Praesum Security Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10218869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 JUNE 2016 TO 30 JUNE 2017

FOR

PRAESUM SECURITY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E S Merrygold

REGISTERED OFFICE:

5th Floor

The Margolis Building

37 Turner Street

Manchester

M4 1DW

REGISTERED NUMBER:

10218869 (England and Wales)

ACCOUNTANTS:

Tree Accountancy Limited

Chartered Certified Accountants

5th Floor

The Margolis Building

37 Turner Street

Manchester

M4 1DW

FIXED ASSETS

Tangible assets

4

1,271

CURRENT ASSETS

Cash at bank

16,650

CREDITORS

Amounts falling due within one year

5

9,722

NET CURRENT ASSETS

6,928

TOTAL ASSETS LESS CURRENT LIABILITIES

8,199

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

7,999

SHAREHOLDERS' FUNDS

8,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2 March 2018 and were signed by:

E S Merrygold - Director

1.	STATUTORY INFORMATION

Praesum Security Services Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 10218869 and the registered office address is 5th Floor, The Margolis Building, 37 Turner Street,

Manchester, M4 1DW.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102. The

date of transition is 7 June 2016.

The transition has resulted in a small number of changes in accounting policies to those previously used.

The accounts have been prepared in accordance with FRS 102. There were no material departures from that standard.

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.

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,548

At 30 June 2017

1,548

DEPRECIATION

Charge for period

277

At 30 June 2017

277

NET BOOK VALUE

At 30 June 2017

1,271

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

7,816

Other creditors

1,906

9,722