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Registered number: 05732703
Guardian Security Installations Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Illingworth Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05732703
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,695 23,722
17,695 23,722
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 60,707 59,093
Cash at bank and in hand 95,675 78,220
156,882 137,813
Creditors: Amounts Falling Due Within One Year 7 (54,522 ) (49,789 )
NET CURRENT ASSETS (LIABILITIES) 102,360 88,024
TOTAL ASSETS LESS CURRENT LIABILITIES 120,055 111,746
NET ASSETS 120,055 111,746
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 119,955 111,646
SHAREHOLDERS' FUNDS 120,055 111,746
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For the year ending 31 March 2025 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Warren Heggarty
Director
Mr Stephen Emsley
Director
03/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Guardian Security Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05732703 . The registered office is C/O Illingworth Accountants, 11 Grove Close, Bradford, West Yorkshire, BD2 4HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 11,334 52,174 442 2,338 66,288
As at 31 March 2025 11,334 52,174 442 2,338 66,288
Depreciation
As at 1 April 2024 11,096 28,978 297 2,195 42,566
Provided during the period 59 5,799 29 140 6,027
As at 31 March 2025 11,155 34,777 326 2,335 48,593
Net Book Value
As at 31 March 2025 179 17,397 116 3 17,695
As at 1 April 2024 238 23,196 145 143 23,722
5. Stocks
2025 2024
£ £
Stock 500 500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 57,681 56,558
Prepayments and accrued income 3,026 2,535
60,707 59,093
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,775 11,340
Corporation tax 20,741 12,865
Other taxes and social security 2,393 2,790
VAT 23,519 21,663
Other creditors 590 786
Accruals and deferred income 448 262
Directors' loan accounts 56 83
54,522 49,789
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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