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Registration number: 03838659

Securitel Service Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Securitel Service Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Securitel Service Limited

Company Information

Directors

Mr J Page

Mr P Davis

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered AccountantsMaria House
35 Millers Road
Brighton
BN1 5NP

 

Securitel Service Limited

(Registration number: 03838659)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

57,658

67,728

Current assets

 

Stocks

6

20,920

29,262

Debtors

7

124,959

145,717

Cash at bank and in hand

 

76,144

112,291

 

222,023

287,270

Creditors: Amounts falling due within one year

8

(140,959)

(129,186)

Net current assets

 

81,064

158,084

Total assets less current liabilities

 

138,722

225,812

Provisions for liabilities

(14,415)

(16,932)

Net assets

 

124,307

208,880

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

124,207

208,780

Shareholders' funds

 

124,307

208,880

For the financial 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Securitel Service Limited

(Registration number: 03838659)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:



 

.........................................

Mr J Page

Director

 

Securitel Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

 

Securitel Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Computer equipment

33% on cost

Plant and machinery

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Securitel Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

Securitel Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

77,874

77,874

At 30 September 2024

77,874

77,874

Amortisation

At 1 October 2023

77,874

77,874

At 30 September 2024

77,874

77,874

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

59,043

70,859

35,789

165,691

Additions

3,296

-

-

3,296

At 30 September 2024

62,339

70,859

35,789

168,987

Depreciation

At 1 October 2023

55,204

40,570

2,189

97,963

Charge for the year

3,267

10,092

7

13,366

At 30 September 2024

58,471

50,662

2,196

111,329

Carrying amount

At 30 September 2024

3,868

20,197

33,593

57,658

At 30 September 2023

3,839

30,289

33,600

67,728

6

Stocks

2024
£

2023
£

Other inventories

20,920

29,262

 

Securitel Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

121,115

141,793

Prepayments

3,550

3,630

Other debtors

294

294

 

124,959

145,717

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

2,627

Trade creditors

 

28,633

29,812

Taxation and social security

 

88,086

81,787

Accruals and deferred income

 

4,668

4,128

Other creditors

 

19,572

10,832

 

140,959

129,186

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £2,393.00 (2023 - £1,899.00) per each Ordinary

239,293

189,876

 

 

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100