Black Diamond Security Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07367704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BLACK DIAMOND SECURITY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hawley

I J W L Raeburn

REGISTERED OFFICE:

Vision House Durham Lane

Armthorpe

Doncaster

South Yorkshire

DN3 3FE

REGISTERED NUMBER:

07367704 (England and Wales)

ACCOUNTANTS:

D P Accounting Limited

The Accounting House

Sheepbridge Centre

Sheepbridge Lane

Chesterfield

Derbyshire

S41 9RX

FIXED ASSETS

Intangible assets

4

13,027

13,027

Tangible assets

5

1,555,879

1,265,247

1,568,906

1,278,274

CURRENT ASSETS

Stocks

34,275

54,888

Debtors

6

1,148,144

1,021,453

Cash at bank

773,759

1,179,010

1,956,178

2,255,351

CREDITORS

Amounts falling due within one year

7

969,118

1,198,885

NET CURRENT ASSETS

987,060

1,056,466

TOTAL ASSETS LESS CURRENT LIABILITIES

2,555,966

2,334,740

CREDITORS

Amounts falling due after more than one year

8

203,567

154,099

NET ASSETS

2,352,399

2,180,641

CAPITAL AND RESERVES

Called up share capital

37,500

37,500

Retained earnings

2,314,899

2,143,141

2,352,399

2,180,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 April 2022 and were signed on its behalf by:

M Hawley - Director

I J W L Raeburn - Director

1.	STATUTORY INFORMATION

Black Diamond Security Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 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 129 (2020 - 199 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

13,027

NET BOOK VALUE

At 31 December 2021

13,027

At 31 December 2020

13,027

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2021

30,478

1,469,952

1,500,430

Additions

28,415

380,882

409,297

Disposals

-

(68,507

)

(68,507

)

At 31 December 2021

58,893

1,782,327

1,841,220

DEPRECIATION

At 1 January 2021

18,480

216,703

235,183

Charge for year

9,542

90,634

100,176

Eliminated on disposal

-

(50,018

)

(50,018

)

At 31 December 2021

28,022

257,319

285,341

NET BOOK VALUE

At 31 December 2021

30,871

1,525,008

1,555,879

At 31 December 2020

11,998

1,253,249

1,265,247

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

950,718

930,667

Other debtors

197,426

90,786

1,148,144

1,021,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

83

1,614

Trade creditors

459,557

284,232

Taxation and social security

320,840

567,913

Other creditors

188,638

345,126

969,118

1,198,885

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Other creditors

203,567

154,099