HRD Security Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07843187 (England and Wales)

Financial Statements For The Year Ended 30th November 2020

for

HRD Security Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Catchlove

REGISTERED OFFICE:

Amore Cattura

Silver Street

Bredgar

Sittingbourne

Kent

ME9 8ES

REGISTERED NUMBER:

07843187 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

70,193

92,433

CURRENT ASSETS

Stocks

1,994

2,009

Debtors

5

198,372

253,467

Cash at bank

202,625

24,354

402,991

279,830

CREDITORS

Amounts falling due within one year

6

201,427

155,220

NET CURRENT ASSETS

201,564

124,610

TOTAL ASSETS LESS CURRENT LIABILITIES

271,757

217,043

CREDITORS

Amounts falling due after more than one year

7

(21,770

)

(46,753

)

PROVISIONS FOR LIABILITIES

(13,337

)

(17,521

)

NET ASSETS

236,650

152,769

CAPITAL AND RESERVES

Called up share capital

9

2

2

Capital redemption reserve

10

1

1

Retained earnings

10

236,647

152,766

SHAREHOLDERS' FUNDS

236,650

152,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26th August 2021 and were signed by:

N A Catchlove - Director

1.	STATUTORY INFORMATION

HRD Security Solutions 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2019

146,629

Additions

9,106

At 30th November 2020

155,735

DEPRECIATION

At 1st December 2019

54,196

Charge for year

31,346

At 30th November 2020

85,542

NET BOOK VALUE

At 30th November 2020

70,193

At 30th November 2019

92,433

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st December 2019

and 30th November 2020

90,517

DEPRECIATION

At 1st December 2019

9,274

Charge for year

22,629

At 30th November 2020

31,903

NET BOOK VALUE

At 30th November 2020

58,614

At 30th November 2019

81,243

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

192,336

247,750

Other debtors and prepayments

6,036

5,717

198,372

253,467

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

24,982

26,507

Trade creditors

59,892

72,383

Corporation Tax

41,673

19,867

Social security and other taxes

44,510

28,754

Other creditors and accruals

30,370

7,709

201,427

155,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

21,770

46,753

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

46,752

73,260

Hire purchase contracts are secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st December 2019

152,766

1

152,767

Profit for the year

159,601

159,601

Dividends

(75,720

)

(75,720

)

At 30th November 2020

236,647

1

236,648