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REGISTERED NUMBER: 04527548















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COTSWOLD SECURITY SYSTEMS LTD.

COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COTSWOLD SECURITY SYSTEMS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G Storey
Mr M Storey
Mrs J E Storey





SECRETARY: Mrs J E Storey





REGISTERED OFFICE: Elizabeth House
Witney Lane
Leafield
WITNEY
Oxfordshire
OX29 9PG





REGISTERED NUMBER: 04527548





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,157 37,495

CURRENT ASSETS
Stocks 3,467 3,890
Debtors 5 76,349 39,228
Cash at bank 327,439 318,227
407,255 361,345
CREDITORS
Amounts falling due within one year 6 134,994 124,986
NET CURRENT ASSETS 272,261 236,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,418

273,854

PROVISIONS FOR LIABILITIES 7 3,944 6,168
NET ASSETS 317,474 267,686

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 317,374 267,586
SHAREHOLDERS' FUNDS 317,474 267,686

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.

COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)

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 15 January 2025 and were signed on its behalf by:




Mr G Storey - Director



Mr M Storey - Director


COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)

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

1. STATUTORY INFORMATION

Cotswold Security Systems Ltd. is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,974 8,968 130,825 7,215 150,982
Additions - - 32,199 - 32,199
Disposals - - (22,500 ) - (22,500 )
At 31 March 2024 3,974 8,968 140,524 7,215 160,681
DEPRECIATION
At 1 April 2023 3,974 4,032 98,718 6,763 113,487
Charge for year - 1,234 15,075 223 16,532
Eliminated on disposal - - (18,495 ) - (18,495 )
At 31 March 2024 3,974 5,266 95,298 6,986 111,524
NET BOOK VALUE
At 31 March 2024 - 3,702 45,226 229 49,157
At 31 March 2023 - 4,936 32,107 452 37,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 73,200 35,515
Prepayments 3,149 3,713
76,349 39,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,522 9,014
Tax 46,472 17,886
Social security and other taxes 378 348
VAT 25,452 9,603
Monitoring & maintenance fees received
in advance

37,236

47,928
Directors' current accounts 18,215 36,534
Accrued expenses 3,719 3,673
134,994 124,986

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 3,944 6,168

COTSWOLD SECURITY SYSTEMS LTD. (REGISTERED NUMBER: 04527548)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 6,168
Credit to Income Statement during year (2,224 )
Balance at 31 March 2024 3,944

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100