Registered number
07062452
A Plus Security Limited
Unaudited Filleted Accounts
31 October 2023
A Plus Security Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of A Plus Security Limited for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A Plus Security Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of A Plus Security Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A Plus Security Limited and state those matters that we have agreed to state to the Board of Directors of A Plus Security Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Plus Security Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A Plus Security Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A Plus Security Limited. You consider that A Plus Security Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A Plus Security Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Buckley Watson Limited
Chartered Accountants and Statutory Auditors
57a Broadway
Leigh on Sea
Essex
SS9 1PE
31 July 2024
A Plus Security Limited
Registered number: 07062452
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 62,218 30,243
Current assets
Stocks 14,475 16,700
Debtors 4 525,019 213,371
Cash at bank and in hand 306,694 615,823
846,188 845,894
Creditors: amounts falling due within one year 5 (294,379) (297,182)
Net current assets 551,809 548,712
Total assets less current liabilities 614,027 578,955
Creditors: amounts falling due after more than one year 6 (54,758) (105,918)
Net assets 559,269 473,037
Capital and reserves
Called up share capital 175 175
Profit and loss account 559,094 472,862
Shareholders' funds 559,269 473,037
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.
A Topping
Director
Approved by the board on 31 July 2024
A Plus Security Limited
Notes to the Accounts
for the year ended 31 October 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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 36,971 62,955 99,926
Additions - 57,309 57,309
Disposals - (18,000) (18,000)
At 31 October 2023 36,971 102,264 139,235
Depreciation
At 1 November 2022 30,345 39,338 69,683
Charge for the year - 16,431 16,431
On disposals - (9,097) (9,097)
At 31 October 2023 30,345 46,672 77,017
Net book value
At 31 October 2023 6,626 55,592 62,218
At 31 October 2022 6,626 23,617 30,243
4 Debtors 2023 2022
£ £
Trade debtors 525,019 213,371
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 70,945 67,573
Obligations under finance lease and hire purchase contracts 17,601 8,544
Trade creditors 132,246 108,843
Taxation and social security costs 71,746 110,663
Other creditors 1,841 1,559
294,379 297,182
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,383 105,329
Obligations under finance lease and hire purchase contracts 20,375 589
54,758 105,918
7 Other information
A Plus Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Crouchmans Business Yard
Poynters Lane
Great Wakering
Essex
SS3 9TS
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