2023-11-012024-10-312024-10-31false01732735DIRECT SECURITY SYSTEMS (MIDLANDS) 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DIRECT SECURITY SYSTEMS (MIDLANDS) LIMITED

Registered Number
01732735
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

DIRECT SECURITY SYSTEMS (MIDLANDS) LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

EASTMENT, David John
SMITH, Brian Thomas
SMITH, Jennifer

Company Secretary

SMITH, Allison

Registered Address

34 Waterloo Road
Wolverhampton
WV1 4DG

Registered Number

01732735 (England and Wales)
DIRECT SECURITY SYSTEMS (MIDLANDS) LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Cash at bank and on hand454,593550,099
454,593550,099
Creditors amounts falling due within one year3(2,406)(28,406)
Net current assets (liabilities)452,187521,693
Total assets less current liabilities452,187521,693
Net assets452,187521,693
Capital and reserves
Called up share capital102102
Profit and loss account452,085521,591
Shareholders' funds452,187521,693
The financial statements were approved and authorised for issue by the Board of Directors on 12 December 2024, and are signed on its behalf by:
SMITH, Brian Thomas
Director
Registered Company No. 01732735
DIRECT SECURITY SYSTEMS (MIDLANDS) LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.Average number of employees

20242023
Average number of employees during the year00
3.Creditors: amounts due within one year

2024

2023

££
Other creditors2,40628,406
Total2,40628,406