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Company Registration No. 04384010 (England and Wales)
INTEGRATED ELECTRONIC SECURITY LTD Unaudited accounts for the year ended 28 February 2023
INTEGRATED ELECTRONIC SECURITY LTD Unaudited accounts Contents
Page
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INTEGRATED ELECTRONIC SECURITY LTD Company Information for the year ended 28 February 2023
Directors
Alan BAKER William White WILSON
Secretary
William White WILSON
Company Number
04384010 (England and Wales)
Registered Office
BRITANNIA HOUSE 20 FALCON COURT BUSINESS PARK PRESTON FARM STOCKTON ON TEES TS18 3TX
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INTEGRATED ELECTRONIC SECURITY LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
119,710 
36,885 
Current assets
Inventories
74,800 
98,200 
Debtors
162,445 
100,490 
Cash at bank and in hand
710,561 
862,470 
947,806 
1,061,160 
Creditors: amounts falling due within one year
(268,638)
(579,384)
Net current assets
679,168 
481,776 
Net assets
798,878 
518,661 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
798,778 
518,561 
Shareholders' funds
798,878 
518,661 
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 28 November 2023 and were signed on its behalf by
Alan BAKER Director Company Registration No. 04384010
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INTEGRATED ELECTRONIC SECURITY LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
INTEGRATED ELECTRONIC SECURITY LTD is a private company, limited by shares, registered in England and Wales, registration number 04384010. The registered office is BRITANNIA HOUSE, 20 FALCON COURT BUSINESS PARK, PRESTON FARM, STOCKTON ON TEES, TS18 3TX.
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:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
30% reducing balance
Other tangible fixed assets
Leased asets over the shorter of useful life and lease term
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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INTEGRATED ELECTRONIC SECURITY LTD Notes to the Accounts for the year ended 28 February 2023
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
20,241 
82,336 
15,308 
16,517 
134,402 
Additions
503 
96,835 
- 
- 
97,338 
At 28 February 2023
20,744 
179,171 
15,308 
16,517 
231,740 
Depreciation
At 1 March 2022
20,215 
45,774 
15,118 
16,410 
97,517 
Charge for the year
159 
14,274 
48 
32 
14,513 
At 28 February 2023
20,374 
60,048 
15,166 
16,442 
112,030 
Net book value
At 28 February 2023
370 
119,123 
142 
75 
119,710 
At 28 February 2022
26 
36,562 
190 
107 
36,885 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
19,467 
Trade debtors
150,647 
81,023 
Deferred tax asset
8,546 
Accrued income and prepayments
3,252 
- 
162,445 
100,490 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
49,776 
- 
Trade creditors
17,275 
343,819 
Taxes and social security
99,094 
59,484 
Other creditors
46 
- 
Loans from directors
(16,391)
18,102 
Accruals
707 
- 
Deferred income
118,131 
157,979 
268,638 
579,384 
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INTEGRATED ELECTRONIC SECURITY LTD Notes to the Accounts for the year ended 28 February 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(8,546)
- 
2023 
2022 
£ 
£ 
Credited to the profit and loss account
(8,546)
- 
Provision at end of year
(8,546)
- 
Deferred tax is adjusted to 25% Corporation Tax rate and entered as a cumulative deferred tax including previous years' non recognised deferred taxation
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free loan repayable on demand
- 
6,848 
- 
6,848 
Interest free loan repayable on demand
- 
9,543 
- 
9,543 
- 
16,391 
- 
16,391 
The loan is repayable on demand and provided interest free
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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