IRIS Accounts Production v23.3.1.45 01661114 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016611142022-05-31016611142023-05-31016611142022-06-012023-05-31016611142021-05-31016611142021-06-012022-05-31016611142022-05-3101661114ns10:Originalns15:EnglandWales2022-06-012023-05-3101661114ns14:PoundSterlingns10:Original2022-06-012023-05-3101661114ns10:Originalns10:Director12022-06-012023-05-3101661114ns10:Original2022-06-012023-05-3101661114ns10:Original2023-05-3101661114ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3101661114ns10:Originalns10:SmallEntities2022-06-012023-05-3101661114ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3101661114ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3101661114ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3101661114ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3101661114ns10:Original12022-06-012023-05-3101661114ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3101661114ns10:Originalns10:Director22022-06-012023-05-3101661114ns10:Originalns10:Director32022-06-012023-05-3101661114ns10:Originalns10:Director42022-06-012023-05-3101661114ns10:CompanySecretary1ns10:Original2022-06-012023-05-3101661114ns10:Originalns10:RegisteredOffice2022-06-012023-05-3101661114ns10:Original2022-05-3101661114ns10:Originalns5:CurrentFinancialInstruments2023-05-3101661114ns10:Originalns5:CurrentFinancialInstruments2022-05-3101661114ns10:Originalns5:Non-currentFinancialInstruments2023-05-3101661114ns10:Originalns5:Non-currentFinancialInstruments2022-05-3101661114ns5:ShareCapitalns10:Original2023-05-3101661114ns5:ShareCapitalns10:Original2022-05-3101661114ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3101661114ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3101661114ns10:Originalns5:NetGoodwill2022-06-012023-05-3101661114ns10:Originalns5:FurnitureFittings2022-06-012023-05-3101661114ns10:Originalns5:MotorVehicles2022-06-012023-05-3101661114ns10:Originalns5:ComputerEquipment2022-06-012023-05-3101661114ns10:Original2021-06-012022-05-3101661114ns10:Original2022-05-3101661114ns10:Originalns10:OrdinaryShareClass12023-05-31016611141ns10:Original2022-06-012023-05-31
REGISTERED NUMBER: 01661114 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Specialised Security Systems Limited

Specialised Security Systems Limited (Registered number: 01661114)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Specialised Security Systems Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: A A Carmichael
Mrs A P Carmichael
Mrs A C Carmichael
J A Carmichael





SECRETARY: Mrs A C Carmichael





REGISTERED OFFICE: Carmichael House
The Green
Inkberrow
Worcestershire
WR7 4DZ





REGISTERED NUMBER: 01661114 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Specialised Security Systems Limited (Registered number: 01661114)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,095 27,095
Tangible assets 5 35,589 16,029
50,684 43,124

CURRENT ASSETS
Stocks 102,609 100,883
Debtors 174,589 158,731
Cash at bank 6,205 23,438
283,403 283,052
CREDITORS
Amounts falling due within one year 255,957 232,181
NET CURRENT ASSETS 27,446 50,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,130

93,995

CREDITORS
Amounts falling due after more than one
year

51,449

61,542
NET ASSETS 26,681 32,453

CAPITAL AND RESERVES
Called up share capital 6 25,000 25,000
Retained earnings 1,681 7,453
SHAREHOLDERS' FUNDS 26,681 32,453

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 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.

Specialised Security Systems Limited (Registered number: 01661114)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2024 and were signed on its behalf by:





J A Carmichael - Director


Specialised Security Systems Limited (Registered number: 01661114)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Specialised 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a contract base in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation.

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.

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.

Specialised Security Systems Limited (Registered number: 01661114)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 135,095
AMORTISATION
At 1 June 2022 108,000
Amortisation for year 12,000
At 31 May 2023 120,000
NET BOOK VALUE

At 31 May 2023 15,095
At 31 May 2022 27,095

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 118,574
Additions 31,479
At 31 May 2023 150,053
DEPRECIATION
At 1 June 2022 102,545
Charge for year 11,919
At 31 May 2023 114,464
NET BOOK VALUE
At 31 May 2023 35,589
At 31 May 2022 16,029

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the directors, by virtue of their ownership of the majority of
the shares in the company.