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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
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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
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ASGS Security Services Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,525 
25,491 
Current assets
Debtors
66,778 
65,708 
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)
Net assets
3,293 
4,590 
Capital and reserves
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
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ASGS Security Services Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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
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.
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ASGS Security Services Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
139,528 
Additions
55,408 
At 28 February 2023
194,936 
Depreciation
At 1 March 2022
114,037 
Charge for the year
19,374 
At 28 February 2023
133,411 
Net book value
At 28 February 2023
61,525 
At 28 February 2022
25,491 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,092 
58,116 
Other debtors
10,686 
7,592 
66,778 
65,708 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
51,565 
34,233 
Trade creditors
798 
1,129 
Taxes and social security
72,662 
71,970 
Other creditors
15,433 
12,797 
Loans from directors
(111,068)
(115,859)
Accruals
18,635 
30,854 
48,025 
35,124 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
67,422 
41,922 
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.
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ASGS Security Services Limited Notes to the Accounts for the year ended 28 February 2023
8
Loans to directors
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.
9
Average number of employees
During the year the average number of employees was 17 (2022: 17).
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