REGISTERED NUMBER: 04166601 (England and Wales)

SECURITY DRIVERS INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J W English

SECRETARY:

J W English

REGISTERED OFFICE:

118 Pall Mall

London

SW1Y 5ED

REGISTERED NUMBER:

04166601 (England and Wales)

ACCOUNTANTS:

Howard & Stapleton

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Tangible assets

4

13,861

42,630

CURRENT ASSETS

Debtors

5

33,218

77,443

Cash at bank

22,420

27,061

55,638

104,504

CREDITORS

Amounts falling due within one year

6

33,862

93,128

NET CURRENT ASSETS

21,776

11,376

TOTAL ASSETS LESS CURRENT LIABILITIES

35,637

54,006

CREDITORS

Amounts falling due after more than one year

7

24,877

40,564

NET ASSETS

10,760

13,442

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

10,660

13,342

SHAREHOLDERS' FUNDS

10,760

13,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 23 June 2025 and were signed by:

J W English - Director

1.	STATUTORY INFORMATION

Security Drivers International 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.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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

Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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.

Trade and other payables

Trade and other payables are measured at transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Trade and other receivables

Trade and other receivables are measures at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest rate method less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

17,084

29,621

136,036

182,741

Additions

-

296

-

296

Disposals

-

-

(136,036

)

(136,036

)

At 31 March 2025

17,084

29,917

-

47,001

DEPRECIATION

At 1 March 2024

7,478

21,979

110,654

140,111

Charge for period

1,560

2,123

6,346

10,029

Eliminated on disposal

-

-

(117,000

)

(117,000

)

At 31 March 2025

9,038

24,102

-

33,140

NET BOOK VALUE

At 31 March 2025

8,046

5,815

-

13,861

At 29 February 2024

9,606

7,642

25,382

42,630

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

21,489

Disposals

(21,489

)

At 31 March 2025

-

DEPRECIATION

At 1 March 2024

5,372

Charge for period

4,030

Eliminated on disposal

(9,402

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 29 February 2024

16,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.2.24

£

£

Trade debtors

4,710

44,959

Other debtors

28,508

13,553

Directors' current accounts

-

18,231

Prepayments

-

700

33,218

77,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.2.24

£

£

Bank loans and overdrafts

5,597

5,459

Hire purchase contracts

-

6,723

Trade creditors

4,186

2,150

Corporation tax

-

10,206

Social security and other taxes

1,257

1,627

VAT

10,940

21,031

Other creditors

7,631

41,681

Directors' current accounts

251

251

Accrued expenses

4,000

4,000

33,862

93,128

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

29.2.24

£

£

Bank loans - 2-5 years

24,877

31,000

Hire purchase contracts

-

9,564

24,877

40,564

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, in their capacity as shareholders, received dividends in the year of £42000 (2024 - £Nil).

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J English and Mrs S E English, who jointly own the entire ordinary share capital.