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Company Registration No. 11612368 (England and Wales)
PLATINUM ASSET PROTECTION LTD Unaudited accounts for the year ended 31 October 2025
PLATINUM ASSET PROTECTION LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PLATINUM ASSET PROTECTION LTD Company Information for the year ended 31 October 2025
Directors
Charlie Rhys Iffans Kabir Ahmed
Company Number
11612368 (England and Wales)
Registered Office
Unit 2a, Antler Complex Bruntcliffe Way Morley West Yorshire LS27 0JG
Accountants
B Ram & Co Accountants Ltd 7 Idle Road Bradford BD2 4QA
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PLATINUM ASSET PROTECTION LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
603,763
469,994
Current assets
Debtors
5
308,125
328,067
Cash at bank and in hand
409,955
302,117
718,080
630,184
Creditors: amounts falling due within one year
6
(409,411)
(418,665)
Net current assets
308,669
211,519
Total assets less current liabilities
912,432
681,513
Creditors: amounts falling due after more than one year
7
(51,785)
-
Provisions for liabilities
Deferred tax
(110,722)
(110,934)
Net assets
749,925
570,579
Capital and reserves
Called up share capital
100
100
Profit and loss account
749,825
570,479
Shareholders' funds
749,925
570,579
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by
Kabir Ahmed Director Company Registration No. 11612368
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PLATINUM ASSET PROTECTION LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
PLATINUM ASSET PROTECTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11612368. The registered office is Unit 2a, Antler Complex, Bruntcliffe Way, Morley, West Yorshire, LS27 0JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PLATINUM ASSET PROTECTION LTD Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
790,574
39,667
6,526
836,767
Additions
219,356
27,850
489
247,695
Disposals
-
(7,917)
-
(7,917)
At 31 October 2025
1,009,930
59,600
7,015
1,076,545
Depreciation
At 1 November 2024
345,556
18,883
2,334
366,773
Charge for the year
99,656
11,689
702
112,047
On disposals
-
(6,038)
-
(6,038)
At 31 October 2025
445,212
24,534
3,036
472,782
Net book value
At 31 October 2025
564,718
35,066
3,979
603,763
At 31 October 2024
445,018
20,784
4,192
469,994
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
275,179
296,302
Accrued income and prepayments
12,946
11,765
Other debtors
20,000
20,000
308,125
328,067
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
64,256
52,296
Trade creditors
182,405
180,437
Amounts owed to group undertakings and other participating interests
150,000
150,000
Taxes and social security
9,411
11,443
Other creditors
339
11,489
Loans from directors
-
10,000
Accruals
3,000
3,000
409,411
418,665
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
51,785
-
8
Average number of employees
During the year the average number of employees was 6 (2024: 5).
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