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REGISTERED NUMBER: 05053484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A J Senior
Mrs N V Senior
P Waite





SECRETARY: Mrs N V Senior





REGISTERED OFFICE: Unit 10, Low Moor Business Park
Common Road
Low Moor
Bradford
West Yorkshire
BD12 0NB





REGISTERED NUMBER: 05053484 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 93,306 85,658

CURRENT ASSETS
Stocks 10,000 12,000
Debtors 5 571,204 519,146
Cash at bank and in hand 44,900 5,970
626,104 537,116
CREDITORS
Amounts falling due within one year 6 (497,616 ) (436,425 )
NET CURRENT ASSETS 128,488 100,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,794

186,349

CREDITORS
Amounts falling due after more than
one year

7

(26,437

)

(45,355

)

PROVISIONS FOR LIABILITIES (17,728 ) (15,387 )
NET ASSETS 177,629 125,607

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 177,479 125,457
SHAREHOLDERS' FUNDS 177,629 125,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 August 2023 and were signed on its behalf by:





A J Senior - Director


SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Senior Electrical & Security Systems 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 205,923
Additions 29,242
Disposals (10,000 )
At 31 March 2023 225,165
DEPRECIATION
At 1 April 2022 120,265
Charge for year 20,648
Eliminated on disposal (9,054 )
At 31 March 2023 131,859
NET BOOK VALUE
At 31 March 2023 93,306
At 31 March 2022 85,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 54,990
DEPRECIATION
At 1 April 2022 28,018
Charge for year 6,743
At 31 March 2023 34,761
NET BOOK VALUE
At 31 March 2023 20,229
At 31 March 2022 26,972

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 526,850 465,983
Amounts recoverable on contract 8,385 4,455
Tax - 23,251
VAT 9,817 -
Prepayments and accrued income 26,152 25,457
571,204 519,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,248 33,248
Hire purchase contracts (see note 8) 8,311 9,278
Trade creditors 402,962 316,719
Tax 21,428 14,685
Social security and other taxes 17,758 9,144
VAT - 37,891
Other creditors 13,181 -
Pension creditor 2,004 2,400
Directors' current accounts 153 366
Directors' loan accounts 16,000 -
Accruals and deferred income 2,571 12,694
497,616 436,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,348 21,667
Hire purchase contracts (see note 8) 4,089 13,688
26,437 45,355

SENIOR ELECTRICAL & SECURITY SYSTEMS
LIMITED (REGISTERED NUMBER: 05053484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Gross obligations repayable:
Within one year 9,629 11,346
Between one and five years 4,698 16,699
14,327 28,045

Finance charges repayable:
Within one year 1,318 2,068
Between one and five years 609 3,011
1,927 5,079

Net obligations repayable:
Within one year 8,311 9,278
Between one and five years 4,089 13,688
12,400 22,966

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 12,400 22,966

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary 1 150 150