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REGISTERED NUMBER: 04527548















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COTSWOLD SECURITY SYSTEMS LTD

COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)






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


COTSWOLD SECURITY SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G Storey
Mr M Storey
Mrs J E Storey





SECRETARY: Mrs J E Storey





REGISTERED OFFICE: Elizabeth House
Witney Lane
Leafield
WITNEY
Oxfordshire
OX29 9PG





REGISTERED NUMBER: 04527548





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,495 20,313

CURRENT ASSETS
Stocks 3,890 4,470
Debtors 5 39,228 50,299
Cash at bank 318,227 268,496
361,345 323,265
CREDITORS
Amounts falling due within one year 6 124,986 112,048
NET CURRENT ASSETS 236,359 211,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,854

231,530

PROVISIONS FOR LIABILITIES 7 6,168 1,219
NET ASSETS 267,686 230,311

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 267,586 230,211
SHAREHOLDERS' FUNDS 267,686 230,311

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.

COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)

BALANCE SHEET - continued
31 MARCH 2023


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 25 December 2023 and were signed on its behalf by:




Mr G Storey - Director



Mr M Storey - Director


COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)

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

1. STATUTORY INFORMATION

Cotswold Security Systems Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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 each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,974 2,797 118,060 6,541 131,372
Additions - 6,171 27,000 674 33,845
Disposals - - (14,235 ) - (14,235 )
At 31 March 2023 3,974 8,968 130,825 7,215 150,982
DEPRECIATION
At 1 April 2022 3,974 2,797 97,747 6,541 111,059
Charge for year - 1,235 10,702 222 12,159
Eliminated on disposal - - (9,731 ) - (9,731 )
At 31 March 2023 3,974 4,032 98,718 6,763 113,487
NET BOOK VALUE
At 31 March 2023 - 4,936 32,107 452 37,495
At 31 March 2022 - - 20,313 - 20,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 35,515 47,008
Prepayments 3,713 3,291
39,228 50,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 2,500
Trade creditors 9,014 3,146
Tax 17,886 18,468
Social security and other taxes 348 588
VAT 9,603 9,696
Monitoring & maintenance fees received
in advance

47,928

42,716
Directors' current accounts 36,534 27,628
Accrued expenses 3,673 7,306
124,986 112,048

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 6,168 1,219

COTSWOLD SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04527548)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 1,219
Provided during year 4,949
Balance at 31 March 2023 6,168

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100