ULTIMATE SECURITY & INVESTIGATIONS LIMITED


Director	KELLY, Gregory Martin


Registered Address	75 Parkhill Road
	Kingstown Industrial Estate
	Carlisle
	CA3 0EX


Registered Number	03879044 (England and Wales)

Statement of Financial Position
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		26,526		19,659
			26,526		19,659
Current assets
Debtors	4	116,583		110,662
Cash at bank and on hand		31,087		53,101
		147,670		163,763
Creditors amounts falling due within one year	5	(123,136)		(128,574)
Net current assets (liabilities)			24,534		35,189
Total assets less current liabilities			51,060		54,848
Creditors amounts falling due after one year	6		(34,170)		(35,100)
Provisions for liabilities	8		(1,400)		(2,900)
Net assets			15,490		16,848
Capital and reserves
Called up share capital			198		198
Profit and loss account			15,292		16,650
Shareholders' funds			15,490		16,848

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 19 September 2025, and are signed on its behalf by:

KELLY, Gregory Martin
Director
Registered Company No. 03879044

ULTIMATE SECURITY & INVESTIGATIONS LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	20		20

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 October 23	11,882	94,857	17,276	124,015
Additions	-	14,500	-	14,500
At 30 September 24	11,882	109,357	17,276	138,515
Depreciation and impairment
At 01 October 23	11,866	75,639	16,851	104,356
Charge for year	4	7,523	106	7,633
At 30 September 24	11,870	83,162	16,957	111,989
Net book value
At 30 September 24	12	26,195	319	26,526
At 30 September 23	16	19,218	425	19,659

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	79,617	71,793
Other debtors	34,783	37,353
Prepayments and accrued income	2,183	1,516
Total	116,583	110,662

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,675	4,440
Bank borrowings and overdrafts	5,538	5,000
Taxation and social security	46,305	51,975
Finance lease and HP contracts	5,447	4,112
Other creditors	57,421	58,652
Accrued liabilities and deferred income	4,750	4,395
Total	123,136	128,574


	Bank borrowings are secured by way of fixed and floating charges over the assets of the company. Finance lease and HP contracts are secured against the assets to which they relate.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	26,473	32,524
Other creditors	7,697	2,576
Total	34,170	35,100


	Bank borrowings are secured by way of fixed and floating charges over the assets of the company. Other creditors include finance lease and HP contracts secured against the assets to which they relate.

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	13,143		6,687

8.	Provisions for liabilities
	The provision for deferred tax arises from accelerated capital allowances in respect of tangible assets.

	2024	2023
	£	£
Net deferred tax liability (asset)	1,400	2,900
Total	1,400	2,900

9.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £12,249 (2023 - £10,059).

10.	Directors advances, credits and guarantees
	On 1 October 2023, a Director owed the Company £28,023. During the period this director was advanced a further £2,429 and repaid £5,000. As at 30 September 2024 this Director owed the Company £25,452. Interest equal to £668 was charged on this loan at the HMRC official rate. The loan is unsecured and repayable on demand.