Company Registration No. 07550898 (England and Wales)
Colway Security UK Ltd
Unaudited accounts
for the year ended 30 September 2024
Colway Security UK Ltd
Company Information
for the year ended 30 September 2024
Company Number
07550898 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Colway Security UK Ltd
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Colway Security UK Ltd for the year ended
30 September 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants
Chartered Certified Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
30 September 2025
Colway Security UK Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
12,983
17,312
Cash at bank and in hand
1,620
770
Creditors: amounts falling due within one year
(5,552)
(23,544)
Net current assets
21,668
22,426
Total assets less current liabilities
34,651
39,738
Creditors: amounts falling due after more than one year
(10,582)
(18,585)
Called up share capital
1
1
Profit and loss account
24,068
21,152
Shareholders' funds
24,069
21,153
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Ricky LLOYD
Director
Company Registration No. 07550898
Colway Security UK Ltd
Notes to the Accounts
for the year ended 30 September 2024
Colway Security UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 07550898. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% diminishing balance method.
Fixtures & fittings
10% diminishing balance method.
Computer equipment
20% diminishing balance method.
Government grants, Covid 19
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Repair of fabricated metal products
Colway Security UK Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
32,700
2,010
34,710
At 30 September 2024
32,700
2,010
34,710
At 1 October 2023
16,853
545
17,398
Charge for the year
3,962
367
4,329
At 30 September 2024
20,815
912
21,727
At 30 September 2024
11,885
1,098
12,983
At 30 September 2023
15,847
1,465
17,312
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24
12
Other creditors
1,500
1,500
Loans from directors
-
18,832
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).