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REGISTERED NUMBER: 07425117 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oakland Security Systems Limited

Oakland Security Systems Limited (Registered number: 07425117)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Oakland Security Systems Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A McAteer
Mrs P J McAteer





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF





REGISTERED NUMBER: 07425117 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Oakland Security Systems Limited (Registered number: 07425117)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,272 103,647

CURRENT ASSETS
Stocks 209,000 180,978
Debtors 5 72,426 113,848
Cash at bank 728 20,234
282,154 315,060
CREDITORS
Amounts falling due within one year 6 203,574 254,665
NET CURRENT ASSETS 78,580 60,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,852

164,042

CREDITORS
Amounts falling due after more than one
year

7

(84,430

)

(128,025

)

PROVISIONS FOR LIABILITIES (19,568 ) (1,967 )
NET ASSETS 52,854 34,050

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,754 33,950
SHAREHOLDERS' FUNDS 52,854 34,050

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.

Oakland Security Systems Limited (Registered number: 07425117)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





P A McAteer - Director


Oakland Security Systems Limited (Registered number: 07425117)

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

1. STATUTORY INFORMATION

Oakland Security Systems Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Oakland Security Systems Limited (Registered number: 07425117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 21,036 2,907 148,002 171,945
DEPRECIATION
At 1 April 2023 11,433 1,729 55,136 68,298
Charge for year 1,921 237 23,217 25,375
At 31 March 2024 13,354 1,966 78,353 93,673
NET BOOK VALUE
At 31 March 2024 7,682 941 69,649 78,272
At 31 March 2023 9,603 1,178 92,866 103,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,251 61,990
Other debtors 39,175 51,858
72,426 113,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 54,391 48,232
Hire purchase contracts (see note 8) 16,078 14,534
Payments on account (4,560 ) (1,179 )
Trade creditors 65,455 87,196
Taxation and social security 69,078 66,594
Other creditors 3,132 39,288
203,574 254,665

Oakland Security Systems Limited (Registered number: 07425117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 58,079 85,596
Hire purchase contracts (see note 8) 26,351 42,429
84,430 128,025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 16,078 14,534
Between one and five years 26,351 42,429
42,429 56,963

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year - 11,700

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 27,520 21,456

Any amount owed to the company's bankers, HSBC Bank plc, by the company is secured over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors owed the company £25,137 (2023: £37,820). Amounts owed are unsecured and are repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The Directors' are the ultimate controlling party.