REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2024 |
for |
KEYBURY SECURITY SYSTEMS LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2024 |
for |
KEYBURY SECURITY SYSTEMS LTD |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KEYBURY SECURITY SYSTEMS LTD |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Lloyds Bank Chambers |
Hustlergate |
Bradford |
BD1 1UQ |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stock |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Balance Sheet - continued |
31 August 2024 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Keybury Security Systems Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the invoice value of goods and services supplied in the year, excluding value added tax. In the case of service contracts income is recognised either in accordance with planned service visits or otherwise on a time apportioned basis, the proportion of contract income unrecognised at the balance sheet date being deferred to the following year to match more closely work done. |
Tangible fixed assets and depreciation |
Tangible fixed assets are stated at cost less depreciation. |
Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates: |
Freehold buildings | - | 2% of cost |
Freehold land | - | Nil |
Fixtures, tools and equipment | - | 25% of book value |
Motor vehicles | - | 25% of book value |
Stock |
Stock is stated at the lower of cost and net realisable value. |
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 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 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. |
Pension contributions |
Pension contributions payable to the personal pension schemes of certain directors and contributions payable to the company's defined contribution pension scheme are charged to profit and loss account when incurred. |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
2. | ACCOUNTING POLICIES - continued |
Leasing and hire purchase |
Assets held under hire purchase and similar contracts are capitalised as tangible fixed assets and the corresponding liabilities to pay rentals are shown net of finance charges as hire purchase and similar obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period. |
Rentals under operating leases are charged to profit and loss account as incurred. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Land and | Plant and |
buildings | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Plant and equipment with a net book value of £53,409 (2023 - £87,288) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £17,806 (2023 - £29,099). |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts | 26,037 | 40,096 |
Trade creditors |
Corporation tax |
Social security and other taxes |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts | 10,592 | 36,629 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 4,000 | 4,000 |
10. | BANK SECURITY |
Bank borrowings are secured by a debenture over the assets of the company. There were no such such borrowings outstanding at 31 August 2024 (2023 - £23,720). |