Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06894646 P L Cliffe D J Kew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06894646 2023-05-31 06894646 2024-05-31 06894646 2023-06-01 2024-05-31 06894646 frs-core:CurrentFinancialInstruments 2024-05-31 06894646 frs-core:Non-currentFinancialInstruments 2024-05-31 06894646 frs-core:BetweenOneFiveYears 2024-05-31 06894646 frs-core:ComputerEquipment 2024-05-31 06894646 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06894646 frs-core:ComputerEquipment 2023-05-31 06894646 frs-core:NetGoodwill 2024-05-31 06894646 frs-core:NetGoodwill 2023-06-01 2024-05-31 06894646 frs-core:NetGoodwill 2023-05-31 06894646 frs-core:MotorVehicles 2024-05-31 06894646 frs-core:MotorVehicles 2023-06-01 2024-05-31 06894646 frs-core:MotorVehicles 2023-05-31 06894646 frs-core:PlantMachinery 2024-05-31 06894646 frs-core:PlantMachinery 2023-06-01 2024-05-31 06894646 frs-core:PlantMachinery 2023-05-31 06894646 frs-core:WithinOneYear 2024-05-31 06894646 frs-core:ShareCapital 2024-05-31 06894646 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06894646 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06894646 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06894646 frs-bus:SmallEntities 2023-06-01 2024-05-31 06894646 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06894646 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06894646 frs-bus:Director1 2023-06-01 2024-05-31 06894646 frs-bus:Director1 2023-05-31 06894646 frs-bus:Director1 2024-05-31 06894646 frs-bus:Director2 2023-06-01 2024-05-31 06894646 frs-bus:Director2 2023-05-31 06894646 frs-bus:Director2 2024-05-31 06894646 frs-countries:EnglandWales 2023-06-01 2024-05-31 06894646 2022-05-31 06894646 2023-05-31 06894646 2022-06-01 2023-05-31 06894646 frs-core:CurrentFinancialInstruments 2023-05-31 06894646 frs-core:Non-currentFinancialInstruments 2023-05-31 06894646 frs-core:BetweenOneFiveYears 2023-05-31 06894646 frs-core:WithinOneYear 2023-05-31 06894646 frs-core:ShareCapital 2023-05-31 06894646 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06894646
Absolut Security Solutions UK Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Absolut Security Solutions UK Limited for the year ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Absolut Security Solutions UK Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Absolut Security Solutions UK Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Absolut Security Solutions UK Limited and state those matters that we have agreed to state to the directors of Absolut Security Solutions UK Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Absolut Security Solutions UK Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Absolut Security Solutions UK 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 or loss of Absolut Security Solutions UK Limited . You consider that Absolut Security Solutions UK 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 Absolut Security Solutions UK 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 financial statements.
Signed
20/01/2025
MPU Associates Limited
2 Water Street
Stamford
Lincs
PE9 2NJ
Page 1
Page 2
Balance Sheet
Registered number: 06894646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,220 19,680
Tangible Assets 5 91,906 79,402
109,126 99,082
CURRENT ASSETS
Stocks 6 38,670 42,770
Debtors 7 90,987 146,688
Cash at bank and in hand 43,114 63,027
172,771 252,485
Creditors: Amounts Falling Due Within One Year 8 (133,402 ) (261,023 )
NET CURRENT ASSETS (LIABILITIES) 39,369 (8,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,495 90,544
Creditors: Amounts Falling Due After More Than One Year 9 (131,056 ) (77,164 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,820 ) (13,252 )
NET ASSETS 619 128
CAPITAL AND RESERVES
Called up share capital 11 90 90
Profit and Loss Account 529 38
SHAREHOLDERS' FUNDS 619 128
Page 2
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For the year ending 31 May 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 Profit and Loss Account.
On behalf of the board
P L Cliffe
Director
D J Kew
Director
19/01/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Absolut Security Solutions UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06894646 . The registered office is Eventus, Sunderland Road, Northfields Industrial Estate, Market Deeping, Peterborough, Cambridgeshire, PE6 8FD.
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 reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 20-25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 24,600
As at 31 May 2024 24,600
Amortisation
As at 1 June 2023 4,920
Provided during the period 2,460
As at 31 May 2024 7,380
Net Book Value
As at 31 May 2024 17,220
As at 1 June 2023 19,680
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 34,797 91,551 7,832 134,180
Additions 4,668 34,051 3,129 41,848
As at 31 May 2024 39,465 125,602 10,961 176,028
...CONTINUED
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Depreciation
As at 1 June 2023 20,399 31,248 3,131 54,778
Provided during the period 4,190 23,588 1,566 29,344
As at 31 May 2024 24,589 54,836 4,697 84,122
Net Book Value
As at 31 May 2024 14,876 70,766 6,264 91,906
As at 1 June 2023 14,398 60,303 4,701 79,402
6. Stocks
2024 2023
£ £
Stock 38,670 42,770
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,152 127,510
Prepayments and accrued income 236 2,050
Directors' loan accounts 37,599 17,128
90,987 146,688
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,449 8,094
Trade creditors 40,757 131,220
Bank loans and overdrafts 10,000 65,837
Other loans 38,239 -
Corporation tax 5,597 18,819
Other taxes and social security 3,472 1,915
VAT 25,153 30,156
Other creditors 2,735 787
Accruals and deferred income - 4,195
133,402 261,023
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,714 20,163
Bank loans 10,000 57,001
Other loans 108,342 -
131,056 77,164
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,449 8,094
Later than one year and not later than five years 12,714 20,163
20,163 28,257
20,163 28,257
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Peter Cliffe 6,962 25,235 15,000 - 17,197
Mr Damien Kew 10,166 25,235 15,000 - 20,401
The above loan is unsecured and repayable on demand. Balances exceeding £10,000 have been charged interest at the official rate of 2.25%.
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