Company Registration No. 07519632 (England and Wales)
ASGS Security Services Limited
Unaudited accounts
for the year ended 29 February 2024
ASGS Security Services Limited
Unaudited accounts
Contents
ASGS Security Services Limited
Company Information
for the year ended 29 February 2024
Directors
Andrew Jason Shaw
Amy Elizabeth Shaw
Company Number
07519632 (England and Wales)
Registered Office
NBV Business Centre David Lane
Basford
Nottingham
Nottinghamshire
NG6 0JU
ENGLAND
Accountants
Net Accountancy Solutions Limited
12 Harles Acres
Hickling
Melton Mowbray
LEICESTERSHIRE
LE14 3AF
ASGS Security Services Limited
Statement of financial position
as at 29 February 2024
Tangible assets
47,220
61,525
Cash at bank and in hand
24,915
-
Creditors: amounts falling due within one year
(100,876)
(48,025)
Net current assets
27,442
18,753
Total assets less current liabilities
74,662
80,278
Creditors: amounts falling due after more than one year
(62,744)
(67,422)
Provisions for liabilities
Deferred tax
(9,563)
(9,563)
Called up share capital
100
100
Profit and loss account
2,255
3,193
Shareholders' funds
2,355
3,293
For the year ending 29 February 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 24 January 2025 and were signed on its behalf by
Amy Elizabeth Shaw
Director
Company Registration No. 07519632
ASGS Security Services Limited
Notes to the Accounts
for the year ended 29 February 2024
ASGS Security Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07519632. The registered office is NBV Business Centre David Lane, Basford, Nottingham, Nottinghamshire, NG6 0JU, 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:
Fixtures & fittings
15% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
ASGS Security Services Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
At 29 February 2024
194,936
Charge for the year
14,305
At 29 February 2024
147,716
At 29 February 2024
47,220
At 28 February 2023
61,525
Amounts falling due within one year
Trade debtors
93,510
56,092
Other debtors
9,893
10,686
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
48,898
51,565
Trade creditors
22,743
798
Taxes and social security
72,800
72,662
Other creditors
16,675
15,433
Loans from directors
(96,647)
(111,068)
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Creditors: amounts falling due after more than one year
2024
2023
Creditors include a £50,000 bounce back loan taken out as contingency funding during the pandemic. the balance outstanding at the end of the year was £38,889.
ASGS Security Services Limited
Notes to the Accounts
for the year ended 29 February 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loans repayable on demand
111,068
102,749
117,170
96,647
111,068
102,749
117,170
96,647
The loan was repaid within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 13 (2023: 17).