ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 05196325

FUNCTION SECURITY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2025

FUNCTION SECURITY LIMITED

REGISTERED NUMBER: 05196325

BALANCE SHEET

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	2,834		1,541
Cash at bank and in hand	6	3,474		2,252
		6,308		3,793
Creditors: amounts falling due within one year	7	(29,819)		(27,100)
Net current liabilities			(23,511)		(23,307)
Total assets less current liabilities			(23,511)		(23,307)
Creditors: amounts falling due after more than one year	8		(283)		(1,983)

Net liabilities			(23,794)		(25,290)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(23,894)	(25,390)
	(23,794)	(25,290)

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account 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 by:

M Tidey

Director

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FUNCTION SECURITY LIMITED

REGISTERED NUMBER: 05196325

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2025

Date: 22 June 2026

The notes on pages 3 to 6 form part of these financial statements.

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FUNCTION SECURITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	General information

Function Security Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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 disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

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.

2.5

Borrowing costs

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

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FUNCTION SECURITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

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.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

4.	Employees
	The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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FUNCTION SECURITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	1,494	346
Other debtors	32	125
Prepayments and accrued income	1,308	1,070
	2,834	1,541

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	3,474	2,252
	3,474	2,252

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	1,701	1,701
Trade creditors	1,380	1,090
Other taxation and social security	1,581	-
Other creditors	23,574	21,735
Accruals and deferred income	1,583	2,574
	29,819	27,100

Tax losses have been carried forward and no deferred tax asset has been recognised in the current year

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	283	1,983
	283	1,983

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FUNCTION SECURITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Amounts falling due within one year
Other loans	1,701	1,701
	1,701	1,701
Amounts falling due 1-2 years
Bank loans	283	1,700
	283	1,700
Amounts falling due 2-5 years
Bank loans	-	283
	-	283

	1,984	3,684

10.	Related party transactions
	In other creditors there is a Director's loan of £23,574 (2024: £21,735) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.

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