Company Registration No. 10041077 (England and Wales)
Urgent Security Group Limited
Unaudited accounts
for the year ended 31 March 2020
Urgent Security Group Limited
Unaudited accounts
Contents
Urgent Security Group Limited
Company Information
for the year ended 31 March 2020
Company Number
10041077 (England and Wales)
Registered Office
616 Mitcham Road
Croydon
CR0 3AA
Urgent Security Group Limited
Statement of financial position
as at
31 March 2020
Tangible assets
1,550
2,600
Creditors: amounts falling due within one year
(58,834)
(55,859)
Net current liabilities
(1,167)
(2,470)
Called up share capital
100
100
Profit and loss account
283
30
Shareholders' funds
383
130
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2020 and were signed on its behalf by
Muhammad Sajid
Director
Company Registration No. 10041077
Urgent Security Group Limited
Notes to the Accounts
for the year ended 31 March 2020
Urgent Security Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10041077. The registered office is 616 Mitcham Road, Croydon, CR0 3AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on costs
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Urgent Security Group Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the year
1,050
Trade debtors
54,680
40,129
Other debtors
2,987
13,260
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
25,989
24,252
Trade creditors
14,620
18,321
Taxes and social security
17,079
11,607
Other creditors
896
1,429
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
12,750
-
10,263
2,487
8
Transactions with related parties
During the year interim dividends of £12,000 (2019: £12,750) were paid to the Mr Muhammad Sajid, a sole director and 100% shareholder of the company.
9
Average number of employees
During the year the average number of employees was 5 (2019: 5).