Cleveland Security Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04933176

Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Cleveland Security Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Baker

Mr M Bringloe

SECRETARY:

Mr M Bringloe

REGISTERED OFFICE:

Thornton House

Cargo Fleet Lane

Middlesbrough

Cleveland

TS3 8DE

REGISTERED NUMBER:

04933176

FIXED ASSETS

Intangible assets

4

155,000

155,000

Tangible assets

5

65,866

29,156

220,866

184,156

CURRENT ASSETS

Stocks

1,395

925

Debtors

109,918

124,143

Cash at bank and in hand

100,259

109,734

211,572

234,802

CREDITORS

Amounts falling due within one year

279,833

301,781

NET CURRENT LIABILITIES

(68,261

)

(66,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

152,605

117,177

CREDITORS

Amounts falling due after more than one year

50,000

-

NET ASSETS

102,605

117,177

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,505

117,077

SHAREHOLDERS' FUNDS

102,605

117,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2021 and were signed on its behalf by:

Mrs C Baker - Director

1.	STATUTORY INFORMATION

Cleveland Security Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 11 (2020 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

and 31 May 2021

155,000

NET BOOK VALUE

At 31 May 2021

155,000

At 31 May 2020

155,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

67,230

Additions

66,867

Disposals

(44,519

)

At 31 May 2021

89,578

DEPRECIATION

At 1 June 2020

38,074

Charge for year

13,657

Eliminated on disposal

(28,019

)

At 31 May 2021

23,712

NET BOOK VALUE

At 31 May 2021

65,866

At 31 May 2020

29,156