Company Registration No. 07519632 (England and Wales)
ASGS Security Services Limited
Unaudited accounts
for the year ended 28 February 2023
ASGS Security Services Limited
Unaudited accounts
Contents
ASGS Security Services Limited
Company Information
for the year ended 28 February 2023
Directors
Andrew Jason Shaw
Amy Elizabeth Shaw
Company Number
07519632 (England and Wales)
Registered Office
NBV Business Centre David Lane
Basford
Nottingham
Nottinghamshire
NG6 0JU
ENGLAND
Accountants
Net Accountancy Solutions Limited
35 Gripps Common
Cotgrave
Nottingham
Nottinghamshire
NG12 3TF
ASGS Security Services Limited
Statement of financial position
as at 28 February 2023
Tangible assets
61,525
25,491
Creditors: amounts falling due within one year
(48,025)
(35,124)
Net current assets
18,753
30,584
Total assets less current liabilities
80,278
56,075
Creditors: amounts falling due after more than one year
(67,422)
(41,922)
Provisions for liabilities
Deferred tax
(9,563)
(9,563)
Called up share capital
100
100
Profit and loss account
3,193
4,490
Shareholders' funds
3,293
4,590
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
Amy Elizabeth Shaw
Director
Company Registration No. 07519632
ASGS Security Services Limited
Notes to the Accounts
for the year ended 28 February 2023
ASGS Security Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07519632. The registered office is NBV Business Centre David Lane, Basford, Nottingham, Nottinghamshire, NG6 0JU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
ASGS Security Services Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2023
194,936
Charge for the year
19,374
At 28 February 2023
133,411
At 28 February 2023
61,525
At 28 February 2022
25,491
Amounts falling due within one year
Trade debtors
56,092
58,116
Other debtors
10,686
7,592
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
51,565
34,233
Taxes and social security
72,662
71,970
Other creditors
15,433
12,797
Loans from directors
(111,068)
(115,859)
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Creditors: amounts falling due after more than one year
2023
2022
Creditors include a £50,000 bounce back loan taken out as contingency funding during the pandemic. the balance outstanding at the end of the year was £38,889.
ASGS Security Services Limited
Notes to the Accounts
for the year ended 28 February 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loans repayable on demand
115,859
134,501
139,292
111,068
115,859
134,501
139,292
111,068
The loan was repaid within 9 months of the year end.
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Average number of employees
During the year the average number of employees was 17 (2022: 17).