REGISTERED NUMBER: 06349050 (England and Wales)

24 Security Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Benn

REGISTERED OFFICE:

Suite 2d, Building 1

Eastern Business Park

St Mellons

Cardiff

CF3 5EA

REGISTERED NUMBER:

06349050 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Accountants & Business Advisors

Suite 2d,

Building 1 Eastern Business Park

St Mellons

Cardiff

CF3 5EA

FIXED ASSETS

Tangible assets

4

2,789

4,877

CURRENT ASSETS

Stocks

-

930

Debtors

5

72,841

76,912

Cash at bank

58,143

31,218

130,984

109,060

CREDITORS

Amounts falling due within one year

6

105,468

98,515

NET CURRENT ASSETS

25,516

10,545

TOTAL ASSETS LESS CURRENT LIABILITIES

28,305

15,422

CREDITORS

Amounts falling due after more than one year

7

21,753

23,257

NET ASSETS/(LIABILITIES)

6,552

(7,835

)

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

4,552

(9,835

)

6,552

(7,835

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2026 and were signed by:

P Benn - Director

1.	STATUTORY INFORMATION

24 Security Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2023

2,004

19,590

21,594

Additions

146

-

146

At 31 August 2024

2,150

19,590

21,740

DEPRECIATION

At 1 September 2023

635

16,082

16,717

Charge for year

200

2,034

2,234

At 31 August 2024

835

18,116

18,951

NET BOOK VALUE

At 31 August 2024

1,315

1,474

2,789

At 31 August 2023

1,369

3,508

4,877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Other debtors

72,841

76,912

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

5,800

5,800

Trade creditors

1,748

835

Taxation and social security

97,920

91,880

105,468

98,515

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans

21,753

23,257

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24

31.8.23

£

£

P Benn

Balance outstanding at start of year

47,956

111,371

Amounts advanced

-

28,355

Amounts repaid

(320

)

(91,770

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,636

47,956

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr P Benn by virtue of his majority shareholding.