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Company No: 03313226 (England and Wales)

ABBEY SECURITY SERVICES LTD

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

ABBEY SECURITY SERVICES LTD

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

ABBEY SECURITY SERVICES LTD

COMPANY INFORMATION

For the financial year ended 30 April 2025
ABBEY SECURITY SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025
DIRECTOR Ian Tristan Whitaker-Bethel
REGISTERED OFFICE Porters House 32-33 Eastern Way
Bury St. Edmunds
Suffolk
IP32 7AB
United Kingdom
COMPANY NUMBER 03313226 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
ABBEY SECURITY SERVICES LTD

BALANCE SHEET

As at 30 April 2025
ABBEY SECURITY SERVICES LTD

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 872,812 862,483
Investments 80,314 80,314
953,126 942,797
Current assets
Debtors
- due within one year 4 333,359 354,026
- due after more than one year 4 13,896 2,702
Cash at bank and in hand 133,262 183,610
480,517 540,338
Creditors: amounts falling due within one year 5 ( 669,497) ( 666,187)
Net current liabilities (188,980) (125,849)
Total assets less current liabilities 764,146 816,948
Creditors: amounts falling due after more than one year 6 ( 147,220) ( 160,056)
Net assets 616,926 656,892
Capital and reserves
Called-up share capital 30,000 30,000
Revaluation reserve 270,699 270,699
Profit and loss account 316,227 356,193
Total shareholder's funds 616,926 656,892

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Abbey Security Services Ltd (registered number: 03313226) were approved and authorised for issue by the Director on 23 June 2025. They were signed on its behalf by:

Ian Tristan Whitaker-Bethel
Director
ABBEY SECURITY SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
ABBEY SECURITY SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Abbey Security Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Porters House 32-33 Eastern Way, Bury St. Edmunds, Suffolk, IP32 7AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 68 77

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 May 2024 555,000 487,638 182,907 14,367 1,239,912
Additions 0 140,477 1,123 834 142,434
Disposals 0 ( 133,418) 0 0 ( 133,418)
At 30 April 2025 555,000 494,697 184,030 15,201 1,248,928
Accumulated depreciation
At 01 May 2024 0 228,763 136,404 12,262 377,429
Charge for the financial year 0 88,377 3,065 1,227 92,669
Disposals 0 ( 93,982) 0 0 ( 93,982)
At 30 April 2025 0 223,158 139,469 13,489 376,116
Net book value
At 30 April 2025 555,000 271,539 44,561 1,712 872,812
At 30 April 2024 555,000 258,875 46,503 2,105 862,483

4. Debtors

2025 2024
£ £
Debtors: amounts falling due within one year
Trade debtors 247,947 277,133
Short term loans to Group companies 0 15,058
Corporation tax 0 5,495
Other debtors 85,412 56,340
333,359 354,026
Debtors: amounts falling due after more than one year
Deferred tax asset 13,896 2,702

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 21,295 20,204
Trade creditors 111,263 64,570
Taxation and social security 219,052 248,241
Obligations under finance leases and hire purchase contracts 110,547 91,242
Other creditors 207,340 241,930
669,497 666,187

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 36,091 58,737
Obligations under finance leases and hire purchase contracts 111,129 101,319
147,220 160,056

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.