Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04193844 Mr Attilio Pini Mrs Rita Pini Mr Roberto Pini Mr Stefano Pini Mrs Rita Pini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04193844 2023-03-31 04193844 2024-03-31 04193844 2023-04-01 2024-03-31 04193844 frs-core:CurrentFinancialInstruments 2024-03-31 04193844 frs-core:BetweenOneFiveYears 2024-03-31 04193844 frs-core:ComputerEquipment 2024-03-31 04193844 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04193844 frs-core:ComputerEquipment 2023-03-31 04193844 frs-core:FurnitureFittings 2024-03-31 04193844 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04193844 frs-core:FurnitureFittings 2023-03-31 04193844 frs-core:MotorVehicles 2024-03-31 04193844 frs-core:MotorVehicles 2023-04-01 2024-03-31 04193844 frs-core:MotorVehicles 2023-03-31 04193844 frs-core:WithinOneYear 2024-03-31 04193844 frs-core:ShareCapital 2024-03-31 04193844 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04193844 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04193844 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04193844 frs-bus:SmallEntities 2023-04-01 2024-03-31 04193844 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04193844 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04193844 frs-bus:Director1 2023-04-01 2024-03-31 04193844 frs-bus:Director2 2023-04-01 2024-03-31 04193844 frs-bus:Director3 2023-04-01 2024-03-31 04193844 frs-bus:Director4 2023-04-01 2024-03-31 04193844 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04193844 frs-countries:EnglandWales 2023-04-01 2024-03-31 04193844 2022-03-31 04193844 2023-03-31 04193844 2022-04-01 2023-03-31 04193844 frs-core:CurrentFinancialInstruments 2023-03-31 04193844 frs-core:BetweenOneFiveYears 2023-03-31 04193844 frs-core:WithinOneYear 2023-03-31 04193844 frs-core:ShareCapital 2023-03-31 04193844 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04193844
Woodside Security Systems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04193844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,282 38,444
27,282 38,444
CURRENT ASSETS
Stocks 5 7,703 8,150
Debtors 6 36,762 45,393
Cash at bank and in hand 325,186 273,724
369,651 327,267
Creditors: Amounts Falling Due Within One Year 7 (251,705 ) (243,312 )
NET CURRENT ASSETS (LIABILITIES) 117,946 83,955
TOTAL ASSETS LESS CURRENT LIABILITIES 145,228 122,399
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,409 ) (5,880 )
NET ASSETS 140,819 116,519
CAPITAL AND RESERVES
Called up share capital 8 6 6
Income Statement 140,813 116,513
SHAREHOLDERS' FUNDS 140,819 116,519
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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 Income Statement.
On behalf of the board
Mr Stefano Pini
Director
30 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Woodside Security Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04193844 . The registered office is Security House, 1a Woodside Grove, London, N12 8QT.
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. 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 recognised on the sale of goods when the goods are delivered and title has passed.  Turnover is recognised on the provision of services on a percentage degree of completion basis, calculated by reference to the time expended compared to the total anticipated time.
2.3. 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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and net estimated selling price less selling costs. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
2.7. Pensions
The company operates a defined pension contribution pension scheme. Contributions are charged to the income statement in the period to which they relate.
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2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 58,689 12,519 13,279 84,487
Additions - 1,600 792 2,392
Disposals (4,000 ) - (4,833 ) (8,833 )
As at 31 March 2024 54,689 14,119 9,238 78,046
Depreciation
As at 1 April 2023 25,503 8,684 11,856 46,043
Provided during the period 8,016 2,917 1,073 12,006
Disposals (2,453 ) - (4,832 ) (7,285 )
As at 31 March 2024 31,066 11,601 8,097 50,764
Net Book Value
As at 31 March 2024 23,623 2,518 1,141 27,282
As at 1 April 2023 33,186 3,835 1,423 38,444
5. Stocks
2024 2023
£ £
Stock 7,703 8,150
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,228 33,420
Other debtors 7,534 11,973
36,762 45,393
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,053 36,494
Other creditors 175,958 166,945
Taxation and social security 54,694 39,873
251,705 243,312
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,000 12,000
Later than one year and not later than five years 9,000 21,000
21,000 33,000
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