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Company Registration No. 04576369 (England and Wales)
Global Tec Security Systems Limited Unaudited accounts for the year ended 30 April 2024
Global Tec Security Systems Limited Unaudited accounts Contents
Page
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Global Tec Security Systems Limited Company Information for the year ended 30 April 2024
Directors
Austin McDonald Tracy McDonald
Company Number
04576369 (England and Wales)
Registered Office
Montrose Austenwood Lane Chalfont St. Peter Gerrards Cross Buckinghamshire SL9 9DA England
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Global Tec Security Systems Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,017 
62,331 
Current assets
Debtors
131,995 
163,824 
Cash at bank and in hand
903,421 
767,858 
1,035,416 
931,682 
Creditors: amounts falling due within one year
(224,902)
(186,930)
Net current assets
810,514 
744,752 
Net assets
870,531 
807,083 
Capital and reserves
Called up share capital
50 
50 
Share premium
50 
50 
Profit and loss account
870,431 
806,983 
Shareholders' funds
870,531 
807,083 
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Austin McDonald Director Company Registration No. 04576369
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Global Tec Security Systems Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Global Tec Security Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 04576369. The registered office is Montrose, Austenwood Lane, Chalfont St. Peter, Gerrards Cross, Buckinghamshire, SL9 9DA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% per annum of cost
Fixtures & fittings
20% per annum of cost
Computer equipment
20% per annum of cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Global Tec Security Systems Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
32,135 
78,490 
110,625 
Additions
2,039 
12,798 
14,837 
At 30 April 2024
34,174 
91,288 
125,462 
Depreciation
At 1 May 2023
18,827 
29,467 
48,294 
Charge for the year
2,762 
14,389 
17,151 
At 30 April 2024
21,589 
43,856 
65,445 
Net book value
At 30 April 2024
12,585 
47,432 
60,017 
At 30 April 2023
13,308 
49,023 
62,331 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
734 
Trade debtors
131,495 
162,590 
Other debtors
500 
500 
131,995 
163,824 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,965 
- 
Trade creditors
44,690 
67,044 
Taxes and social security
55,960 
43,042 
Other creditors
1,188 
294 
Loans from directors
104 
497 
Accruals
2,349 
2,371 
Deferred income
110,646 
73,682 
224,902 
186,930 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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