Besecure Protection Systems Ltd 31/08/2023 iXBRL

Besecure Protection Systems Ltd 31/08/2023 iXBRL

BESECURE PROTECTION SYSTEMS LTD - Company Information

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12 31/08/2023 2023-08-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-09-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08643124 2022-09-01 2023-08-31 08643124 2023-08-31 08643124 2022-08-31 08643124 2021-09-01 2022-08-31 08643124 2022-08-31 08643124 core:NetGoodwill 2022-09-01 2023-08-31 08643124 bus:RegisteredOffice 2022-09-01 2023-08-31 08643124 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 08643124 bus:Director1 2022-09-01 2023-08-31 08643124 bus:Director2 2022-09-01 2023-08-31 08643124 core:WithinOneYear 2023-08-31 08643124 core:WithinOneYear 2022-08-31 08643124 core:AfterOneYear 2023-08-31 08643124 core:ShareCapital 2023-08-31 08643124 core:ShareCapital 2022-08-31 08643124 core:RetainedEarningsAccumulatedLosses 2023-08-31 08643124 core:RetainedEarningsAccumulatedLosses 2022-08-31 08643124 bus:Director1 2022-08-31 08643124 bus:Director1 2023-08-31 08643124 bus:Director1 2021-08-31 08643124 bus:Director1 2022-08-31 08643124 bus:Director1 2021-09-01 2022-08-31 08643124 bus:SmallEntities 2022-09-01 2023-08-31 08643124 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08643124 bus:AbridgedAccounts 2022-09-01 2023-08-31 08643124 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08643124 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Company registration number: 08643124
Besecure Protection Systems Ltd
Trading as Besecure Protection Systems Ltd
Unaudited filleted abridged financial statements
31 August 2023
Besecure Protection Systems Ltd
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Besecure Protection Systems Ltd
Directors and other information
Director Mr. Ben Mitchell
Mrs. Ruth Mitchell
Company number 08643124
Registered office Hagley Showrooms
Bartestree
Hereford
HR1 4BX
Business address Hagley Showrooms
Bartestree
Hereford
HR1 4BX
Accountant DJ Accountancy Ltd
Redlands
Leddington
Ledbury
HR8 2LG
Besecure Protection Systems Ltd
Abridged statement of financial position
31 August 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - 1,006
Tangible assets 6 206,509 115,223
_______ _______
206,509 116,229
Current assets
Stocks 24,902 18,860
Debtors 116,213 54,632
Cash at bank and in hand 132,263 93,361
_______ _______
273,378 166,853
Creditors: amounts falling due
within one year ( 236,553) ( 227,917)
_______ _______
Net current assets/(liabilities) 36,825 ( 61,064)
_______ _______
Total assets less current liabilities 243,334 55,165
Creditors: amounts falling due
after more than one year ( 117,526) -
_______ _______
Net assets 125,808 55,165
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 125,708 55,065
_______ _______
Shareholders funds 125,808 55,165
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 01 February 2024 , and are signed on behalf of the board by:
Mr. Ben Mitchell
Director
Company registration number: 08643124
Besecure Protection Systems Ltd
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Hagley Showrooms, Bartestree, Hereford, HR1 4BX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2022: 10 ).
5. Intangible assets
£
Cost
At 1 September 2022 and 31 August 2023 10,060
_______
Amortisation
At 1 September 2022 9,054
Charge for the year 1,006
_______
At 31 August 2023 10,060
_______
Carrying amount
At 31 August 2023 -
_______
At 31 August 2022 1,006
_______
6. Tangible assets
£
Cost
At 1 September 2022 157,688
Additions 130,908
Disposals ( 37,916)
_______
At 31 August 2023 250,680
_______
Depreciation
At 1 September 2022 42,465
Charge for the year 29,502
Disposals ( 27,796)
_______
At 31 August 2023 44,171
_______
Carrying amount
At 31 August 2023 206,509
_______
At 31 August 2022 115,223
_______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr. Ben Mitchell ( 1,668) ( 541) ( 2,209)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr. Ben Mitchell ( 3,198) 1,530 ( 1,668)
_______ _______ _______