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REGISTERED NUMBER: 03938360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

GLEVUM SECURITY LIMITED

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLEVUM SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: M C Baker
S J Barnett





SECRETARY: M C Baker





REGISTERED OFFICE: 16 Wheatstone Court
Davy Way
Waterwells Business Park, Quedgeley
Gloucester
Glos
GL2 2AQ





REGISTERED NUMBER: 03938360 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,508 40,485

CURRENT ASSETS
Debtors 5 305,525 268,390
Cash at bank and in hand 5,402 12,429
310,927 280,819
CREDITORS
Amounts falling due within one year 6 412,819 385,324
NET CURRENT LIABILITIES (101,892 ) (104,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,384

)

(64,020

)

CREDITORS
Amounts falling due after more than one
year

7

32,533

40,654
NET LIABILITIES (100,917 ) (104,674 )

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings (140,917 ) (144,674 )
SHAREHOLDERS' FUNDS (100,917 ) (104,674 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 December 2017 and were signed on
its behalf by:




S J Barnett - Director



M C Baker - Director


GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

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

1. STATUTORY INFORMATION

Glevum Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 are the first financial statements that comply with FRS 102 Section 1A. The
date of transition is 1 April 2015.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

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.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to
continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2016 3,795 57,935 16,495 67,053 145,278
Additions - - - 736 736
At 31 March 2017 3,795 57,935 16,495 67,789 146,014
DEPRECIATION
At 1 April 2016 2,993 43,533 5,443 52,824 104,793
Charge for year 120 2,160 495 4,938 7,713
At 31 March 2017 3,113 45,693 5,938 57,762 112,506
NET BOOK VALUE
At 31 March 2017 682 12,242 10,557 10,027 33,508
At 31 March 2016 802 14,402 11,052 14,229 40,485

The net book value of tangible fixed assets includes £ 10,557 (2016 - £ 11,052 ) in respect of assets
held under hire purchase contracts.

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 260,201 235,814
Other debtors 3,000 2,857
S455 Tax 5,944 5,234
Directors' loan accounts 21,988 16,035
Prepayments and accrued income 14,392 8,450
305,525 268,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 3,452 3,121
Trade creditors 66,895 65,298
Corporation Tax 63 110
Social security and other taxes 9,172 15,298
Pension control 6,159 -
VAT 62,459 55,198
Wages Control 670 -
Invoice Factors 190,387 185,487
Other Creditors 1,935 -
Accruals and deferred income 66,627 55,812
412,819 385,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans - over 5 years 7,083 12,083
Hire purchase contracts 5,450 8,571
32,533 40,654

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 7,083 12,083

8. SECURED DEBTS

Lloyds TSB Commercial Finance Limited have a debenture in place as a fixed and floating charge over
the undertaking and all property and assets present and future including goodwill, book debts, uncalled
capital, buildings, fixtures and fixed plant and machinery.

Lloyds TSB bank PLC have a charge over the company which include both fixed and floating charges.
The floating charge covers all the property or undertaking of the company.

GLEVUM SECURITY LIMITED (REGISTERED NUMBER: 03938360)

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

9. TRANSACTIONS WITH DIRECTORS

Mr M C Baker, director of Glevum Security Ltd, owed the company £10,596 at the balance sheet date
(2016: £6,664).

Mr S J Barnett, director of Glevum Security Ltd, owed the company £11,393 at the balance sheet date
(2016: £9,371).