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REGISTERED NUMBER: 06234594 (England and Wales)















APPROVED SECURITY SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






APPROVED SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 06234594)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


APPROVED SECURITY SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr Jabar Masood





REGISTERED OFFICE: 18 - 22 Stoney Lane
Yardley
Birmingham
West Midlands
B25 8YP





BUSINESS ADDRESS: 65 Summer Lane
Birmingham
West Midlands
B19 3NG





REGISTERED NUMBER: 06234594 (England and Wales)





ACCOUNTANTS: Shareef & Co
Chartered Accountants
18 - 22 Stoney Lane
Yardley
Birmingham
West Midlands
B25 8YP

APPROVED SECURITY SYSTEMS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
APPROVED SECURITY SYSTEMS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shareef & Co
Chartered Accountants
18 - 22 Stoney Lane
Yardley
Birmingham
West Midlands
B25 8YP


9 October 2023

APPROVED SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 06234594)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,628 72,413

CURRENT ASSETS
Stocks 13,167 12,598
Debtors 5 465,256 529,221
Cash at bank and in hand 152,802 130,412
631,225 672,231
CREDITORS
Amounts falling due within one year 6 652,398 610,719
NET CURRENT (LIABILITIES)/ASSETS (21,173 ) 61,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,455

133,925

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 39,454 133,924
SHAREHOLDERS' FUNDS 39,455 133,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 October 2023 and were signed by:




Mr Jabar Masood - Director


APPROVED SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 06234594)

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


1. STATUTORY INFORMATION

Approved 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.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 20% 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 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.

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.

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.

APPROVED SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 06234594)

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


2. ACCOUNTING POLICIES - continued

Deferred income
The company received a capital grant towards the cost of computer equipment purchased during the year ended 31 May 2018.

In accordance with Companies Act 2006 the total cost of the equipment has been included in fixed assets.

The amount of the grant has been included in Deferred Income. The Deferred Income will be credited to the Profit and Loss Account over 5 years in accordance with the depreciation policy relating to the fixed asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 7,235 257,236 264,471
Additions - 2,649 2,649
At 31 May 2023 7,235 259,885 267,120
DEPRECIATION
At 1 June 2022 7,235 184,823 192,058
Charge for year - 14,434 14,434
At 31 May 2023 7,235 199,257 206,492
NET BOOK VALUE
At 31 May 2023 - 60,628 60,628
At 31 May 2022 - 72,413 72,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 419,484 195,771
Amounts owed by group undertakings 18,846 299,846
Other debtors 26,926 33,604
465,256 529,221

APPROVED SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 06234594)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 137,117 105,298
Amounts owed to group undertakings 90,263 118,220
Amounts owed to connected companies 16,000 -
Taxation and social security 193,801 175,264
Other creditors 215,217 211,937
652,398 610,719