| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Magenta Security Services Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Magenta Security Services Limited |
| Magenta Security Services Limited (Registered number: 03022670) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Magenta Security Services Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bourbon Court, Nightingales Corner |
| Little Chalfont |
| Amersham |
| Bucks |
| HP7 9QS |
| BANKERS: |
| Business Banking |
| PO Box 166 |
| Hounslow Middlesex |
| TW6 2RA |
| Magenta Security Services Limited (Registered number: 03022670) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Investments | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Retained earnings |
| 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. |
| Magenta Security Services Limited (Registered number: 03022670) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Magenta Security Services Limited (Registered number: 03022670) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| TANGIBLE FIXED ASSETS |
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
| Freehold buildings | over 50 years |
| Leasehold land and buildings | over the lease term |
| Motor vehicles | over 5 years |
| Plant and machinery | over 10 years |
| Fixtures, fittings, tools and equipment | over 5 years |
| TAXATION |
| A current tax liability is recognized for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognized in respect of all timing difference between the recognition of income & expenses in the financial statements and their inclusion in tax assessments. |
| 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. |
| LEASED ASSETS |
| A lease is classified as a finance lease if it transfers substantially all the risk and rewards incidental to ownership. All other leases are classified as operating lease. The rights to use and obligation under finance lease are initially recognized as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. Operating lease payments are recognized as an expense on a straight-line basis over the lease term. |
| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
| The company operates two separate pension scheme. The company operates a pension scheme for the directors and is provided by an independent provider. The company also operates a Workplace Pension Scheme for all other employees as required by the Pension Legislation for all those who have opted in. The provider of this scheme is the National Employment Savings Trust (NEST). The pension charge represents the amounts payable by the company to the respective funds in respect of the year. |
| Magenta Security Services Limited (Registered number: 03022670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 1. | ACCOUNTING POLICIES - continued |
| DEBTORS |
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
| CREDITORS |
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Motor | Computer |
| property | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| In the opinion of the Director - Mr. Abdul Rauf Petkar, value of the freehold property as of 31 March 2025 was £1,200,000. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Listed investments | 25,612 | 25,612 |
| Magenta Security Services Limited (Registered number: 03022670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 203,550 | 203,550 |
| The bank loan is secured by a fixed charge over the company's freehold property known as Unit 2 Walbrook Business Centre Green Lane Hounslow Middlesex. |
| Other creditors represents balance of hire purchase creditors due after one year. |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Other timing differences | 48,059 | 47,909 |
| Deferred tax | 115,874 | 115,874 |
| 163,933 | 163,783 |
| Other provisions | 64,821 | - |
| Aggregate amounts | 228,754 | 163,783 |
| Deferred | Bad debt |
| tax | provision |
| £ | £ |
| Balance at 1 April 2024 |
| Provided during year |
| Balance at 31 March 2025 |