BrightAccountsProduction v1.0.0 v1.0.0 2023-04-06 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of security systems service activities. 3 January 2025 6 5 NI611763 2024-04-05 NI611763 2023-04-05 NI611763 2022-04-05 NI611763 2023-04-06 2024-04-05 NI611763 2022-04-06 2023-04-05 NI611763 uk-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 NI611763 uk-curr:PoundSterling 2023-04-06 2024-04-05 NI611763 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 NI611763 uk-bus:FullAccounts 2023-04-06 2024-04-05 NI611763 uk-core:ShareCapital 2024-04-05 NI611763 uk-core:ShareCapital 2023-04-05 NI611763 uk-core:RetainedEarningsAccumulatedLosses 2024-04-05 NI611763 uk-core:RetainedEarningsAccumulatedLosses 2023-04-05 NI611763 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-05 NI611763 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-05 NI611763 uk-bus:FRS102 2023-04-06 2024-04-05 NI611763 uk-core:Goodwill 2023-04-06 2024-04-05 NI611763 uk-core:PlantMachinery 2023-04-06 2024-04-05 NI611763 uk-core:FurnitureFittingsToolsEquipment 2023-04-06 2024-04-05 NI611763 uk-core:MotorVehicles 2023-04-06 2024-04-05 NI611763 uk-core:Goodwill 2023-04-05 NI611763 uk-core:Goodwill 2024-04-05 NI611763 uk-core:CurrentFinancialInstruments 2024-04-05 NI611763 uk-core:CurrentFinancialInstruments 2023-04-05 NI611763 uk-core:WithinOneYear 2024-04-05 NI611763 uk-core:WithinOneYear 2023-04-05 NI611763 uk-core:WithinOneYear 2024-04-05 NI611763 uk-core:WithinOneYear 2023-04-05 NI611763 uk-core:AfterOneYear 2024-04-05 NI611763 uk-core:AfterOneYear 2023-04-05 NI611763 uk-core:WithinOneYear 2024-04-05 NI611763 uk-core:WithinOneYear 2023-04-05 NI611763 uk-core:BetweenOneTwoYears 2024-04-05 NI611763 uk-core:BetweenOneTwoYears 2023-04-05 NI611763 uk-core:BetweenTwoFiveYears 2024-04-05 NI611763 uk-core:BetweenTwoFiveYears 2023-04-05 NI611763 uk-core:BetweenOneFiveYears 2024-04-05 NI611763 uk-core:BetweenOneFiveYears 2023-04-05 NI611763 uk-core:EmployeeBenefits 2023-04-05 NI611763 uk-core:EmployeeBenefits 2023-04-06 2024-04-05 NI611763 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-04-05 NI611763 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-04-05 NI611763 uk-core:OtherDeferredTax 2024-04-05 NI611763 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-04-05 NI611763 uk-core:EmployeeBenefits 2024-04-05 NI611763 2023-04-06 2024-04-05 NI611763 uk-bus:Director1 2023-04-06 2024-04-05 NI611763 uk-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI611763
 
 
Johnston Security Limited
 
Unaudited Financial Statements
 
for the financial year ended 5 April 2024



Johnston Security Limited
Company Registration Number: NI611763
STATEMENT OF FINANCIAL POSITION
as at 5 April 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 33,621 44,824
───────── ─────────
 
Current Assets
Inventories 6 14,012 13,791
Receivables 7 161,899 137,304
Cash and cash equivalents 18,878 17,902
───────── ─────────
194,789 168,997
───────── ─────────
Payables: amounts falling due within one year 8 (159,770) (99,545)
───────── ─────────
Net Current Assets 35,019 69,452
───────── ─────────
Total Assets less Current Liabilities 68,640 114,276
 
Payables:
amounts falling due after more than one year 9 (41,418) (58,190)
 
