Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312398The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.152023-01-01falseNo description of principal activity19truetruefalse 04586739 2023-01-01 2023-12-31 04586739 2022-01-01 2022-12-31 04586739 2023-12-31 04586739 2022-12-31 04586739 c:Director1 2023-01-01 2023-12-31 04586739 d:Buildings 2023-01-01 2023-12-31 04586739 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 04586739 d:Buildings d:ShortLeaseholdAssets 2023-12-31 04586739 d:Buildings d:ShortLeaseholdAssets 2022-12-31 04586739 d:PlantMachinery 2023-01-01 2023-12-31 04586739 d:PlantMachinery 2023-12-31 04586739 d:PlantMachinery 2022-12-31 04586739 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04586739 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04586739 d:MotorVehicles 2023-01-01 2023-12-31 04586739 d:MotorVehicles 2023-12-31 04586739 d:MotorVehicles 2022-12-31 04586739 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04586739 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04586739 d:FurnitureFittings 2023-01-01 2023-12-31 04586739 d:FurnitureFittings 2023-12-31 04586739 d:FurnitureFittings 2022-12-31 04586739 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04586739 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04586739 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04586739 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04586739 d:Goodwill 2023-12-31 04586739 d:Goodwill 2022-12-31 04586739 d:CurrentFinancialInstruments 2023-12-31 04586739 d:CurrentFinancialInstruments 2022-12-31 04586739 d:Non-currentFinancialInstruments 2023-12-31 04586739 d:Non-currentFinancialInstruments 2022-12-31 04586739 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04586739 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04586739 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04586739 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04586739 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04586739 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04586739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04586739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04586739 d:ShareCapital 2023-12-31 04586739 d:ShareCapital 2022-12-31 04586739 d:RetainedEarningsAccumulatedLosses 2023-12-31 04586739 d:RetainedEarningsAccumulatedLosses 2022-12-31 04586739 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04586739 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04586739 c:FRS102 2023-01-01 2023-12-31 04586739 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04586739 c:FullAccounts 2023-01-01 2023-12-31 04586739 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04586739 d:WithinOneYear 2023-12-31 04586739 d:WithinOneYear 2022-12-31 04586739 d:BetweenOneFiveYears 2023-12-31 04586739 d:BetweenOneFiveYears 2022-12-31 04586739 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 04586739 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 04586739 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 04586739 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 04586739 2 2023-01-01 2023-12-31 04586739 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 04586739 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 04586739 d:LeasedAssetsHeldAsLessee 2023-12-31 04586739 d:LeasedAssetsHeldAsLessee 2022-12-31 04586739 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04586739









OAKPARK ALARMS SECURITY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
REGISTERED NUMBER: 04586739

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 5 
113,954
65,260

  
113,954
65,260

Current assets
  

Stocks
 6 
71,868
44,538

Debtors: amounts falling due within one year
 7 
377,450
389,780

Cash at bank and in hand
 8 
131,872
48,315

  
581,190
482,633

Creditors: amounts falling due within one year
 9 
(296,139)
(292,065)

Net current assets
  
 
 
285,051
 
 
190,568

Total assets less current liabilities
  
399,005
255,828

Creditors: amounts falling due after more than one year
 10 
(40,747)
(30,082)

Provisions for liabilities
  

Deferred tax
 13 
(22,424)
(9,863)

  
 
 
(22,424)
 
 
(9,863)

Net assets
  
335,834
215,883


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
335,734
215,783

  
335,834
215,883


Page 1

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
REGISTERED NUMBER: 04586739
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A H Goosey
Director

Date: 6 August 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Oakpark Alarms Security Services Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Unit 4, Addington Business Park, Addington, Buckingham, Buckinghamshire, MK18 2JX.
The company's principal activity is that of security and fire services.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Page 3

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis..

Depreciation is provided on the following basis:

Property improvements
-
33% and 10% straight line
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

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

 
2.12

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.13

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.16

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 15).

Page 7

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
45,000



At 31 December 2023

45,000



Amortisation


At 1 January 2023
45,000



At 31 December 2023

45,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 8

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Property improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
81,328
-
166,381
55,068
302,777


Additions
16,523
9,322
52,380
6,675
84,900


Disposals
-
-
(12,833)
-
(12,833)



At 31 December 2023

97,851
9,322
205,928
61,743
374,844



Depreciation


At 1 January 2023
79,068
-
117,119
41,330
237,517


Charge for the year on owned assets
2,398
2,331
3,682
5,103
13,514


Charge for the year on financed assets
-
-
21,728
-
21,728


Disposals
-
-
(11,869)
-
(11,869)



At 31 December 2023

81,466
2,331
130,660
46,433
260,890



Net book value



At 31 December 2023
16,385
6,991
75,268
15,310
113,954



At 31 December 2022
2,260
-
49,262
13,738
65,260

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
65,185
34,533

65,185
34,533

Page 9

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Stocks

2023
2022
£
£

Raw materials and consumables
66,868
23,263

Work in progress (goods to be sold)
5,000
21,275

71,868
44,538



7.


Debtors

2023
2022
£
£


Trade debtors
214,932
286,673

Other debtors
143,850
92,216

Prepayments and accrued income
18,668
10,891

377,450
389,780



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
131,872
48,315

Less: bank overdrafts
(1,934)
-

129,938
48,315


Page 10

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,934
-

Bank loans
10,000
10,000

Trade creditors
100,244
71,148

Corporation tax
84,658
39,232

Other taxation and social security
65,304
50,154

Obligations under finance lease and hire purchase contracts
17,639
12,436

Other creditors
8,073
12,198

Accruals and deferred income
8,287
96,897

296,139
292,065


The bank loan and hire purchase contracts are secured on the assets to which they relate.


10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,930
24,820

Net obligations under finance leases and hire purchase contracts
25,817
5,262

40,747
30,082


The bank loans and hire purchase contracts are secured on the assets to which they relate.

Page 11

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
4,930
14,820


4,930
14,820


24,930
34,820



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
17,639
12,436

Between 1-5 years
25,817
5,262

43,456
17,698

Page 12

 
OAKPARK ALARMS SECURITY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Deferred taxation




2023


£






At beginning of year
(9,863)


Charged to profit or loss
(12,561)



At end of year
(22,424)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(22,424)
(9,863)

(22,424)
(9,863)


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,173 (2022 - £11,639).


15.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
42,750
42,750

Later than 1 year and not later than 5 years
3,563
46,313

46,313
89,063

 
Page 13