Registered number
13033237
Rowland Guard Security Systems Ltd
Filleted Accounts
For The Year Ended
30 November 2023
Rowland Guard Security Systems Ltd
Company Information
Directors
Philip John Rowland
Jane Marie Rowland
Accountants
Bird & Co
183 Main Street
Yaxley
Peterborough
Cambs
PE6 3LD
Registered office
28 High Street
Eye
Peterborough
PE6 7UU
Registered number
13033237
Rowland Guard Security Systems Ltd
Registered number: 13033237
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,475 21,887
Current assets
Debtors 4 17,746 14,039
Cash at bank and in hand 12,065 19,620
29,811 33,659
Creditors: amounts falling due within one year 5 (30,757) (32,687)
Net current (liabilities)/assets (946) 972
Net assets 15,529 22,859
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,528 22,858
Shareholders' funds 15,529 22,859
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip John Rowland
Director
Approved by the board on 2 August 2024
Rowland Guard Security Systems Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 1,075 37,836 38,911
At 30 November 2023 1,075 37,836 38,911
Depreciation
At 1 December 2022 471 16,553 17,024
Charge for the year 91 5,321 5,412
At 30 November 2023 562 21,874 22,436
Net book value
At 30 November 2023 513 15,962 16,475
At 30 November 2022 604 21,283 21,887
4 Debtors 2023 2022
£ £
Trade debtors 16,542 12,835
Other debtors 1,204 1,204
17,746 14,039
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 20,316 25,472
Taxation and social security costs 9,050 6,218
Other creditors 1,391 997
30,757 32,687
6 Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
7 Other information
Rowland Guard Security Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 High Street
Eye
Peterborough
PE6 7UU
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