Design and Security Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05025344

Design and Security Services Limited

Filleted Unaudited Financial Statements

31 March 2025

Design and Security Services Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		127,074	151,157

Current assets

Stocks		148,191	114,895
Debtors	6	646,679	956,777
Cash at bank and in hand		44,253	58,281
		---------	------------
		839,123	1,129,953

Creditors: amounts falling due within one year	7	762,158		964,989
		---------		------------
Net current assets			76,965	164,964
			---------	---------
Total assets less current liabilities			204,039	316,121

Creditors: amounts falling due after more than one year	8		25,921	69,737

Provisions

Taxation including deferred tax	30,543	36,469
	---------	---------
Net assets	147,575	209,915
	---------	---------

Capital and reserves

Called up share capital	96	100
Capital redemption reserve	4	–
Profit and loss account	147,475	209,815
	---------	---------
Shareholders funds	147,575	209,915
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Design and Security Services Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

A Gaskins	M Kelly
Director	Director

Company registration number: 05025344

Design and Security Services Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Hunter Road, South West Industrial Estate, Peterlee, SR8 2LX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Government grants

Government grants obtained specifically for fixed asset acquisitions are accounted for by inclusion in the fixed asset valuation. The grant received is amortised over the useful economic life of the asset.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office Equipment	-	20% straight line
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	20% reducing balance
Equipment	-	`15-25% Reducing balance`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants obtained specifically for fixed asset acquisitions are accounted for by inclusion in the fixed asset valuation. The grant received is amortised over the useful economic life of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2024: 26 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	38,193	22,148	24,750	605,990	691,081
Additions	–	–	–	2,661	2,661
	--------	--------	--------	---------	---------
At 31 March 2025	38,193	22,148	24,750	608,651	693,742
	--------	--------	--------	---------	---------
Depreciation
At 1 April 2024	23,341	19,802	9,900	486,881	539,924
Charge for the year	4,280	587	2,970	18,907	26,744
	--------	--------	--------	---------	---------
At 31 March 2025	27,621	20,389	12,870	505,788	566,668
	--------	--------	--------	---------	---------
Carrying amount
At 31 March 2025	10,572	1,759	11,880	102,863	127,074
	--------	--------	--------	---------	---------
At 31 March 2024	14,852	2,346	14,850	119,109	151,157
	--------	--------	--------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles	Equipment	Total
	£	£	£
At 31 March 2025	11,880	36,580	48,460
	--------	--------	--------
At 31 March 2024	14,850	43,036	57,886
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	627,915	947,704
Other debtors	18,764	9,073
	---------	---------
	646,679	956,777
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	30,000	30,000
Trade creditors	395,428	435,965
Corporation tax	32,871	55,947
Social security and other taxes	78,514	69,249
Other creditors	225,345	373,828
	---------	---------
	762,158	964,989
	---------	---------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Other Creditors	143,767	328,784
Obligations under finance leases and hire purchase contracts	13,816	13,816
Bank loans and overdrafts	30,000	30,000

The balances are secured on the assets to which they relate by way of a fixed and floating charge.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	35,000
Other creditors	20,921	34,737
	--------	--------
	25,921	69,737
	--------	--------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	20,921	34,737
Bank loans and overdrafts	5,000	35,000

The balances are secured on the assets to which they relate by way of a fixed and floating charge.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	7,436	11,998
Later than 1 year and not later than 5 years	629,282	665,001
Later than 5 years	2,594	10,600
	---------	---------
	639,312	687,599
	---------	---------

10. Directors' advances, credits and guarantees

The directors loan account was in credit throughout the year.

11. Related party transactions

The company was under the control of the directors during the year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.