0 01/04/2024 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.1 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI700297 2024-04-01 2024-08-31 NI700297 2024-08-31 NI700297 2024-03-31 NI700297 core:FurnitureFittingsToolsEquipment 2024-04-01 2024-08-31 NI700297 bus:OrdinaryShareClass1 2024-04-01 2024-08-31 NI700297 bus:Director1 2024-04-01 2024-08-31 NI700297 core:WithinOneYear 2024-08-31 NI700297 core:ShareCapital 2024-08-31 NI700297 core:RetainedEarningsAccumulatedLosses 2024-08-31 NI700297 bus:OrdinaryShareClass1 core:ShareCapital 2024-08-31 NI700297 bus:SmallEntities 2024-04-01 2024-08-31 NI700297 bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-08-31 NI700297 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-08-31 NI700297 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-08-31 NI700297 bus:AbridgedAccounts 2024-04-01 2024-08-31
Company registration number: NI700297
VSF Security Limited
Unaudited filleted abridged financial statements
for the period ended
31 August 2024
VSF Security Limited
Abridged statement of financial position
31 August 2024
31/08/24
Note £ £
Fixed assets
Tangible assets 5 2,196
_______
2,196
Current assets
Cash at bank and in hand 12,919
Creditors: amounts falling due
within one year ( 10,062)
_______
Net current assets 2,857
_______
Total assets less current liabilities 5,053
_______
Net assets 5,053
_______
Capital and reserves
Called up share capital 6 100
Profit and loss account 4,953
_______
Shareholder funds 5,053
_______
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current period ending 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
Mr V M O'Brien
Director
Company registration number: NI700297
VSF Security Limited
Notes to the financial statements
Period ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 14 Prehen Road, 14 Prehen Road, Londonderry, United Kingdom, BT47 2NS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention.The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.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. Significant judgements:There are no critical judgements in applying the entity's accounting policies. Key sources of estimation uncertainty:There are no critical accounting estimates and assumptions.
Turnover
Turnover is measured at fair value of the consideration received or receivable from the provision of services, net of discounts.Revenue from the provision of services is recognised in the income statement on the delivery of those services based on the proportion of total delivered at the balance sheet date; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
The company only enters into basic financial instruments transactions that result in recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank facilities, are initially valued at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.
4. Staff costs
The average number of persons employed by the company during the period amounted to Nil.
5. Tangible assets
£
Cost
At 1 April 2024 -
Additions 2,584
_______
At 31 August 2024 2,584
_______
Depreciation
At 1 April 2024 -
Charge for the year 388
_______
At 31 August 2024 388
_______
Carrying amount
At 31 August 2024 2,196
_______
6. Called up share capital
Issued, called up and fully paid
31/08/24
No £
Ordinary shares of £ 1.00 each 100 100
_______ _______