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EUROTECH SECURITY SYSTEMS LTD

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


EUROTECH SECURITY SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J Alligan
P J Phillips





SECRETARY: P J Alligan





REGISTERED OFFICE: 24 High Street
Stanstead Abbotts
Hertfordshire
SG12 8AE





REGISTERED NUMBER: 01677775 (England and Wales)





ACCOUNTANTS: Goodier, Smith & Watts Limited
Devonshire House
Manor Way
Borehamwood
Herts
WD6 1QQ

EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
P J Alligan has held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P J Alligan - Director


5 November 2024

EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,368 13,540

CURRENT ASSETS
Stocks 7,431 5,891
Debtors 5 158,499 155,375
Cash at bank and in hand 33,885 133,590
199,815 294,856
CREDITORS
Amounts falling due within one year 6 93,077 127,514
NET CURRENT ASSETS 106,738 167,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,106

180,882

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 112,106 175,882
SHAREHOLDERS' FUNDS 117,106 180,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





P J Alligan - Director


EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Eurotech Security Systems Ltd 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 the invoiced value of goods supplied and services provided net of value added tax, excluding those maintenance charges wholly relating to the following year, which are disclosed in the balance sheet as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 24,653 78,826 67,101 170,580
Additions 2,483 - 4,219 6,702
At 31 March 2024 27,136 78,826 71,320 177,282
DEPRECIATION
At 1 April 2023 19,990 71,565 65,755 157,310
Charge for year 2,372 5,267 1,965 9,604
At 31 March 2024 22,362 76,832 67,720 166,914
NET BOOK VALUE
At 31 March 2024 4,774 1,994 3,600 10,368
At 31 March 2023 4,663 7,261 1,346 13,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,758 112,785
Other debtors 42,741 42,590
158,499 155,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,414 20,247
Taxation and social security 35,013 43,007
Other creditors 33,650 64,260
93,077 127,514

EUROTECH SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01677775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J Alligan
Balance outstanding at start of year 8,331 9,736
Amounts repaid (30 ) (1,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,301 8,331

8. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr P Alligan, who owns 100% of the issued share capital of the company,with effect from 31st December 2019.