ACCOUNTS - Final Accounts preparation

Registered number: 13110611

Essex Protect Limited

Financial statements

For the year ended 31 July 2024


Essex Protect Limited Registered number:13110611

Balance sheet

As at 31 July 2024

		2024		2023
Note	£	£	£	£

Fixed assets
Tangible assets	4		17,394		14,263
Current assets
Debtors	5	94,342		72,552
Cash at bank and in hand		13,755		18,243
		108,097		90,795
Creditors: amounts falling due within one year	6	(119,132)		(58,844)
Net current (liabilities)/assets			(11,035)		31,951
Provisions for liabilities
Deferred tax	7		(4,348)		(3,566)
Net assets			2,011		42,648

Capital and reserves
Called up share capital	1	1
Profit and loss account	2,010	42,647
	2,011	42,648

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 30 October 2025.

J. White

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

1.	General information

Essex Protect Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 4 Sudbury Stables, Sudbury Road, Downham, Billericay, Essex, CM11 1LB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Plant and machinery	-	25%	reducing balance
Motor vehicles	-	25%	reducing balance
Office equipment	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

2.Accounting policies (continued)

2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2024	2023
	No.	No.

Director	1	1
Staff	1	-

	2	1

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 August 2023	-	23,125	1,972	25,097
Additions	150	-	8,352	8,502
At 31 July 2024	150	23,125	10,324	33,599
Depreciation
At 1 August 2023	-	10,117	716	10,833
Charge for the year	37	3,252	2,083	5,372
At 31 July 2024	37	13,369	2,799	16,205
Net book value
At 31 July 2024	113	9,756	7,525	17,394
At 31 July 2023	-	13,008	1,255	14,263

Page 5


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

Debtors

					2024	2023
					£	£


Trade debtors	48,646	61,740
Other debtors	45,048	9,793
Prepayments	648	1,019
	94,342	72,552

Included within other debtors due within one year is a loan to J.B. White, the sole director, amounting to £44,363 (2023 - £9,682). The maximum outstanding balance during the year was £72,063 (2023 - £47,382). The loan is subject to interest at the official rate.

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	34,055	-
Other loans	26,000	-
Trade creditors	13,797	2,952
Corporation tax	28,737	27,315
Other taxation and social security	14,743	25,777
Accruals and deferred income	1,800	2,800
	119,132	58,844

7.	Deferred taxation

	2024	2023
	£	£

At beginning of year	3,566	-
Charge for the year	782	3,566
At end of year	4,348	3,566

Page 6


Essex Protect Limited

Notes to the financial statements

For the year ended 31 July 2024

7.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

Accelerated capital allowances

4,348

3,566

Page 7