Global Security Qualifications Group Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: NI635727 (Northern Ireland)

Global Security Qualifications Group Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

W M McDowell

T R Poots

Trom Limited

REGISTERED OFFICE:

51 Old Ballygowan Road

Comber

Newtownards

BT23 5NP

REGISTERED NUMBER:

NI635727 (Northern Ireland)

ACCOUNTANTS:

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

29 October 2025

FIXED ASSETS

Intangible assets

4

6,824

8,189

Tangible assets

5

1,023

1,278

Investments

6

5

7,852

9,472

CURRENT ASSETS

Stocks

70,000

Debtors

7

140,718

116,483

Cash at bank and in hand

1,495

170

212,213

186,653

CREDITORS

Amounts falling due within one year

8

211,086

189,543

NET CURRENT ASSETS/(LIABILITIES)

1,127

(2,890

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

8,979

6,582

PROVISIONS FOR LIABILITIES

243

NET ASSETS

8,736

6,339

CAPITAL AND RESERVES

Called up share capital

1,170

Retained earnings

7,566

5,169

SHAREHOLDERS' FUNDS

8,736

6,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 October 2025 and were signed on its behalf by:

W M McDowell - Director

Trom Limited - Director

T R Poots - Director

1.	STATUTORY INFORMATION

Global Security Qualifications Group Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 February 2024

and 31 January 2025

13,648

AMORTISATION

At 1 February 2024

5,459

Amortisation for year

1,365

At 31 January 2025

6,824

NET BOOK VALUE

At 31 January 2025

6,824

At 31 January 2024

8,189

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

and 31 January 2025

4,517

DEPRECIATION

At 1 February 2024

3,239

Charge for year

255

At 31 January 2025

3,494

NET BOOK VALUE

At 31 January 2025

1,023

At 31 January 2024

1,278

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

5

NET BOOK VALUE

At 31 January 2025

5

At 31 January 2024

5

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,840

4,000

Other debtors

133,878

112,483

140,718

116,483

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

9,827

6,380

Taxation and social security

1,233

-

Other creditors

200,026

183,163

211,086

189,543