Arrow Security Systems Limited 08439930 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is security systems installation Digita Accounts Production Advanced 6.30.9574.0 true true 08439930 2023-04-01 2024-03-31 08439930 2024-03-31 08439930 bus:OrdinaryShareClass1 2024-03-31 08439930 core:RetainedEarningsAccumulatedLosses 2024-03-31 08439930 core:ShareCapital 2024-03-31 08439930 core:CurrentFinancialInstruments 2024-03-31 08439930 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08439930 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08439930 core:FurnitureFittingsToolsEquipment 2024-03-31 08439930 core:OtherPropertyPlantEquipment 2024-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 08439930 bus:SmallEntities 2023-04-01 2024-03-31 08439930 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08439930 bus:FilletedAccounts 2023-04-01 2024-03-31 08439930 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08439930 bus:RegisteredOffice 2023-04-01 2024-03-31 08439930 bus:Director1 2023-04-01 2024-03-31 08439930 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08439930 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08439930 bus:Agent1 2023-04-01 2024-03-31 08439930 core:Goodwill 2023-04-01 2024-03-31 08439930 core:FurnitureFittings 2023-04-01 2024-03-31 08439930 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08439930 core:OfficeEquipment 2023-04-01 2024-03-31 08439930 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08439930 core:PlantMachinery 2023-04-01 2024-03-31 08439930 core:KeyManagementPersonnel 2023-04-01 2024-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 08439930 countries:England 2023-04-01 2024-03-31 08439930 2023-03-31 08439930 core:FurnitureFittingsToolsEquipment 2023-03-31 08439930 core:OtherPropertyPlantEquipment 2023-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 08439930 2022-04-01 2023-03-31 08439930 2023-03-31 08439930 bus:OrdinaryShareClass1 2023-03-31 08439930 core:RetainedEarningsAccumulatedLosses 2023-03-31 08439930 core:ShareCapital 2023-03-31 08439930 core:CurrentFinancialInstruments 2023-03-31 08439930 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08439930 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08439930 core:FurnitureFittingsToolsEquipment 2023-03-31 08439930 core:OtherPropertyPlantEquipment 2023-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2023-03-31 08439930 2022-03-31 08439930 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08439930

Arrow Security Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Arrow Security Systems Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Arrow Security Systems Limited

Company Information

Director

TD Weale

Registered office

DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

Accountants

DeVines Accountants Limited
Chartered Accountants
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Arrow Security Systems Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arrow Security Systems Limited for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Arrow Security Systems Limited, as a body, in accordance with the terms of our engagement letter dated 12 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Arrow Security Systems Limited and state those matters that we have agreed to state to the Board of Directors of Arrow Security Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arrow Security Systems Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Arrow Security Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Arrow Security Systems Limited. You consider that Arrow Security Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Arrow Security Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DeVines Accountants Limited
Chartered Accountants
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

22 November 2024

 

Arrow Security Systems Limited

(Registration number: 08439930)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,071

12,096

Current assets

 

Debtors

5

25,195

18,541

Cash at bank and in hand

 

-

8,997

 

25,195

27,538

Creditors: Amounts falling due within one year

6

(19,076)

(22,729)

Net current assets

 

6,119

4,809

Total assets less current liabilities

 

15,190

16,905

Creditors: Amounts falling due after more than one year

6

(12,920)

(13,730)

Provisions for liabilities

(1,704)

(3,024)

Net assets

 

566

151

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

466

51

Shareholders' funds

 

566

151

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 22 November 2024
 

.........................................
TD Weale
Director

 

Arrow Security 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.

The address of its registered office is:
DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

These financial statements were authorised for issue by the director on 22 November 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Arrow Security Systems Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 5 years

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.

 

Arrow Security Systems Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Arrow Security Systems Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

12,406

9,350

21,756

At 31 March 2024

12,406

9,350

21,756

Depreciation

At 1 April 2023

5,839

3,821

9,660

Charge for the year

1,643

1,382

3,025

At 31 March 2024

7,482

5,203

12,685

Net book value

At 31 March 2024

4,924

4,147

9,071

At 31 March 2023

6,567

5,529

12,096

5

Debtors

Current

2024
£

2023
£

Trade debtors

13,732

8,236

Other debtors

11,463

10,305

 

25,195

18,541

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

1,976

2,760

Trade creditors

 

530

92

Taxation and social security

 

16,570

19,321

Accruals and deferred income

 

-

556

 

19,076

22,729

Creditors: amounts falling due after more than one year

 

Arrow Security Systems Limited

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

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12,920

13,730

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Reserves

The only movements on reserves in this period and the preceding period are profits and dividends.

9

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

7,012

7,012

Advanced

841

841

Interest transactions

158

158

At end of period

8,011

8,011

2023

Key management
£

Total
£

At start of period

8,711

8,711

Advanced

7,012

7,012

Repaid

(8,833)

(8,833)

Interest transactions

122

122

At end of period

7,012

7,012

Terms of loans to related parties

The loan bears interest at 2.25% per annum