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Registered number: 03012915
Leigh Visual Surveillance Systems Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03012915
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 10,958 64,841
Cash at bank and in hand 224 -
11,182 64,841
Creditors: Amounts Falling Due Within One Year 6 (9,584 ) (54,167 )
NET CURRENT ASSETS (LIABILITIES) 1,598 10,674
TOTAL ASSETS LESS CURRENT LIABILITIES 1,598 10,674
Creditors: Amounts Falling Due After More Than One Year 7 (11,350 ) (20,426 )
NET LIABILITIES (9,752 ) (9,752 )
CAPITAL AND RESERVES
Called up share capital 8 542 542
Share premium account 8,358 8,358
Revaluation reserve 9 500 500
Profit and Loss Account (19,152 ) (19,152 )
SHAREHOLDERS' FUNDS (9,752) (9,752)
Page 1
Page 2
For the year 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
James Paul
Director
5 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Leigh Visual Surveillance Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03012915 . The registered office is Newminster House,, 27-29 Baldwin Street, Bristol, Somerset, BS1 1LT.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate because the company ceased trading in the previous finanacial year. The company will continue to repay it's liabilities through funding from it's associated company, Leigh Visual Security Systems Ltd.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 6,828
Disposals (6,828 )
Depreciation
As at 1 April 2023 6,828
Disposals (6,828 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Receivable from intercompany account 10,958 63,425
VAT - 1,416
10,958 64,841
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,584 54,167
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,350 20,426
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 542 542
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 April 2023 500
As at 31 March 2024 500
Page 5