Photinia Security Ltd - Accounts to registrar (filleted) - small 22.3

Photinia Security Ltd - Accounts to registrar (filleted) - small 22.3

PHOTINIA SECURITY LTD - Company Information

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REGISTERED NUMBER: 07644581 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

FOR

PHOTINIA SECURITY LTD
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

PHOTINIA SECURITY LTD

COMPANY INFORMATION
for the year ended 31 May 2022







DIRECTOR: Mr M Wilding-Witts



REGISTERED OFFICE: 10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



REGISTERED NUMBER: 07644581 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: National Westminster
48-49 Blue Boar Row
Salisbury
Wiltshire
SP1 1DF
Page 1
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581)

BALANCE SHEET
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,202 18,550

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 47,997 34,728
Cash at bank and in hand 71,619 103,741
121,616 140,469
CREDITORS
Amounts falling due within one year 6 35,285 63,811
NET CURRENT ASSETS 86,331 76,658
TOTAL ASSETS LESS CURRENT
LIABILITIES
114,533
95,208

PROVISIONS FOR LIABILITIES 127 2,452
NET ASSETS 114,406 92,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 114,306 92,656
SHAREHOLDERS' FUNDS 114,406 92,756

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

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

The financial statements were approved by the director and authorised for issue on 16 February 2023 and were signed by:





Mr M Wilding-Witts - Director


The notes form part of these financial statements

Page 2
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2022

1. STATUTORY INFORMATION

Photinia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Parent company
Photinia Security Limited is a subsidiary of Wilding Landscape Group Limited whose registered office is 10 St Ann Street, Salisbury, Wiltshire, SP1 2DN.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of hard landscaping services.

Revenue is recognised on the services provided, once the agreed services have been approved and signed off by the client, at which time the significant risks and rewards of ownership have transferred to the customer.

Profit is recognised on long term projects when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependent upon the stage of completion at the balance sheet date.

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 - 20% on cost

Stocks
The company orders materials on a job by job basis as required and as such does not hold large amounts of stock. It does hold a range of consumables associated with landscaping and these are valued at cost as they are not subject to either physical or technological obsolescence.

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.

Page 3 continued...
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2022

2. ACCOUNTING POLICIES - continued

Debtors
Debtors do not carry and interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents
These comprise cash at bank and other short term highly liquid deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2021 47,697
Additions 35,115
Disposals (23,000 )
At 31 May 2022 59,812
DEPRECIATION
At 1 June 2021 29,147
Charge for year 7,063
Eliminated on disposal (4,600 )
At 31 May 2022 31,610
NET BOOK VALUE
At 31 May 2022 28,202
At 31 May 2021 18,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors 33,386 18,068
Recoverable on contracts 13,825 13,376
Other debtors 786 3,284
47,997 34,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade creditors 1,530 1,698
Taxation and social security 19,115 47,450
Other creditors 14,640 14,663
35,285 63,811

Page 4
ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PHOTINIA SECURITY LTD

The following reproduces the text of the report prepared for the director 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 Director 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 Photinia Security Ltd for the year ended 31 May 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 director of Photinia Security Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Photinia Security Ltd and state those matters that we have agreed to state to the director of Photinia Security Ltd 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 Photinia Security Ltd and its director for our work or for this report.

It is your duty to ensure that Photinia Security Ltd 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 Photinia Security Ltd. You consider that Photinia Security Ltd 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 Photinia Security Ltd. 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.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


23 February 2023

This page does not form part of the statutory financial statements

Page 5