Company No: 06049154 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	7,231		9,447
		7,231		9,447
Current assets
Debtors	5	123,459		83,329
Cash at bank and in hand		65,959		84,441
		189,418		167,770
Creditors: amounts falling due within one year	6	( 71,097)		( 65,464)
Net current assets		118,321		102,306
Total assets less current liabilities		125,552		111,753
Creditors: amounts falling due after more than one year	7	( 5,424)		( 8,197)
Provision for liabilities		( 561)		( 1,021)
Net assets		119,567		102,535
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		119,467		102,435
Total shareholders' funds		119,567		102,535

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of GSD Security Limited (registered number: 06049154) were approved and authorised for issue by the Board of Directors on 28 October 2026. They were signed on its behalf by:

Mr R Thomas Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GSD Security Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Riviere Towans, Phillack, Hayle, TR27 5AF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	20 % reducing balance
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
The average number of persons employed by the Company during the year, including directors	11		12

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	21,500		21,500
At 31 January 2026	21,500		21,500
Accumulated amortisation
At 01 February 2025	21,500		21,500
At 31 January 2026	21,500		21,500
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2025	5,505		26,683		5,840		38,028
At 31 January 2026	5,505		26,683		5,840		38,028
Accumulated depreciation
At 01 February 2025	5,505		17,644		5,432		28,581
Charge for the financial year	0		1,808		408		2,216
At 31 January 2026	5,505		19,452		5,840		30,797
Net book value
At 31 January 2026	0		7,231		0		7,231
At 31 January 2025	0		9,039		408		9,447

5. Debtors

	2026		2025
	£		£
Trade debtors	57,422		41,436
Other debtors	66,037		41,893
	123,459		83,329

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	3,355		10,500
Trade creditors	9,090		15,249
Corporation tax	16,543		0
Other taxation and social security	33,019		25,019
Other creditors	9,090		14,696
	71,097		65,464

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		2,773
Other creditors	5,424		5,424
	5,424		8,197

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	8,340		8,340
Between one and five years	16,680		28,495
	25,020		36,835

The total amount of financial commitments not included in the balance sheet is £25,020 (2025 - £36,835).