Registration number: 04085501

Partnership Security Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Partnership Security Limited

Company Information

Directors

Mr N Ogle Mrs J Ogle

Company secretary

Mrs J Ogle

Registered office

19 Kingsmead Business Park Gillingham Dorset SP8 5FB

Accountants

Nicola Brookes Chartered AccountantMole End Shorts Green Lane Motcombe Dorset SP7 9PA

Partnership Security Limited

(Registration number: 04085501)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	232,770	253,320
Current assets
Stocks		22,300	6,500
Debtors	6	188,681	311,544
Cash at bank and in hand		111,543	2,631
		322,524	320,675
Creditors: Amounts falling due within one year	7	(214,370)	(277,338)
Net current assets		108,154	43,337
Total assets less current liabilities		340,924	296,657
Creditors: Amounts falling due after more than one year	7	(98,419)	(125,327)
Provisions for liabilities		(49,317)	(42,791)
Net assets		193,188	128,539
Capital and reserves
Called up share capital		100	100
Retained earnings		193,088	128,439
Shareholders' funds		193,188	128,539

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2025 and signed on its behalf by:
 

Mr N Ogle Director

Partnership Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Kingsmead Business Park
Gillingham
Dorset
SP8 5FB

These financial statements were authorised for issue by the Board on 24 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Partnership Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% Reducing balance
Plant and machinery	25% Reducing balance
Fixtures and fittings	15% Reducing balance
Office equipment	33% Reducing balance

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is amortised evenly over its estimated useful life of ten years.

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Leases

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 19).

Partnership Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	10,200	10,200
At 31 October 2025	10,200	10,200
Amortisation
At 1 November 2024	10,200	10,200
At 31 October 2025	10,200	10,200
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	50,058	14,878	378,656	443,592
Additions	57,662	7,708	17,690	83,060
Disposals	(1,761)	(374)	(48,022)	(50,157)
At 31 October 2025	105,959	22,212	348,324	476,495
Depreciation
At 1 November 2024	19,945	10,317	160,010	190,272
Charge for the year	20,139	4,033	52,525	76,697
Eliminated on disposal	(1,134)	(324)	(21,786)	(23,244)
At 31 October 2025	38,950	14,026	190,749	243,725
Carrying amount
At 31 October 2025	67,009	8,186	157,575	232,770
At 31 October 2024	30,113	4,561	218,646	253,320

Partnership Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	175,685	288,351
Prepayments	5,065	14,198
Other debtors	7,931	8,995
	188,681	311,544

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	25,934	33,830
Trade creditors		55,792	106,547
Taxation and social security		126,187	130,486
Accruals and deferred income		4,120	4,400
Other creditors		2,337	2,075
		214,370	277,338

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	98,419	125,327

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	98,419	125,327

Partnership Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	137
Hire purchase contracts	25,934	33,693
	25,934	33,830

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	24,190	26,435
Later than one year and not later than five years	14,099	38,289
	38,289	64,724

The amount of non-cancellable operating lease payments recognised as an expense during the year was £26,435 (2024 - £37,939).

10	Related party transactions

The controlling party is N R Ogle.

During the year ended 31 October 2025 the company paid Premier Trust Re: N R Ogle, of which N R Ogle is a Trustee, £17,659 (£17,647) in respect of office rental and service charges.

On 29 October 2025, N R Ogle received a short term loan of £5,229 which was repaid 5 November 2025.