Company Registration No. 03684674 (England and Wales)
LBS Security Services limited
Unaudited accounts
for the year ended 31 March 2025
LBS Security Services limited
Unaudited accounts
Contents
LBS Security Services limited
Company Information
for the year ended 31 March 2025
Company Number
03684674 (England and Wales)
Registered Office
Unit 6 Sterling Trading Estate
Rainham Road south
Dagenham
RM10 8TX
LBS Security Services limited
Statement of financial position
as at 31 March 2025
Inventories
126,781
138,503
Debtors
2,836,569
2,783,940
Cash at bank and in hand
299,242
110,318
Creditors: amounts falling due within one year
(897,200)
(678,596)
Net current assets
2,365,392
2,354,165
Total assets less current liabilities
2,451,036
2,439,809
Creditors: amounts falling due after more than one year
(2,015,677)
(2,095,989)
Net assets
435,359
343,820
Called up share capital
1,906
1,906
Capital redemption reserve
200,000
200,000
Profit and loss account
233,453
141,914
Shareholders' funds
435,359
343,820
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 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 26 September 2025 and were signed on its behalf by
L Bird
Director
Company Registration No. 03684674
LBS Security Services limited
Notes to the Accounts
for the year ended 31 March 2025
LBS Security Services limited is a private company, limited by shares, registered in England and Wales, registration number 03684674. The registered office is Unit 6 Sterling Trading Estate, Rainham Road south, Dagenham, RM10 8TX.
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.
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.
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:
Plant & machinery
15% on cost
Motor vehicles
20% on reducing balance
Fixtures & fittings
15% on cost
Computer equipment
33.33% on cost
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LBS Security Services limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Cost or valuation
At cost
At cost
5
Investments
Other investments
Valuation at 1 April 2024
85,644
Valuation at 31 March 2025
85,644
Amounts falling due within one year
Trade debtors
623,464
891,050
Accrued income and prepayments
103,212
90,719
Other debtors
2,109,893
1,802,171
LBS Security Services limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
70,066
45,418
Trade creditors
490,766
527,198
Taxes and social security
86,951
35,928
Other creditors
20,885
13,346
Loans from directors
1,117
(1,400)
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
65,556
160,156
Amounts owed to group undertakings and other participating interests
1,950,121
1,935,833
The bank overdraft, payments on account and loan are secured by a debenture over the assets of the company. Hire purchase contracts are secured on the assets concerned.
9
Average number of employees
During the year the average number of employees was 38 (2024: 38).