M.S.G. Security Limited - Filleted accounts

Registered number

02784132

M.S.G. Security Limited

Unaudited Filleted Accounts

31 January 2026

M.S.G. Security Limited
Registered number:		02784132
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		70,996			25,409

Current assets
Debtors	4	151,871			92,529
Cash at bank and in hand		156,425			290,648
		308,296			383,177

Creditors: amounts falling due within one year	5	(121,644)			(107,856)

Net current assets			186,652			275,321

Net assets			257,648			300,730

Capital and reserves
Called up share capital			2			2
Profit and loss account			257,646			300,728

Shareholders' funds			257,648			300,730

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G Gill
Director
Approved by the board on 5 October 2026

M.S.G. Security Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that on the basis of the company's own cash flows and financing arrangements with it's bankers and parent company, the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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:

	Motor vehicles			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance
	Leasehold land and buildings			Not depreciated

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised 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. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					19		20


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	-		9,924		67,938		77,862
	Additions	24,752		3,180		40,478		68,410
	Disposals	-		-		(17,530)		(17,530)
	At 31 January 2026	24,752		13,104		90,886		128,742

	Depreciation
	At 1 February 2025	-		7,571		44,882		52,453
	Charge for the year	-		1,383		14,031		15,414
	On disposals	-		-		(10,121)		(10,121)
	At 31 January 2026	-		8,954		48,792		57,746

	Net book value
	At 31 January 2026	24,752		4,150		42,094		70,996
	At 31 January 2025	-		2,353		23,056		25,409


4	Debtors					2026		2025
£							£

	Trade debtors					147,252		87,548
	Other debtors					4,619		4,981
						151,871		92,529


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					36,051		11,262
	Taxation and social security costs					55,181		69,153
	Other creditors					30,412		27,441
						121,644		107,856


6	Related party transactions

	Dividends of £85,515 (2025 : £57,000) were paid to the directors during the year.


7	Controlling party

	The company is controlled by Mr and Mrs G Gill.


8	Other information

	M.S.G. Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Annex
	73 Sutton Road
	Walsall
	West Midlands
	WS1 2PQ