5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,577 1,170 82 1,252 325 407 xbrli:pure xbrli:shares iso4217:GBP 04979712 2023-10-01 2024-09-30 04979712 2024-09-30 04979712 2023-09-30 04979712 2022-10-01 2023-09-30 04979712 2023-09-30 04979712 2022-09-30 04979712 core:PlantMachinery 2023-10-01 2024-09-30 04979712 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 04979712 bus:Director2 2023-10-01 2024-09-30 04979712 bus:Director3 2023-10-01 2024-09-30 04979712 bus:Director4 2023-10-01 2024-09-30 04979712 core:PlantMachinery 2023-09-30 04979712 core:PlantMachinery 2024-09-30 04979712 core:WithinOneYear 2024-09-30 04979712 core:WithinOneYear 2023-09-30 04979712 core:AfterOneYear 2024-09-30 04979712 core:AfterOneYear 2023-09-30 04979712 core:ShareCapital 2024-09-30 04979712 core:ShareCapital 2023-09-30 04979712 core:RetainedEarningsAccumulatedLosses 2024-09-30 04979712 core:RetainedEarningsAccumulatedLosses 2023-09-30 04979712 core:PlantMachinery 2023-09-30 04979712 bus:SmallEntities 2023-10-01 2024-09-30 04979712 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04979712 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04979712 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04979712 bus:FullAccounts 2023-10-01 2024-09-30 04979712 core:ImmediateParent 2023-10-01 2024-09-30 04979712 core:ImmediateParent 2022-10-01 2023-09-30 04979712 core:OtherGroupMember1 2023-10-01 2024-09-30 04979712 core:OtherGroupMember1 2022-10-01 2023-09-30 04979712 core:ImmediateParent 2024-09-30 04979712 core:ImmediateParent 2023-09-30 04979712 core:OtherGroupMember1 2024-09-30 04979712 core:OtherGroupMember1 2023-09-30
COMPANY REGISTRATION NUMBER: 04979712

S A Secure Limited

Filleted Unaudited Financial Statements

30 September 2024

S A Secure Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of S A Secure Limited

Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S A Secure Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of S A Secure Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of S A Secure Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S A Secure Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that S A Secure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S A Secure Limited. You consider that S A Secure Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of S A Secure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PAUL PHILLIS & CO LIMITED Chartered accountants
11a Corelli Street Newport South Wales NP19 7AR
20 June 2025

S A Secure Limited

Statement of Financial Position

30 September 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 325 | 407

Current assets

Stocks | 5,550 |  | 26,240
Debtors | 6 | 376,849 |  | 311,243
Cash at bank and in hand | 19,926 |  | 18,784
| --------- |  | ---------
| 402,325 |  | 356,267

Creditors: amounts falling due within one year | 7 | 288,843 |  | 226,842
| --------- |  | ---------
Net current assets |  | 113,482 | 129,425
|  | --------- | ---------
Total assets less current liabilities |  | 113,807 | 129,832

Creditors: amounts falling due after more than one year | 8 |  | 13,334 | 33,334

Provisions

Taxation including deferred tax |  | 71 | 92
|  | --------- | ---------
Net assets |  | 100,402 | 96,406
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 40 | 40
Profit and loss account |  | 100,362 | 96,366
|  | --------- | --------
Shareholder funds |  | 100,402 | 96,406
|  | --------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

S A Secure Limited

Statement of Financial Position (continued)

30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:

Mr P.M. Rowe | Mr I.M. Hoare
Director | Director

Mr P. Montgomery |
Director |

Company registration number: 04979712

S A Secure Limited

Notes to the Financial Statements

Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11a Corelli Street, Newport, NP19 7AR, South Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include: Depreciation The company exercises judgement to determine useful lives and residual values of tangible and intangible assets. The assets are depreciated down to their residual value over their estimated lives.
Revenue recognition
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contacts where turnover is recognised when the company obtains the right to consideration.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets

| Plant and machinery | Total
| £ | £
Cost |  |
At 1 October 2023 and 30 September 2024 | 1,577 | 1,577
| ------- | -------
Depreciation |  |
At 1 October 2023 | 1,170 | 1,170
Charge for the year | 82 | 82
| ------- | -------
At 30 September 2024 | 1,252 | 1,252
| ------- | -------
Carrying amount |  |
At 30 September 2024 | 325 | 325
| ------- | -------
At 30 September 2023 | 407 | 407
| ------- | -------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 125,815 | 55,871
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 250,895 | 255,233
Other debtors | 139 | 139
| --------- | ---------
| 376,849 | 311,243
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 40,142 | 20,000
Trade creditors | 43,420 | 93,237
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 110,350 | 60,350
Corporation tax | 27,817 | 8,429
Social security and other taxes | 37,457 | 23,637
Other creditors | 29,657 | 21,189
| --------- | ---------
| 288,843 | 226,842
| --------- | ---------

The bank loan is secured by a debenture dated 26th March 2008 over all the assets of the company.
8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 13,334 | 33,334
| -------- | --------

The bank loan is secured by a debenture dated 26th March 2008 over all the assets of the company.
9. Related party transactions
During the year the company entered into the following transactions with related parties:

| Transaction value | Balance owed by/(owed to)
| 2024 | 2023 | 2024 | 2023
| £ | £ | £ | £
PCF Holdings Ltd | ( 50,000) | 31,667 | ( 110,350) | ( 60,350)
PCF Print Management Ltd | ( 4,338) | 22,388 | 250,895 | 255,233
| -------- | -------- | --------- | ---------

The amounts stated above include dividends totalling £80,000 (2023 - £28,334) paid to PCF Holdings Ltd during the course of the year.
10. Controlling party
The company is controlled by its parent company, PCF Holdings Limited . There is no ultimate controlling party of PCF Holdings Limited.