Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03096230 Mr Peter Oakley Mrs Valerie Oakley Miss Kim Oakley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03096230 2023-09-30 03096230 2024-09-30 03096230 2023-10-01 2024-09-30 03096230 frs-core:CurrentFinancialInstruments 2024-09-30 03096230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 03096230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03096230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 03096230 frs-core:MotorVehicles 2024-09-30 03096230 frs-core:MotorVehicles 2023-10-01 2024-09-30 03096230 frs-core:MotorVehicles 2023-09-30 03096230 frs-core:PlantMachinery 2024-09-30 03096230 frs-core:PlantMachinery 2023-10-01 2024-09-30 03096230 frs-core:PlantMachinery 2023-09-30 03096230 frs-core:ShareCapital 2024-09-30 03096230 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03096230 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03096230 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03096230 frs-bus:SmallEntities 2023-10-01 2024-09-30 03096230 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03096230 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03096230 frs-bus:Director1 2023-10-01 2024-09-30 03096230 frs-bus:Director1 2023-09-30 03096230 frs-bus:Director1 2024-09-30 03096230 frs-bus:Director2 2023-10-01 2024-09-30 03096230 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 03096230 frs-countries:EnglandWales 2023-10-01 2024-09-30 03096230 2022-09-30 03096230 2023-09-30 03096230 2022-10-01 2023-09-30 03096230 frs-core:CurrentFinancialInstruments 2023-09-30 03096230 frs-core:ShareCapital 2023-09-30 03096230 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03096230
Access & Security Systems Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03096230
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 133,089 157,201
133,089 157,201
CURRENT ASSETS
Stocks 5 13,697 13,095
Debtors 6 240,109 268,745
Cash at bank and in hand 198,170 232,735
451,976 514,575
Creditors: Amounts Falling Due Within One Year 7 (137,409 ) (182,350 )
NET CURRENT ASSETS (LIABILITIES) 314,567 332,225
TOTAL ASSETS LESS CURRENT LIABILITIES 447,656 489,426
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,101 ) (1,497 )
NET ASSETS 444,555 487,929
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 444,553 487,927
SHAREHOLDERS' FUNDS 444,555 487,929
Page 1
Page 2
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Oakley
Director
18/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Access & Security Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03096230 . The registered office is Unit 7 Bacchus House, Calleva Park, Aldermaston, Berkshire, RG7 8EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 October 2023 212,349 76,127 32,521 320,997
Additions - 1,144 7,809 8,953
Disposals - - (32,521 ) (32,521 )
As at 30 September 2024 212,349 77,271 7,809 297,429
Depreciation
As at 1 October 2023 88,294 67,372 8,130 163,796
Provided during the period 4,247 2,475 1,952 8,674
Disposals - - (8,130 ) (8,130 )
As at 30 September 2024 92,541 69,847 1,952 164,340
Net Book Value
As at 30 September 2024 119,808 7,424 5,857 133,089
As at 1 October 2023 124,055 8,755 24,391 157,201
5. Stocks
2024 2023
£ £
Stock 13,697 13,095
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,088 64,530
Amounts owed by participating interests 181,723 181,129
Other debtors 22,298 23,086
240,109 268,745
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,757 122,931
Other creditors 10,516 10,789
Taxation and social security 36,136 48,630
137,409 182,350
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Peter Oakley 3,344 4,487 3,344 - 4,487
The above loan is unsecured, interest free and repayable on demand.
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