Registered number
09441156
Remote Surveillance Ltd
Filleted Accounts
31 December 2023
Adams Root Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
Remote Surveillance Ltd
Registered number: 09441156
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,921 5,007
Tangible assets 4 214,148 260,443
216,069 265,450
Current assets
Debtors 5 816,336 473,828
Cash at bank and in hand 543,832 596,315
1,360,168 1,070,143
Creditors: amounts falling due within one year 6 (528,149) (469,518)
Net current assets 832,019 600,625
Total assets less current liabilities 1,048,088 866,075
Creditors: amounts falling due after more than one year 7 (18,311) (30,511)
Net assets 1,029,777 835,564
Capital and reserves
Called up share capital 345,900 345,900
Profit and loss account 683,877 489,664
Shareholders' funds 1,029,777 835,564
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.
J Leventhal
Director
Approved by the board on 24 March 2024
Remote Surveillance Ltd
Notes to the Accounts
for the year ended 31 December 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Office equipment 33.33% straight line
Plant and machinery 20% straight line
Motor vehicles 25% straight line
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 11,609
At 31 December 2023 11,609
Amortisation
At 1 January 2023 6,602
Provided during the year 3,086
At 31 December 2023 9,688
Net book value
At 31 December 2023 1,921
At 31 December 2022 5,007
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 and 3 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 January 2023 634,067 57,164 691,231
Additions 19,599 89,694 109,293
Disposals - (50,540) (50,540)
At 31 December 2023 653,666 96,318 749,984
Depreciation
At 1 January 2023 410,513 20,275 430,788
Charge for the year 99,343 24,871 124,214
On disposals - (19,166) (19,166)
At 31 December 2023 509,856 25,980 535,836
Net book value
At 31 December 2023 143,810 70,338 214,148
At 31 December 2022 223,554 36,889 260,443
5 Debtors 2023 2022
£ £
Trade debtors 368,318 287,677
Other debtors 448,018 186,151
816,336 473,828
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,200 12,200
Trade creditors 287,311 253,939
Taxation and social security costs 220,417 123,911
Other creditors 8,221 79,468
528,149 469,518
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,311 30,511
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Leventhal
This loan is interest free and there is no fixed date for repayment. (103,493) (344,040) - (447,533)
(103,493) (344,040) - (447,533)
9 Related party transactions
Remote Surveillance Monitoring Ltd (RSM) is a shareholder in Remote Surveillance Ltd (RS). During the year, transactions were made at arms length of £200,306. As at the Balance sheet date RSM owed RM £112,541
10 Controlling party
The company is under the control of Remote Surveillance Monitoring Ltd.
11 Other information
Remote Surveillance Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 St Andrews Trading Estate
Thirdway
Avonmouth
Bristol
BS11 9YE
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