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REGISTERED NUMBER: 03110764 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Security Surveillance Systems Limited

Security Surveillance Systems Limited (Registered number: 03110764)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Security Surveillance Systems Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M A Fitzgerald





SECRETARY: Mrs K L Fitzgerald





REGISTERED OFFICE: Boundary Farm Complex
Grave Yard Lane
Bickerstaffe
Lancashire
L39 9EG





REGISTERED NUMBER: 03110764 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

Security Surveillance Systems Limited (Registered number: 03110764)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,374 123,547
Investments 5 100 100
101,474 123,647

CURRENT ASSETS
Stocks 301,360 212,511
Debtors 6 456,745 386,541
Cash at bank 143,125 149,225
901,230 748,277
CREDITORS
Amounts falling due within one year 7 578,864 476,307
NET CURRENT ASSETS 322,366 271,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,840

395,617

CREDITORS
Amounts falling due after more than one
year

8

(36,662

)

(68,219

)

PROVISIONS FOR LIABILITIES (25,344 ) (23,474 )
NET ASSETS 361,834 303,924

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 361,832 303,922
SHAREHOLDERS' FUNDS 361,834 303,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Security Surveillance Systems Limited (Registered number: 03110764)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 July 2024 and were signed by:





M A Fitzgerald - Director


Security Surveillance Systems Limited (Registered number: 03110764)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Security Surveillance 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Security Surveillance Systems Limited (Registered number: 03110764)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 33 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 24,200 163,487 19,620
Additions - 2,500 -
At 31 October 2023 24,200 165,987 19,620
DEPRECIATION
At 1 November 2022 - 148,486 17,602
Charge for year - 4,137 530
At 31 October 2023 - 152,623 18,132
NET BOOK VALUE
At 31 October 2023 24,200 13,364 1,488
At 31 October 2022 24,200 15,001 2,018

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 218,672 53,719 479,698
Additions - 957 3,457
At 31 October 2023 218,672 54,676 483,155
DEPRECIATION
At 1 November 2022 144,594 45,469 356,151
Charge for year 18,519 2,444 25,630
At 31 October 2023 163,113 47,913 381,781
NET BOOK VALUE
At 31 October 2023 55,559 6,763 101,374
At 31 October 2022 74,078 8,250 123,547

Security Surveillance Systems Limited (Registered number: 03110764)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 100
NET BOOK VALUE
At 31 October 2023 100
At 31 October 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 251,210 261,667
Other debtors 205,535 124,874
456,745 386,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 4,754
Hire purchase contracts 28,707 26,057
Trade creditors 265,213 182,406
Amounts owed to associates 850 8,182
Taxation and social security 200,792 212,350
Other creditors 83,302 42,558
578,864 476,307

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 2,773 28,775
Other creditors 33,889 39,444
36,662 68,219

Security Surveillance Systems Limited (Registered number: 03110764)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Other loans 38,889 49,737
Hire purchase contracts 31,480 54,832
70,369 104,569

On 20th October 2017, a debenture containing fixed and floating charges, covering all the properties or undertakings of the company was raised in favour of Lloyds Bank PLC.

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr M A Fitzgerald and Mrs K L Fitzgerald by virtue they own equally the issued share capital of the company.