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REGISTERED NUMBER: 01805191 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

G.D. Security Systems Limited

G.D. Security Systems Limited (Registered number: 01805191)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.D. Security Systems Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C Antoniou





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Docklands
London
E14 9XL





REGISTERED NUMBER: 01805191 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

G.D. Security Systems Limited (Registered number: 01805191)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,641 57,097

CURRENT ASSETS
Stocks 8,432 3,699
Debtors 5 312,013 895,611
Cash at bank 588,625 383,212
909,070 1,282,522
CREDITORS
Amounts falling due within one year 6 533,442 892,440
NET CURRENT ASSETS 375,628 390,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,269

447,179

CREDITORS
Amounts falling due after more than one
year

7

18,862

-
NET ASSETS 458,407 447,179

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 448,407 437,179
SHAREHOLDERS' FUNDS 458,407 447,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

G.D. Security Systems Limited (Registered number: 01805191)

Balance Sheet - continued
30 April 2024


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 6 September 2024 and were signed by:





C Antoniou - Director


G.D. Security Systems Limited (Registered number: 01805191)

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

1. STATUTORY INFORMATION

G.D. 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.

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 represents net invoiced value of goods and services excluding value added tax. Income is recognised as services are performed.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred income
Income has been deferred where the sales invoiced value of services in the year covers a period, which extends beyond the year end.

Pensions
The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

G.D. Security Systems Limited (Registered number: 01805191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 19,150 6,415 267,204 118,198 410,967
Additions - - 67,079 15,731 82,810
At 30 April 2024 19,150 6,415 334,283 133,929 493,777
DEPRECIATION
At 1 May 2023 3,830 1,283 251,209 97,548 353,870
Charge for year 3,830 1,283 24,768 8,385 38,266
At 30 April 2024 7,660 2,566 275,977 105,933 392,136
NET BOOK VALUE
At 30 April 2024 11,490 3,849 58,306 27,996 101,641
At 30 April 2023 15,320 5,132 15,995 20,650 57,097

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 160,352 679,553
Prepayments 12,193 13,931
172,545 693,484

Amounts falling due after more than one year:
Amounts owed by group undertakings 139,468 202,127

Aggregate amounts 312,013 895,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 19,080 11,718
Trade creditors 72,370 53,609
Tax 64,162 70,508
Social security and other taxes 7,174 16,436
VAT 27,771 123,681
Other creditors 24,329 1,113
Deferred income 250,148 509,917
Accrued expenses 68,408 105,458
533,442 892,440

G.D. Security Systems Limited (Registered number: 01805191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 12,712 -
Provision for dilapidations 6,150 -
18,862 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 19,080 11,718
Between one and five years 12,712 -
31,792 11,718

9. RELATED PARTY DISCLOSURES

During the year the company has declared dividends of £245,000 (2020 -£245,000) .

10. ULTIMATE CONTROLLING PARTY

The controlling party is OCL.

The ultimate controlling party is Bill Davis & Associates LLC.