REGISTERED NUMBER: 07367704 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Black Diamond Security Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Raeburn

M W Hawley

REGISTERED OFFICE:

Vision House

Durham Lane

Armthorpe

Doncaster

South Yorkshire

DN3 3FE

REGISTERED NUMBER:

07367704 (England and Wales)

ACCOUNTANTS:

Hawson Jefferies

Suite 4

164-170 Queens Road

Sheffield

South Yorkshire

S2 4DH

FIXED ASSETS

Intangible assets

4

20,526

13,027

Tangible assets

5

1,358,561

1,389,313

1,379,087

1,402,340

CURRENT ASSETS

Stocks

52,920

27,159

Debtors

6

1,746,608

1,407,704

Cash at bank and in hand

1,397,721

1,118,852

3,197,249

2,553,715

CREDITORS

Amounts falling due within one year

7

1,691,350

1,416,736

NET CURRENT ASSETS

1,505,899

1,136,979

TOTAL ASSETS LESS CURRENT LIABILITIES

2,884,986

2,539,319

CREDITORS

Amounts falling due after more than one year

8

77,485

156,865

NET ASSETS

2,807,501

2,382,454

CAPITAL AND RESERVES

Called up share capital

35,250

35,250

Capital redemption reserve

2,250

(82,750

)

Retained earnings

2,770,001

2,429,954

2,807,501

2,382,454

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 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.

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 Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

M W Hawley - Director

I J Raeburn - Director

1.	STATUTORY INFORMATION

Black Diamond Security Ltd 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.

Changes in accounting policies

Plant and machinery

In previous years plant and machinery has been held at cost and not depreciated. In the current financial year, the depreciation policy has been revised to 10% straight line to comply with current accounting standards. Consequently, the company has adjusted all comparative amounts presented in the financial statements affected by the change in accounting policy for prior periods. The effect of these changes is recorded in note 5. A small subcategory of plant and machinery continues to be depreciated at 20% straight line.

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 the business, is being held at cost.

Intangible assets

Intangible assets are held at cost.

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

-

10% and 20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2023 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

13,027

-

13,027

Additions

-

7,499

7,499

At 31 December 2024

13,027

7,499

20,526

NET BOOK VALUE

At 31 December 2024

13,027

7,499

20,526

At 31 December 2023

13,027

-

13,027

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

59,090

1,661,079

12,697

Additions

-

204,323

433

Disposals

-

(62,380

)

-

At 31 December 2024

59,090

1,803,022

13,130

DEPRECIATION

At 1 January 2024

59,032

660,789

10,428

Charge for year

58

185,847

666

Eliminated on disposal

-

(220

)

-

At 31 December 2024

59,090

846,416

11,094

NET BOOK VALUE

At 31 December 2024

-

956,606

2,036

At 31 December 2023

58

1,000,290

2,269

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

623,877

38,429

2,395,172

Additions

213,749

5,239

423,744

Disposals

(146,966

)

(10,777

)

(220,123

)

At 31 December 2024

690,660

32,891

2,598,793

DEPRECIATION

At 1 January 2024

246,590

29,020

1,005,859

Charge for year

146,338

4,809

337,718

Eliminated on disposal

(93,298

)

(9,827

)

(103,345

)

At 31 December 2024

299,630

24,002

1,240,232

NET BOOK VALUE

At 31 December 2024

391,030

8,889

1,358,561

At 31 December 2023

377,287

9,409

1,389,313

PRIOR YEAR ADJUSTMENT

Change in accounting policy for depreciation on plant and machinery (see note 2)

The reinstated amounts are as follows:

2024 £

2023 £

2022 £

2021 £

2020 £

Balance sheet

NBV of plant and machinery

956,606

1,000,290

865,087

913,597

715,597

Income statement

Additional depreciation charge

147,742

140,048

127,305

114,646

82,902

2019 £

2018 £

2017 £

2016 £

2015 £

Balance sheet

NBV of plant and machinery

616,842

391,854

191,537

206,640

132,913

Income statement

Additional depreciation charge

70,171

42,310

19,330

18,380

11,623

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade debtors

1,430,365

1,246,076

Other debtors

316,243

161,628

1,746,608

1,407,704

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Hire purchase contracts

51,247

60,655

Trade creditors

902,882

804,025

Taxation and social security

422,399

286,395

Other creditors

314,822

265,661

1,691,350

1,416,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Hire purchase contracts

77,485

156,865