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REGISTERED NUMBER: 04934816 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

BLUE SKY SECURITY SYSTEMS LIMITED

BLUE SKY SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 04934816)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUE SKY SECURITY SYSTEMS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr A Sharman





SECRETARY: Mrs K M Sharman





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 04934816 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BLUE SKY SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 04934816)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,331 37,866

CURRENT ASSETS
Debtors 5 119,810 108,829
Cash at bank 75,789 48,268
195,599 157,097
CREDITORS
Amounts falling due within one year 6 179,417 146,105
NET CURRENT ASSETS 16,182 10,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,513

48,858

CREDITORS
Amounts falling due after more than one year 7 30,488 48,552
NET ASSETS 11,025 306

CAPITAL AND RESERVES
Called up share capital 9 201 201
Retained earnings 10,824 105
SHAREHOLDERS' FUNDS 11,025 306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr A Sharman - Director


BLUE SKY SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 04934816)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Blue Sky Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

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.

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 5 (2022 - 4 ) .

BLUE SKY SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 04934816)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 7,229 78,640 16,168 102,037
Additions - - 845 845
At 31 October 2023 7,229 78,640 17,013 102,882
DEPRECIATION
At 1 November 2022 4,556 44,479 15,136 64,171
Charge for year 534 12,479 367 13,380
At 31 October 2023 5,090 56,958 15,503 77,551
NET BOOK VALUE
At 31 October 2023 2,139 21,682 1,510 25,331
At 31 October 2022 2,673 34,161 1,032 37,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 137,423 106,247
No description (20,074 ) -
Other debtors 464 464
Prepayments and accrued income 1,997 2,118
119,810 108,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 10,714 10,714
Hire purchase contracts 7,366 7,366
Trade creditors 37,952 32,541
Amounts owed to group undertakings 358 5,296
Tax 40,245 32,656
Social security and other taxes 2,884 3,648
VAT 46,152 34,166
Other creditors 4,380 13,053
Directors' current accounts 27,218 4,284
Accruals and deferred income 2,148 2,381
179,417 146,105

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 15,143 25,841
Hire purchase contracts 15,345 22,711
30,488 48,552

BLUE SKY SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: 04934816)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,714 10,714

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,143 15,841

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
160 Ordinary A £1 160 160
30 Ordinary B £1 30 30
5 Ordinary C £1 5 5
5 Ordinary D £1 5 5
1 Ordinary E £1 1 1
201 201

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr A Sharman
Balance outstanding at start of year - 11,184
Amounts repaid - (11,184 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £27,218 (2022:£15,468) to the director. This amount was interest free and repayable on demand. A balance of £358 (2022: £5,296) was due to Blue Sky Property South Ltd, the company in which Mr A J Sharman has common control.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Sharman.