REGISTERED NUMBER: 05030024 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

1ST CLASS PROTECTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Asaf Cohen

SECRETARY:

Ms Lydia Ampastaduo

REGISTERED OFFICE:

Buckingham House

First Floor, 45 Vivian Avenue

London

NW4 3XA

REGISTERED NUMBER:

05030024 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

123,417

120,471

CURRENT ASSETS

Debtors

5

1,616,846

1,750,086

Cash at bank and in hand

730,352

481,882

2,347,198

2,231,968

CREDITORS

Amounts falling due within one year

6

(2,428,936

)

(2,148,189

)

NET CURRENT (LIABILITIES)/ASSETS

(81,738

)

83,779

TOTAL ASSETS LESS CURRENT LIABILITIES

41,679

204,250

CREDITORS

Amounts falling due after more than one year

7

(21,296

)

(42,032

)

NET ASSETS

20,383

162,218

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

19,383

161,218

SHAREHOLDERS' FUNDS

20,383

162,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

Mr Asaf Cohen - Director

1.	STATUTORY INFORMATION

1st Class Protection 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 191 (2023 - 167 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

62,341

234,056

49,382

345,779

Additions

1,416

39,049

5,141

45,606

At 31 December 2024

63,757

273,105

54,523

391,385

DEPRECIATION

At 1 January 2024

42,961

134,169

48,178

225,308

Charge for year

5,199

34,734

2,727

42,660

At 31 December 2024

48,160

168,903

50,905

267,968

NET BOOK VALUE

At 31 December 2024

15,597

104,202

3,618

123,417

At 31 December 2023

19,380

99,887

1,204

120,471

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,577,759

1,713,125

Other debtors

39,087

36,961

1,616,846

1,750,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 8)

20,933

34,933

Trade creditors

257,006

33,889

Taxation and social security

611,440

978,575

Other creditors

1,539,557

1,100,792

2,428,936

2,148,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 8)

21,296

42,032

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

20,933

34,933

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,648

32,519

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,648

9,513

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

600

Ordinary A

£1

600

600

200

Ordinary B

£1

200

200

200

Ordinary C

£1

200

200

1,000

1,000

10.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and directors. Amounts charged to the income statement were £82,099 (2023: £65,468) for the year. There were outstanding employer contributions of £15,439 (2023: £13,272) at the balance sheet date.