IRIS Accounts Production v25.1.3.33 12536010 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125360102024-03-31125360102025-03-31125360102024-04-012025-03-31125360102023-03-31125360102023-04-012024-03-31125360102024-03-3112536010ns15:EnglandWales2024-04-012025-03-3112536010ns14:PoundSterling2024-04-012025-03-3112536010ns10:Director12024-04-012025-03-3112536010ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3112536010ns10:SmallEntities2024-04-012025-03-3112536010ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3112536010ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3112536010ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3112536010ns10:FullAccounts2024-04-012025-03-311253601012024-04-012025-03-3112536010ns10:OrdinaryShareClass12024-04-012025-03-3112536010ns10:Director22024-04-012025-03-3112536010ns10:RegisteredOffice2024-04-012025-03-3112536010ns5:CurrentFinancialInstruments2025-03-3112536010ns5:CurrentFinancialInstruments2024-03-3112536010ns5:Non-currentFinancialInstruments2025-03-3112536010ns5:Non-currentFinancialInstruments2024-03-3112536010ns5:ShareCapital2025-03-3112536010ns5:ShareCapital2024-03-3112536010ns5:RetainedEarningsAccumulatedLosses2025-03-3112536010ns5:RetainedEarningsAccumulatedLosses2024-03-3112536010ns5:NetGoodwill2024-04-012025-03-3112536010ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3112536010ns5:PlantMachinery2024-04-012025-03-3112536010ns5:FurnitureFittings2024-04-012025-03-3112536010ns5:MotorVehicles2024-04-012025-03-3112536010ns5:ComputerEquipment2024-04-012025-03-3112536010ns5:NetGoodwill2024-03-3112536010ns5:NetGoodwill2025-03-3112536010ns5:NetGoodwill2024-03-3112536010ns5:PlantMachinery2024-03-3112536010ns5:FurnitureFittings2024-03-3112536010ns5:MotorVehicles2024-03-3112536010ns5:ComputerEquipment2024-03-3112536010ns5:PlantMachinery2025-03-3112536010ns5:FurnitureFittings2025-03-3112536010ns5:MotorVehicles2025-03-3112536010ns5:ComputerEquipment2025-03-3112536010ns5:PlantMachinery2024-03-3112536010ns5:FurnitureFittings2024-03-3112536010ns5:MotorVehicles2024-03-3112536010ns5:ComputerEquipment2024-03-3112536010ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3112536010ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3112536010ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3112536010ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3112536010ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3112536010ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3112536010ns5:HirePurchaseContracts2025-03-3112536010ns5:HirePurchaseContracts2024-03-3112536010ns5:WithinOneYear2025-03-3112536010ns5:WithinOneYear2024-03-3112536010ns5:BetweenOneFiveYears2025-03-3112536010ns5:BetweenOneFiveYears2024-03-3112536010ns5:AllPeriods2025-03-3112536010ns5:AllPeriods2024-03-3112536010ns5:DeferredTaxation2024-03-3112536010ns5:DeferredTaxation2024-04-012025-03-3112536010ns5:DeferredTaxation2025-03-3112536010ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 12536010 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Property Security Group Limited

Property Security Group Limited (Registered number: 12536010)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Security Group Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C Blunden
A M Hicks





REGISTERED OFFICE: 25 Basingfields Close
Old Basing
Basingstoke
Hampshire
RG24 7BG





REGISTERED NUMBER: 12536010 (England and Wales)





ACCOUNTANTS: Randall Accountancy Limited
22 The Crofts
Basingstoke
Hampshire
RG22 4RF

Property Security Group Limited (Registered number: 12536010)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 3,000
Tangible assets 5 122,360 115,669
123,360 118,669

CURRENT ASSETS
Debtors 6 159,977 143,870
Cash at bank 46,832 78,415
206,809 222,285
CREDITORS
Amounts falling due within one year 7 91,122 126,403
NET CURRENT ASSETS 115,687 95,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,047

214,551

CREDITORS
Amounts falling due after more than
one year

8

(12,075

)

-

PROVISIONS FOR LIABILITIES 10 (17,734 ) (15,349 )
NET ASSETS 209,238 199,202

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 209,138 199,102
SHAREHOLDERS' FUNDS 209,238 199,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Property Security Group Limited (Registered number: 12536010)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





A M Hicks - Director


Property Security Group Limited (Registered number: 12536010)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Property Security Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Property Security Group Limited (Registered number: 12536010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024 7,000
Amortisation for year 2,000
At 31 March 2025 9,000
NET BOOK VALUE
At 31 March 2025 1,000
At 31 March 2024 3,000

Property Security Group Limited (Registered number: 12536010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 130,820 1,248 76,786 1,085 209,939
Additions 42,010 - 44,693 - 86,703
Disposals - - (59,324 ) - (59,324 )
At 31 March 2025 172,830 1,248 62,155 1,085 237,318
DEPRECIATION
At 1 April 2024 62,403 824 30,311 732 94,270
Charge for year 27,240 412 5,980 264 33,896
Eliminated on disposal - - (13,208 ) - (13,208 )
At 31 March 2025 89,643 1,236 23,083 996 114,958
NET BOOK VALUE
At 31 March 2025 83,187 12 39,072 89 122,360
At 31 March 2024 68,417 424 46,475 353 115,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 154,311 138,144
Other debtors 5,666 5,726
159,977 143,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9)
6,900

-
Trade creditors 40,737 17,061
Taxation and social security 17,202 23,043
Other creditors 26,283 86,299
91,122 126,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 9)
12,075

-

Property Security Group Limited (Registered number: 12536010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 6,900 -
Between one and five years 12,075 -
18,975 -

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 8,250 9,000
Between one and five years - 8,250
8,250 17,250

10. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 17,734 15,349

Deferred
tax
£   
Balance at 1 April 2024 15,349
Charge to Statement of Income and Retained Earnings
during year

2,385
Balance at 31 March 2025 17,734

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100