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Company Registration No. 06475405 (England and Wales)
A B Security And Electrical Limited Unaudited accounts for the year ended 31 January 2024
A B Security And Electrical Limited Unaudited accounts Contents
Page
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A B Security And Electrical Limited Company Information for the year ended 31 January 2024
Directors
A E Bailey J E Bailey
Secretary
Mrs L Bailey
Company Number
06475405 (England and Wales)
Registered Office
City Tax Shop 3 High Street Ibstock Leicestershire LE67 6LG England
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A B Security And Electrical Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,414 
15,886 
Current assets
Inventories
8,700 
10,300 
Debtors
10,478 
9,724 
Cash at bank and in hand
494 
3,376 
19,672 
23,400 
Creditors: amounts falling due within one year
(18,869)
(16,657)
Net current assets
803 
6,743 
Total assets less current liabilities
32,217 
22,629 
Creditors: amounts falling due after more than one year
(9,660)
(13,611)
Provisions for liabilities
Deferred tax
(5,969)
(3,018)
Net assets
16,588 
6,000 
Capital and reserves
Called up share capital
100 
50 
Profit and loss account
16,488 
5,950 
Shareholders' funds
16,588 
6,000 
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
J E Bailey Director Company Registration No. 06475405
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A B Security And Electrical Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
A B Security And Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06475405. The registered office is City Tax Shop, 3 High Street, Ibstock, Leicestershire, LE67 6LG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Turnover
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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A B Security And Electrical Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,309 
20,990 
2,071 
24,370 
Additions
- 
25,990 
- 
25,990 
At 31 January 2024
1,309 
46,980 
2,071 
50,360 
Depreciation
At 1 February 2023
1,263 
5,248 
1,973 
8,484 
Charge for the year
9 
10,433 
20 
10,462 
At 31 January 2024
1,272 
15,681 
1,993 
18,946 
Net book value
At 31 January 2024
37 
31,299 
78 
31,414 
At 31 January 2023
46 
15,742 
98 
15,886 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,436 
8,985 
Accrued income and prepayments
1,042 
739 
10,478 
9,724 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,086 
- 
VAT
285 
2,625 
Trade creditors
5,358 
11,527 
Taxes and social security
624 
(115)
Other creditors
4,233 
1,362 
Loans from directors
7,283 
1,258 
18,869 
16,657 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,660 
13,611 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
50 
Shares issued during the period:
50 Ordinary shares of £1 each
50 
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A B Security And Electrical Limited Notes to the Accounts for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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