Electronic Security Phone Systems Limited 02241905 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is other telecommunications activities. Digita Accounts Production Advanced 6.30.9574.0 true true 02241905 2023-04-01 2024-03-31 02241905 2024-03-31 02241905 core:CurrentFinancialInstruments 2024-03-31 02241905 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02241905 core:MotorVehicles 2024-03-31 02241905 core:OtherPropertyPlantEquipment 2024-03-31 02241905 bus:SmallEntities 2023-04-01 2024-03-31 02241905 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02241905 bus:FilletedAccounts 2023-04-01 2024-03-31 02241905 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02241905 bus:RegisteredOffice 2023-04-01 2024-03-31 02241905 bus:CompanySecretary1 2023-04-01 2024-03-31 02241905 bus:Director1 2023-04-01 2024-03-31 02241905 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02241905 core:MotorVehicles 2023-04-01 2024-03-31 02241905 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 02241905 countries:EnglandWales 2023-04-01 2024-03-31 02241905 2023-03-31 02241905 core:MotorVehicles 2023-03-31 02241905 core:OtherPropertyPlantEquipment 2023-03-31 02241905 2022-04-01 2023-03-31 02241905 2023-03-31 02241905 core:CurrentFinancialInstruments 2023-03-31 02241905 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02241905 core:MotorVehicles 2023-03-31 02241905 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02241905

Electronic Security Phone Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Electronic Security Phone Systems Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Electronic Security Phone Systems Limited

Company Information

Director

A Tyson

Company secretary

B Tyson

Registered office

3 Chapman Lane
Bourne End
Buckinghamshire
SL8 5PB

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Electronic Security Phone Systems Limited

(Registration number: 02241905)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

100,631

114,002

Current assets

 

Debtors

5

300

6,242

Cash at bank and in hand

 

19,976

8,023

 

20,276

14,265

Creditors: Amounts falling due within one year

6

(128,520)

(127,748)

Net current liabilities

 

(108,244)

(113,483)

Net (liabilities)/assets

 

(7,613)

519

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(7,713)

419

Shareholders' (deficit)/funds

 

(7,613)

519

For the financial 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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 September 2024
 

.........................................
A Tyson
Director

 

Electronic Security Phone Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
3 Chapman Lane
Bourne End
Buckinghamshire
SL8 5PB
England

These financial statements were authorised for issue by the director on 20 September 2024.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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:

 

Electronic Security Phone Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

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

 

Electronic Security Phone Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

118,390

17,873

136,263

At 31 March 2024

118,390

17,873

136,263

Depreciation

At 1 April 2023

5,920

16,341

22,261

Charge for the year

11,839

1,532

13,371

At 31 March 2024

17,759

17,873

35,632

Carrying amount

At 31 March 2024

100,631

-

100,631

At 31 March 2023

112,470

1,532

114,002

5

Debtors

Current

2024
£

2023
£

Trade debtors

300

6,242

 

300

6,242

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,240

6,919

Taxation and social security

285

1,059

Accruals and deferred income

1,740

900

Other creditors

120,255

118,870

128,520

127,748