PR Security Systems Ltd 11925211 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of security systems services. Digita Accounts Production Advanced 6.30.9574.0 true true 11925211 2023-05-01 2024-04-30 11925211 2024-04-30 11925211 bus:Director1 1 2024-04-30 11925211 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 11925211 core:CurrentFinancialInstruments 2024-04-30 11925211 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11925211 core:Non-currentFinancialInstruments 2024-04-30 11925211 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11925211 core:MotorVehicles 2024-04-30 11925211 core:OfficeEquipment 2024-04-30 11925211 core:PlantMachinery 2024-04-30 11925211 bus:SmallEntities 2023-05-01 2024-04-30 11925211 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11925211 bus:FilletedAccounts 2023-05-01 2024-04-30 11925211 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11925211 bus:RegisteredOffice 2023-05-01 2024-04-30 11925211 bus:Director1 2023-05-01 2024-04-30 11925211 bus:Director1 1 2023-05-01 2024-04-30 11925211 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11925211 core:MotorVehicles 2023-05-01 2024-04-30 11925211 core:OfficeEquipment 2023-05-01 2024-04-30 11925211 core:PlantMachinery 2023-05-01 2024-04-30 11925211 countries:EnglandWales 2023-05-01 2024-04-30 11925211 2023-04-30 11925211 bus:Director1 1 2023-04-30 11925211 core:MotorVehicles 2023-04-30 11925211 core:OfficeEquipment 2023-04-30 11925211 core:PlantMachinery 2023-04-30 11925211 2022-05-01 2023-04-30 11925211 2023-04-30 11925211 bus:Director1 1 2023-04-30 11925211 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 11925211 core:CurrentFinancialInstruments 2023-04-30 11925211 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11925211 core:Non-currentFinancialInstruments 2023-04-30 11925211 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11925211 core:MotorVehicles 2023-04-30 11925211 core:OfficeEquipment 2023-04-30 11925211 core:PlantMachinery 2023-04-30 11925211 bus:Director1 1 2022-05-01 2023-04-30 11925211 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 11925211

PR Security Systems Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

PR Security Systems Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

PR Security Systems Ltd

(Registration number: 11925211)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,835

12,108

Current assets

 

Stocks

5

565

565

Debtors

6

10,524

15,610

Cash at bank and in hand

 

6,748

9,084

 

17,837

25,259

Creditors: Amounts falling due within one year

7

(15,551)

(17,863)

Net current assets

 

2,286

7,396

Total assets less current liabilities

 

8,121

19,504

Creditors: Amounts falling due after more than one year

7

(7,000)

(13,000)

Provisions for liabilities

(1,109)

(2,301)

Net assets

 

12

4,203

Capital and reserves

 

Called up share capital

4

4

Retained earnings

8

4,199

Shareholders' funds

 

12

4,203

 

PR Security Systems Ltd

(Registration number: 11925211)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2024 and signed on its behalf by:
 

.........................................
P J Richardson
Director

 

PR Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of security systems services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

PR Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

50% straight line basis

Office equipment

33% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

PR Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

6,242

5,731

22,422

34,395

Additions

1,271

-

-

1,271

Disposals

(908)

-

-

(908)

At 30 April 2024

6,605

5,731

22,422

34,758

Depreciation

At 1 May 2023

4,504

3,583

14,200

22,287

Charge for the year

1,270

1,059

4,484

6,813

Eliminated on disposal

(177)

-

-

(177)

At 30 April 2024

5,597

4,642

18,684

28,923

Carrying amount

At 30 April 2024

1,008

1,089

3,738

5,835

At 30 April 2023

1,738

2,148

8,222

12,108

5

Stocks

2024
£

2023
£

Other inventories

565

565

 

PR Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,822

2,512

Prepayments

1,866

729

Other debtors

2,836

12,369

 

10,524

15,610

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,000

7,464

Trade creditors

 

4,173

3,129

Taxation and social security

 

3,623

6,170

Other creditors

 

1,755

1,100

 

15,551

17,863

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,000

13,000

 

PR Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,000

6,000

Hire purchase contracts

-

1,464

6,000

7,464

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,000

13,000

Hire purchase contract liabilities were secured on the assets to which they relate.

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

P J Richardson

Director loan account

7,496

900

(7,996)

400

2023

At 1 May 2022
£

Repayments by director
£

At 30 April 2023
£

P J Richardson

Director loan account

7,996

(500)

7,496

Other transactions with directors

P J Richardson (director) had a loan account with the company. At the balance sheet date the amount due from P J Richardson was £400 (2022: £7,496).