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
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
Global Tec Security Systems Limited
Statement of financial position
as at 30 April 2024
Tangible assets
60,017
62,331
Cash at bank and in hand
903,421
767,858
Creditors: amounts falling due within one year
(224,902)
(186,930)
Net current assets
810,514
744,752
Net assets
870,531
807,083
Called up share capital
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
Global Tec Security Systems Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
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.
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
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
At 30 April 2024
12,585
47,432
60,017
At 30 April 2023
13,308
49,023
62,331
Amounts falling due within one year
Trade debtors
131,495
162,590
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
44,690
67,044
Taxes and social security
55,960
43,042
Loans from directors
104
497
Deferred income
110,646
73,682
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).