Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04537357 Mrs K Martin Mr S J Martin Mr R P Parsons Mr S T Trench Mrs K Martin Mr S J Martin, Mrs K Martin and Mr R Parsons true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04537357 2023-07-31 04537357 2024-07-31 04537357 2023-08-01 2024-07-31 04537357 frs-core:CurrentFinancialInstruments 2024-07-31 04537357 frs-core:Non-currentFinancialInstruments 2024-07-31 04537357 frs-core:BetweenOneFiveYears 2024-07-31 04537357 frs-core:ComputerEquipment 2024-07-31 04537357 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04537357 frs-core:ComputerEquipment 2023-07-31 04537357 frs-core:MotorVehicles 2024-07-31 04537357 frs-core:MotorVehicles 2023-08-01 2024-07-31 04537357 frs-core:MotorVehicles 2023-07-31 04537357 frs-core:WithinOneYear 2024-07-31 04537357 frs-core:ShareCapital 2024-07-31 04537357 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04537357 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04537357 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04537357 frs-bus:SmallEntities 2023-08-01 2024-07-31 04537357 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04537357 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04537357 1 2023-08-01 2024-07-31 04537357 frs-bus:Director1 2023-08-01 2024-07-31 04537357 frs-bus:Director2 2023-08-01 2024-07-31 04537357 frs-bus:Director3 2023-08-01 2024-07-31 04537357 frs-bus:Director4 2023-08-01 2024-07-31 04537357 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04537357 frs-countries:EnglandWales 2023-08-01 2024-07-31 04537357 2022-07-31 04537357 2023-07-31 04537357 2022-08-01 2023-07-31 04537357 frs-core:CurrentFinancialInstruments 2023-07-31 04537357 frs-core:Non-currentFinancialInstruments 2023-07-31 04537357 frs-core:BetweenOneFiveYears 2023-07-31 04537357 frs-core:WithinOneYear 2023-07-31 04537357 frs-core:ShareCapital 2023-07-31 04537357 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04537357
SKS Security Systems Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04537357
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,545 56,457
59,545 56,457
CURRENT ASSETS
Debtors 5 97,700 149,245
Cash at bank and in hand 47,840 80,989
145,540 230,234
Creditors: Amounts Falling Due Within One Year 6 (135,310 ) (139,158 )
NET CURRENT ASSETS (LIABILITIES) 10,230 91,076
TOTAL ASSETS LESS CURRENT LIABILITIES 69,775 147,533
Creditors: Amounts Falling Due After More Than One Year 7 (43,548 ) (39,197 )
NET ASSETS 26,227 108,336
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 25,227 107,336
SHAREHOLDERS' FUNDS 26,227 108,336
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For the year ending 31 July 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
Mrs K Martin
Director
Mr S J Martin
Director
19 March 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SKS Security Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04537357 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
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.
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:
Motor Vehicles 25% reducing balance
Office Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Motor Vehicles Office Equipment Total
£ £ £
Cost
As at 1 August 2023 117,587 17,738 135,325
Additions 26,178 842 27,020
Disposals (12,900 ) - (12,900 )
As at 31 July 2024 130,865 18,580 149,445
Depreciation
As at 1 August 2023 66,823 12,045 78,868
Provided during the period 18,216 1,635 19,851
Disposals (8,819 ) - (8,819 )
As at 31 July 2024 76,220 13,680 89,900
Net Book Value
As at 31 July 2024 54,645 4,900 59,545
As at 1 August 2023 50,764 5,693 56,457
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 84,935 141,434
Other debtors 10,987 7,811
95,922 149,245
Due after more than one year
Other debtors 1,778 -
97,700 149,245
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,149 -
Trade creditors 49,667 50,854
Bank loans and overdrafts 10,690 13,909
Other creditors 7,725 8,972
Taxation and social security 65,079 65,423
135,310 139,158
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,041 -
Bank loans 28,507 39,197
43,548 39,197
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,149 -
Later than one year and not later than five years 15,041 -
17,190 -
17,190 -
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £845 (2023: £1,048) were due to the fund. They are included in other creditors.
11. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the directors, Mr S J Martin and Mrs K Martin amounting to £9 (2023: £4).
Included in other creditors due within one year is a loan from the director, Mr R Parsons amounting to £Nil (2023: £3).
Included in other debtors due within one year is a loan to the director, Mr S Trench amounting to £5,268 (2023: £NIL).
12. Ultimate Controlling Party
The company was controlled throughout the current and previous period by its directors, Mr S J Martin, Mrs K Martin and Mr R Parsons by virtue of the fact that they own all of the company's ordinary issued share capital.
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