepayments

13,141

4,273

Other debtors

947,792

936,873

 

2,604,861

2,720,507

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

235,164

276,986

Taxation and social security

831,542

760,953

Accruals and deferred income

24,111

15,800

Other creditors

723,417

691,150

1,814,234

1,744,889

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

20

20

20

20

       

11

Dividends

2024

2023

£

£

Interim dividend of £6,250.00 (2023 - £Nil) per ordinary share

100,000

-

 

 

12

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

 

United Guarding Services Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

13

Related party transactions

Summary of transactions with other related parties

During the year the company paid rent on an arms length basis of £36,000 (2023: £36,000) in respect of its trading premises to MSM Asset Management Limited, a company under common control. Included in other debtors is an amount of £135,026 (2023: £135,026) owed by MSM Asset Management Limited. Also included in other debtors is an amount of £127,265 (2023: £102,265) owed by MSK Asset Management Limited, a company under common control. Included in other debtors is an amount of £674,782 (2023: £698,000) owed by Jigsaw Living Limited, a company with common shareholders.