Registered number
03610434
ACT Security Systems Limited
Filleted Accounts
31 August 2023
ACT Security Systems Limited
Registered number: 03610434
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,040 6,720
Current assets
Debtors 4 232 3,003
Creditors: amounts falling due within one year 5 (75,646) (69,927)
Net current liabilities (75,414) (66,924)
Total assets less current liabilities (70,374) (60,204)
Creditors: amounts falling due after more than one year 6 (7,258) (11,000)
Net liabilities (77,632) (71,204)
Capital and reserves
Called up share capital 100 100
Profit and loss account (77,732) (71,304)
Shareholders' funds (77,632) (71,204)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M R Eastaugh
Director
Approved by the board on 2 April 2024
ACT Security Systems Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% RB
Motor 25% RB
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 28,515 8,750 37,265
At 31 August 2023 28,515 8,750 37,265
Depreciation
At 1 September 2022 24,431 6,114 30,545
Charge for the year 1,021 659 1,680
At 31 August 2023 25,452 6,773 32,225
Net book value
At 31 August 2023 3,063 1,977 5,040
At 31 August 2022 4,084 2,636 6,720
4 Debtors 2023 2022
£ £
Trade debtors 232 3,003
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 13,086 17,537
Trade creditors 7,209 4,281
Taxation and social security costs 309 40
Other creditors 55,042 48,069
75,646 69,927
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,258 11,000
7 Other information
ACT Security Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
Forest Edge, Salisbury Road
Shootash
Romsey
Hampshie
SO51 6GA
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