Guardforce Security Services Limited - Accounts to registrar (filleted) - small 18.2

Guardforce Security Services Limited - Accounts to registrar (filleted) - small 18.2

GUARDFORCE SECURITY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 02879868 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GUARDFORCE SECURITY SERVICES LIMITED
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GUARDFORCE SECURITY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: M Iqbal
E Watts





REGISTERED OFFICE: Guardforce House
Dukes Yard, Shakespeare Industrial Est.
Acme Road
Watford
WD24 5AL





REGISTERED NUMBER: 02879868 (England and Wales)





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL
Page 1
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,209 23,154

CURRENT ASSETS
Stocks 147,665 107,775
Debtors 5 94,032 63,852
Cash at bank and in hand 32,236 114,891
273,933 286,518
CREDITORS
Amounts falling due within one year 6 228,926 192,237
NET CURRENT ASSETS 45,007 94,281
TOTAL ASSETS LESS CURRENT
LIABILITIES
74,216
117,435

PROVISIONS FOR LIABILITIES 460 1,020
NET ASSETS 73,756 116,415

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 73,556 116,215
SHAREHOLDERS' FUNDS 73,756 116,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)

BALANCE SHEET - continued
31 DECEMBER 2017


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 Board of Directors on 21 September 2018 and were
signed on its behalf by:





M Iqbal - Director


The notes form part of these financial statements

Page 3
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Guardforce Security Services Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be
found on the Company Information page.

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.

Turnover
Turnover represents amounts receivable for provision of services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.


Page 4 continued...
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued
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
year 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.

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 year was 44 (2016 - 42 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 103,078
Additions 25,238
Disposals (15,441 )
At 31 December 2017 112,875
DEPRECIATION
At 1 January 2017 79,924
Charge for year 7,302
Eliminated on disposal (3,560 )
At 31 December 2017 83,666
NET BOOK VALUE
At 31 December 2017 29,209
At 31 December 2016 23,154

Page 5 continued...
GUARDFORCE SECURITY SERVICES LIMITED (REGISTERED NUMBER: 02879868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Trade debtors 82,203 47,291
Other debtors 11,829 16,561
94,032 63,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Trade creditors 30,916 20,806
Taxation and social security 96,197 82,932
Other creditors 101,813 88,499
228,926 192,237

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr. M Iqbal and Mr. E Watts who each owns 45% of the
issued share capital.

Page 6
GUARDFORCE SECURITY SERVICES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GUARDFORCE SECURITY SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2017 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


21 September 2018

This page does not form part of the statutory financial statements

Page 7