Acorah Software Products - Accounts Production 15.0.310 false true 31 December 2022 1 January 2022 false 1 January 2023 31 March 2024 31 March 2024 05624767 Mr Lee Oldaker Mrs Keri Oldaker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05624767 2022-12-31 05624767 2024-03-31 05624767 2023-01-01 2024-03-31 05624767 frs-core:CurrentFinancialInstruments 2024-03-31 05624767 frs-core:Non-currentFinancialInstruments 2024-03-31 05624767 frs-core:FurnitureFittings 2024-03-31 05624767 frs-core:FurnitureFittings 2023-01-01 2024-03-31 05624767 frs-core:FurnitureFittings 2022-12-31 05624767 frs-core:MotorVehicles 2024-03-31 05624767 frs-core:MotorVehicles 2023-01-01 2024-03-31 05624767 frs-core:MotorVehicles 2022-12-31 05624767 frs-core:PlantMachinery 2024-03-31 05624767 frs-core:PlantMachinery 2023-01-01 2024-03-31 05624767 frs-core:PlantMachinery 2022-12-31 05624767 frs-core:CapitalRedemptionReserve 2024-03-31 05624767 frs-core:SharePremium 2024-03-31 05624767 frs-core:ShareCapital 2024-03-31 05624767 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05624767 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 05624767 frs-bus:FilletedAccounts 2023-01-01 2024-03-31 05624767 frs-bus:SmallEntities 2023-01-01 2024-03-31 05624767 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 05624767 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 05624767 frs-bus:Director1 2023-01-01 2024-03-31 05624767 frs-bus:CompanySecretary1 2023-01-01 2024-03-31 05624767 frs-countries:EnglandWales 2023-01-01 2024-03-31 05624767 2021-12-31 05624767 2022-12-31 05624767 2022-01-01 2022-12-31 05624767 frs-core:CurrentFinancialInstruments 2022-12-31 05624767 frs-core:Non-currentFinancialInstruments 2022-12-31 05624767 frs-core:CapitalRedemptionReserve 2022-12-31 05624767 frs-core:SharePremium 2022-12-31 05624767 frs-core:ShareCapital 2022-12-31 05624767 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05624767
Twenty 4 Seven Security Systems Ltd
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05624767
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181 263
181 263
CURRENT ASSETS
Debtors 5 90,058 107,288
Investments 6 80,800 80,800
Cash at bank and in hand 14,663 10,783
185,521 198,871
Creditors: Amounts Falling Due Within One Year 7 (53,376 ) (42,429 )
NET CURRENT ASSETS (LIABILITIES) 132,145 156,442
TOTAL ASSETS LESS CURRENT LIABILITIES 132,326 156,705
Creditors: Amounts Falling Due After More Than One Year 8 (15,833 ) (34,299 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34 ) (50 )
NET ASSETS 116,459 122,356
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 14,934 14,934
Capital redemption reserve (199,934 ) (199,934 )
Income Statement 301,359 307,256
SHAREHOLDERS' FUNDS 116,459 122,356
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For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Lee Oldaker
Director
09/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Twenty 4 Seven Security Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05624767 . The registered office is Unit 2 Premier Business Park, Faraday Road, Hereford, HR4 9NZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 587 6,118 2,255 8,960
As at 31 March 2024 587 6,118 2,255 8,960
Depreciation
As at 1 January 2023 583 5,879 2,235 8,697
Provided during the period 1 75 6 82
As at 31 March 2024 584 5,954 2,241 8,779
Net Book Value
As at 31 March 2024 3 164 14 181
As at 1 January 2023 4 239 20 263
5. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
Trade debtors 2,400 2,400
Amounts owed by group undertakings 87,658 104,888
90,058 107,288
6. Current Asset Investments
31 March 2024 31 December 2022
£ £
Shares in subsidiaries 80,800 80,800
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Trade creditors 1,317 1,618
Bank loans and overdrafts 10,000 -
Corporation tax 13,849 9,655
VAT 2,833 1,850
Accruals and deferred income 538 538
Director's loan account 24,839 28,768
53,376 42,429
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8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 December 2022
£ £
Bank loans 15,833 34,299
9. Share Capital
31 March 2024 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
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