Company Registration No. 10154677 (England and Wales)
THE MARK OF SECURITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020
PAGES FOR FILING WITH REGISTRAR
THE MARK OF SECURITY LIMITED
CONTENTS
Page
Statement of financial position
2
Notes to the financial statements
3 - 4
THE MARK OF SECURITY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE MARK OF SECURITY LIMITED FOR THE YEAR ENDED 30 APRIL 2020
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Mark Of Security Limited for the year ended 30 April 2020 which comprise, the statement of financial position 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of The Mark Of Security Limited, as a body, in accordance with the terms of our engagement letter dated 2 July 2016. Our work has been undertaken solely to prepare for your approval the financial statements of The Mark Of Security Limited
and state those matters that we have agreed to state to the Board of Directors of The Mark Of Security Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mark Of Security Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that The Mark Of Security Limited 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 result
of The Mark Of Security Limited. You consider that The Mark Of Security Limited 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 The Mark Of Security Limited. 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.
Dartnell Accounting Limited
20 January 2021
Chartered Accountants
16 Gorselands Close
West Byfleet
Surrey
KT14 6PU
THE MARK OF SECURITY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2020
30 April 2020
- 2 -
2020
2019
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
3,230
3,230
Current assets
Cash and cash equivalents
23,767
23,767
Current liabilities
4
(15,669)
(15,669)
Net current assets
8,098
8,098
Total assets less current liabilities
11,328
11,328
Provisions for liabilities
(614)
(614)
Net assets
10,714
10,714
Equity
Called up share capital
100
100
Retained earnings
5
10,614
10,614
Total equity
10,714
10,714
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 April 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 January 2021 and are signed on its behalf by:
Mr M A Brown
Director
Company Registration No. 10154677
THE MARK OF SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020
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1
Accounting policies
Company information
The Mark Of Security Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Norfolk Farm Cottage, 19 Norfolk Farm Road, Pyrford, Surrey, GU22 8LH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Income statement
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no Income statement is presented
in these financial statements.
1.3
Property, plant and equipment
Property, plant and equipment
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
Computers
3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
THE MARK OF SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2020
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 May 2019 and 30 April 2020
4,752
Depreciation and impairment
At 1 May 2019 and 30 April 2020
1,522
Carrying amount
At 30 April 2020
3,230
At 30 April 2019
3,230
4
Current liabilities
2020
2019
£
£
Corporation tax
15,308
15,308
Other payables
361
361
15,669
15,669