IRIS Accounts Production v23.3.1.45 02722048 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027220482022-05-31027220482023-05-31027220482022-06-012023-05-31027220482021-05-31027220482021-06-012022-05-31027220482022-05-3102722048ns16:EnglandWales2022-06-012023-05-3102722048ns15:PoundSterling2022-06-012023-05-3102722048ns11:Director12022-06-012023-05-3102722048ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3102722048ns11:SmallEntities2022-06-012023-05-3102722048ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3102722048ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102722048ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3102722048ns11:FullAccounts2022-06-012023-05-3102722048ns11:OrdinaryShareClass12022-06-012023-05-3102722048ns11:OrdinaryShareClass22022-06-012023-05-3102722048ns11:OrdinaryShareClass32022-06-012023-05-3102722048ns11:Director22022-06-012023-05-3102722048ns11:Director32022-06-012023-05-3102722048ns11:RegisteredOffice2022-06-012023-05-3102722048ns6:CurrentFinancialInstruments2023-05-3102722048ns6:CurrentFinancialInstruments2022-05-3102722048ns6:Non-currentFinancialInstruments2023-05-3102722048ns6:Non-currentFinancialInstruments2022-05-3102722048ns6:ShareCapital2023-05-3102722048ns6:ShareCapital2022-05-3102722048ns6:CapitalRedemptionReserve2023-05-3102722048ns6:CapitalRedemptionReserve2022-05-3102722048ns6:RetainedEarningsAccumulatedLosses2023-05-3102722048ns6:RetainedEarningsAccumulatedLosses2022-05-3102722048ns6:FurnitureFittings2022-06-012023-05-3102722048ns6:MotorVehicles2022-06-012023-05-3102722048ns6:ComputerEquipment2022-06-012023-05-3102722048ns6:FurnitureFittings2022-05-3102722048ns6:MotorVehicles2022-05-3102722048ns6:ComputerEquipment2022-05-3102722048ns6:FurnitureFittings2023-05-3102722048ns6:MotorVehicles2023-05-3102722048ns6:ComputerEquipment2023-05-3102722048ns6:FurnitureFittings2022-05-3102722048ns6:MotorVehicles2022-05-3102722048ns6:ComputerEquipment2022-05-3102722048ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-05-3102722048ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-06-012023-05-3102722048ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-05-3102722048ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-05-3102722048ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3102722048ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3102722048ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-05-3102722048ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-05-3102722048ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-05-3102722048ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-05-3102722048ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-05-3102722048ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-05-3102722048ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-05-3102722048ns6:HirePurchaseContracts2023-05-3102722048ns6:HirePurchaseContracts2022-05-3102722048ns6:WithinOneYear2023-05-3102722048ns6:WithinOneYear2022-05-3102722048ns6:BetweenOneFiveYears2023-05-3102722048ns6:BetweenOneFiveYears2022-05-3102722048ns6:AllPeriods2023-05-3102722048ns6:AllPeriods2022-05-3102722048ns6:DeferredTaxation2022-05-3102722048ns6:DeferredTaxation2023-05-3102722048ns11:OrdinaryShareClass12023-05-3102722048ns11:OrdinaryShareClass22023-05-3102722048ns11:OrdinaryShareClass32023-05-3102722048ns6:RetainedEarningsAccumulatedLosses2022-05-3102722048ns6:CapitalRedemptionReserve2022-05-3102722048ns6:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 02722048 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

ADMIRAL SECURITY SYSTEMS LIMITED

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADMIRAL SECURITY SYSTEMS LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A J Austin
P S Burchell
A D Gerrard





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 02722048 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Balance Sheet
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,771 43,824

CURRENT ASSETS
Stocks 13,736 14,882
Debtors 5 249,679 198,141
Cash at bank and in hand 43,254 47,887
306,669 260,910
CREDITORS
Amounts falling due within one year 6 199,247 147,471
NET CURRENT ASSETS 107,422 113,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,193

157,263

CREDITORS
Amounts falling due after more than one
year

7

(43,246

)

(13,455

)

PROVISIONS FOR LIABILITIES 11 (6,417 ) (8,327 )
NET ASSETS 91,530 135,481

CAPITAL AND RESERVES
Called up share capital 12 11,251 13,502
Capital redemption reserve 13 6,751 4,500
Retained earnings 13 73,528 117,479
SHAREHOLDERS' FUNDS 91,530 135,481

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.

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

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.

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 6 October 2023 and were signed on its behalf by:





P S Burchell - Director


ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Admiral 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 net invoiced sales of goods and work done, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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
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.

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 27,665 77,975 52,864 158,504
DEPRECIATION
At 1 June 2022 26,195 43,176 45,309 114,680
Charge for year 220 8,699 1,134 10,053
At 31 May 2023 26,415 51,875 46,443 124,733
NET BOOK VALUE
At 31 May 2023 1,250 26,100 6,421 33,771
At 31 May 2022 1,470 34,799 7,555 43,824

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 70,685
DEPRECIATION
At 1 June 2022 38,961
Charge for year 7,931
At 31 May 2023 46,892
NET BOOK VALUE
At 31 May 2023 23,793
At 31 May 2022 31,724

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 227,925 150,632
Other debtors 18,876 44,631
Prepayments & Accrued income 2,878 2,878
249,679 198,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 8) 36,000 -
Hire purchase contracts (see note 9) 7,200 13,395
Trade creditors 88,427 43,735
Tax 11,670 45,960
Social security and other taxes 10,330 5,077
VAT 32,049 29,884
Other creditors 13,571 9,420
199,247 147,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 8) 36,991 -
Hire purchase contracts (see note 9) 6,255 13,455
43,246 13,455

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 36,000 -

Amounts falling due between one and two years:
Other loans - 1-2 years 36,000 -

Amounts falling due between two and five years:
Other loans - 2-5 years 991 -

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,200 13,395
Between one and five years 6,255 13,455
13,455 26,850

Non-cancellable operating leases
2023 2022
£    £   
Within one year 159 2,549
Between one and five years - 160
159 2,709

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,455 26,850

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,417 8,327

Deferred
tax
£   
Balance at 1 June 2022 8,327
Accelerated capital allowances (1,910 )
Balance at 31 May 2023 6,417

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
13,500 Ordinary A £1 11,250 13,500
1 Ordinary B £1 1 1
1 Ordinary C £1 - 1
11,251 13,502

ADMIRAL SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 02722048)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2022 117,479 4,500 121,979
Profit for the year 41,048 41,048
Purchase of own shares (84,999 ) 2,251 (82,748 )
At 31 May 2023 73,528 6,751 80,279

14. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.