Protective Security Group (UK) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09104959 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Protective Security Group (UK) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr E T Miller

Mr J Robinson

REGISTERED OFFICE:

32 Brackenbridge Drive

Ruislip

Middlesex

HA4 0LZ

REGISTERED NUMBER:

09104959 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Protective Security Group (UK) Limited for the year ended 31 March 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Protective Security Group (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Protective Security Group (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Protective Security Group (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Protective Security Group (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Protective Security Group (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Protective Security Group (UK) Limited. You consider that Protective Security Group (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Protective Security Group (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

23 December 2022

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

169

1,263

169

1,263

CURRENT ASSETS

Debtors

6

510,567

347,415

Cash at bank and in hand

64,041

12,201

574,608

359,616

CREDITORS

Amounts falling due within one year

7

346,610

139,336

NET CURRENT ASSETS

227,998

220,280

TOTAL ASSETS LESS CURRENT LIABILITIES

228,167

221,543

CREDITORS

Amounts falling due after more than one year

8

-

(46,527

)

PROVISIONS FOR LIABILITIES

(32

)

(240

)

NET ASSETS

228,135

174,776

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

228,131

174,772

SHAREHOLDERS' FUNDS

228,135

174,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2022 and were signed on its behalf by:

Mr E T Miller - Director

1.	STATUTORY INFORMATION

Protective Security Group (UK) Limited 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.

The financial statements have been prepared on a going concern basis.

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 2016, is being

amortised evenly over its estimated useful life of five years.

Goodwill has been fully amortised.

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

-

25% on cost

Fixtures and fittings

-

20% straight line

Office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

30,000

AMORTISATION

At 1 April 2021

and 31 March 2022

30,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2021

16,047

1,917

5,069

23,033

Additions

-

-

175

175

At 31 March 2022

16,047

1,917

5,244

23,208

DEPRECIATION

At 1 April 2021

16,047

1,816

3,907

21,770

Charge for year

-

51

1,218

1,269

At 31 March 2022

16,047

1,867

5,125

23,039

NET BOOK VALUE

At 31 March 2022

-

50

119

169

At 31 March 2021

-

101

1,162

1,263

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

430,109

270,656

Other debtors

80,458

76,759

510,567

347,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

-

3,472

Trade creditors

27,576

6,481

Taxation and social security

222,864

112,807

Other creditors

96,170

16,576

346,610

139,336

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

-

46,527

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,861