IRIS Accounts Production v24.1.0.578 03488111 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034881112023-03-31034881112024-03-31034881112023-04-012024-03-31034881112022-03-31034881112022-04-012023-03-31034881112023-03-3103488111ns15:EnglandWales2023-04-012024-03-3103488111ns14:PoundSterling2023-04-012024-03-3103488111ns10:Director12023-04-012024-03-3103488111ns10:Director22023-04-012024-03-3103488111ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103488111ns10:SmallEntities2023-04-012024-03-3103488111ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103488111ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103488111ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103488111ns10:AbridgedAccounts2023-04-012024-03-3103488111ns10:RegisteredOffice2023-04-012024-03-3103488111ns5:CurrentFinancialInstruments2024-03-3103488111ns5:CurrentFinancialInstruments2023-03-3103488111ns5:Non-currentFinancialInstruments2024-03-3103488111ns5:Non-currentFinancialInstruments2023-03-3103488111ns5:ShareCapital2024-03-3103488111ns5:ShareCapital2023-03-3103488111ns5:RetainedEarningsAccumulatedLosses2024-03-3103488111ns5:RetainedEarningsAccumulatedLosses2023-03-3103488111ns5:PlantMachinery2023-04-012024-03-3103488111ns5:FurnitureFittings2023-04-012024-03-3103488111ns5:ComputerEquipment2023-04-012024-03-31
REGISTERED NUMBER: 03488111 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOUND AND SECURE SYSTEMS LIMITED

SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SOUND AND SECURE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N Hitchell
P Oakes





REGISTERED OFFICE: Suite G14
Ground Floor
Cotton Exchange Buildings
Liverpool
Merseyside
L3 9LQ





REGISTERED NUMBER: 03488111 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,973 111,297

CURRENT ASSETS
Stocks 19,527 30,789
Debtors 177,393 106,904
Cash at bank 112,498 144,373
309,418 282,066
CREDITORS
Amounts falling due within one year 195,401 159,691
NET CURRENT ASSETS 114,017 122,375
TOTAL ASSETS LESS CURRENT LIABILITIES 236,990 233,672

CREDITORS
Amounts falling due after more than one
year

(83,402

)

(69,167

)

PROVISIONS FOR LIABILITIES (29,437 ) (12,540 )
NET ASSETS 124,151 151,965

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 119,151 146,965
SHAREHOLDERS' FUNDS 124,151 151,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




N Hitchell - Director



P Oakes - Director


SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sound and Secure 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 represents amounts receivable in respect of goods and services provided during the year exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 164,674
Additions 94,804
Disposals (60,182 )
At 31 March 2024 199,296
DEPRECIATION
At 1 April 2023 53,377
Charge for year 40,990
Eliminated on disposal (18,044 )
At 31 March 2024 76,323
NET BOOK VALUE
At 31 March 2024 122,973
At 31 March 2023 111,297

SOUND AND SECURE SYSTEMS LIMITED (REGISTERED NUMBER: 03488111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 91,783
Additions 94,804
At 31 March 2024 186,587
DEPRECIATION
At 1 April 2023 22,946
Charge for year 40,910
At 31 March 2024 63,856
NET BOOK VALUE
At 31 March 2024 122,731
At 31 March 2023 68,837