Company registration number 10154677 (England and Wales)
THE MARK OF SECURITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
PAGES FOR FILING WITH REGISTRAR
THE MARK OF SECURITY LIMITED
CONTENTS
Page
Balance sheet
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 2022
- 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 2022 which comprise, the 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 at https://www.icaew.com/regulation
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
21 December 2022
Chartered Accountants
16 Gorselands Close
West Byfleet
Surrey
KT14 6PU
THE MARK OF SECURITY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2022
30 April 2022
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2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,230
3,230
Current assets
Cash at bank and in hand
23,767
23,767
Creditors: amounts falling due within one year
5
(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
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6
10,614
10,614
Total equity
10,714
10,714
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 April 2022 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 21 December 2022 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 2022
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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. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
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
Profit and loss account
is presented
in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets
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 at bank and in hand
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 2022
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2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2021 and 30 April 2022
4,752
Depreciation and impairment
At 1 May 2021 and 30 April 2022
1,522
Carrying amount
At 30 April 2022
3,230
At 30 April 2021
3,230
5
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
15,308
15,308
Other creditors
361
361
15,669
15,669