Provisions for liabilities 11 1,718 (92)
───────── ─────────
Net Assets 28,940 55,994
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings 28,939 55,993
───────── ─────────
Equity attributable to owners of the company 28,940 55,994
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 3 January 2025
           
           
________________________________          
Peter Johnston          
Director          
           



Johnston Security Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 5 April 2024

   
1. General Information
 
Johnston Security Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Unit 6, Enterprise House, 2-4 Balloo Avenue, Bangor, Down, BT19 7QT which is also the principal place of business of the company. The principal activity of the company is that of security systems service activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 5 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land & Buildings Freehold - 4% Straight line
  Plant and machinery - 25% Reducing balance
  Fixtures, fittings and equipment - 25% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Inventories
Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 6, (2023 - 5).
 
  2024 2023
  Number Number
 
Employees 6 5
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 6 April 2023 25,000 25,000
  ───────── ─────────
 
At 5 April 2024 25,000 25,000
  ───────── ─────────
Amortisation
 
At 5 April 2024 25,000 25,000
  ───────── ─────────
Carrying amount
At 5 April 2024 - -
  ═════════ ═════════
             
5. Property, plant and equipment
  Land & Plant and Fixtures, Motor Total
  Buildings machinery fittings and vehicles  
  Freehold   equipment    
  £ £ £ £ £
Cost or Valuation
At 6 April 2023 4,792 8,935 8,425 82,978 105,130
  ───────── ───────── ───────── ───────── ─────────
 
At 5 April 2024 4,792 8,935 8,425 82,978 105,130
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 6 April 2023 4,792 6,431 6,033 43,050 60,306
Charge for the financial year - 626 595 9,982 11,203
  ───────── ───────── ───────── ───────── ─────────
At 5 April 2024 4,792 7,057 6,628 53,032 71,509
  ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 5 April 2024 - 1,878 1,797 29,946 33,621
  ═════════ ═════════ ═════════ ═════════ ═════════
At 5 April 2023 - 2,504 2,392 39,928 44,824
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Inventories 2024 2023
  £ £
 
Work in progress 4,262 5,597
Finished goods and goods for resale 9,750 8,194
  ───────── ─────────
  14,012 13,791
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Receivables 2024 2023
  £ £
 
Trade receivables 82,338 64,555
Other debtors 34,371 40,877
Director's current account (Note 13) 44,801 31,483
Prepayments and accrued income 389 389
  ───────── ─────────
  161,899 137,304
  ═════════ ═════════
       
8. Payables 2024 2023
Amounts falling due within one year £ £
 
Bank loan 11,100 11,100
Net obligations under finance leases
and hire purchase contracts 7,625 7,625
Trade payables 61,051 15,506
Taxation  (Note 10) 76,494 61,814
Accruals 3,500 3,500
  ───────── ─────────
  159,770 99,545
  ═════════ ═════════
       
9. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Bank Loan 11,005 20,152
Finance leases and hire purchase contracts 30,413 38,038
  ───────── ─────────
  41,418 58,190
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 11,100 11,100
Repayable between one and two years 11,005 11,100
Repayable between two and five years - 9,052
  ───────── ─────────
  22,105 31,252
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 7,625 7,625
Repayable between one and five years 30,413 38,038
  ───────── ─────────
  38,038 45,663
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Payables:
VAT 44,934 40,539
Corporation tax 30,178 20,867
PAYE / NI 1,382 408
  ───────── ─────────
  76,494 61,814
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 92 92 1,943
Charged to profit and loss (1,810) (1,810) (1,851)
  ───────── ───────── ─────────
At financial year end (1,718) (1,718) 92
  ═════════ ═════════ ═════════
       
12. Capital commitments
 
The company had no material capital commitments at the financial year-ended 5 April 2024.
   
13. Director's advances, credits and guarantees
 
As at 6th April 2023, the director owed the company £31,483. During the year, net transactions between the company and the director amounted to £13,318. As at 5th April 2024, the director owed the company £44,801.
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.