HRD Security Solutions Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07843187 (England and Wales)

Financial Statements For The Year Ended 30th November 2022

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

172,648

70,865

CURRENT ASSETS

Stocks

-

5,388

Debtors

5

268,214

253,069

Cash at bank

487,172

378,505

755,386

636,962

CREDITORS

Amounts falling due within one year

6

270,729

275,025

NET CURRENT ASSETS

484,657

361,937

TOTAL ASSETS LESS CURRENT LIABILITIES

657,305

432,802

CREDITORS

Amounts falling due after more than one year

7

(97,964

)

(14,685

)

PROVISIONS FOR LIABILITIES

(43,162

)

(13,464

)

NET ASSETS

516,179

404,653

CAPITAL AND RESERVES

Called up share capital

9

2

2

Capital redemption reserve

10

1

1

Retained earnings

10

516,176

404,650

SHAREHOLDERS' FUNDS

516,179

404,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th July 2023 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 reducing balance

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 13 (2021 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2021

184,285

Additions

139,900

At 30th November 2022

324,185

DEPRECIATION

At 1st December 2021

113,420

Charge for year

38,117

At 30th November 2022

151,537

NET BOOK VALUE

At 30th November 2022

172,648

At 30th November 2021

70,865

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

Plant and

machinery

etc

£

COST

At 1st December 2021

100,229

Additions

139,900

Transfer to ownership

(74,599

)

At 30th November 2022

165,530

DEPRECIATION

At 1st December 2021

41,672

Charge for year

35,041

Transfer to ownership

(59,254

)

At 30th November 2022

17,459

NET BOOK VALUE

At 30th November 2022

148,071

At 30th November 2021

58,557

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

258,440

244,672

Other debtors and prepayments

9,774

8,397

268,214

253,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

30,333

29,000

Trade creditors

88,983

85,318

Corporation Tax

44,597

65,121

Social security and other taxes

54,073

51,949

Other creditors and accruals

52,743

43,637

270,729

275,025

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

97,964

14,685

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Hire purchase contracts

128,297

43,685

Hire purchase contracts are secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st December 2021

404,650

1

404,651

Profit for the year

262,206

262,206

Dividends

(150,680

)

(150,680

)

At 30th November 2022

516,176

1

516,177