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REGISTERED NUMBER: 03048064 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ADDED SECURITY TECHNOLOGY LIMITED

ADDED SECURITY TECHNOLOGY LIMITED (REGISTERED NUMBER: 03048064)

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


ADDED SECURITY TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr P R Sullivan





SECRETARY: Mrs S L Sullivan





REGISTERED OFFICE: Unit 2E Portchester Park
Hamilton Road
Portchester
Hampshire
PO6 4QE





REGISTERED NUMBER: 03048064 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

ADDED SECURITY TECHNOLOGY LIMITED (REGISTERED NUMBER: 03048064)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,755 241,526

CURRENT ASSETS
Stocks 73,975 76,397
Debtors 5 264,617 413,901
Cash at bank and in hand 720,813 569,851
1,059,405 1,060,149
CREDITORS
Amounts falling due within one year 6 126,944 139,080
NET CURRENT ASSETS 932,461 921,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,216

1,162,595

PROVISIONS FOR LIABILITIES 9,520 6,912
NET ASSETS 1,163,696 1,155,683

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,163,596 1,155,583
SHAREHOLDERS' FUNDS 1,163,696 1,155,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ADDED SECURITY TECHNOLOGY LIMITED (REGISTERED NUMBER: 03048064)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Mr P R Sullivan - Director


ADDED SECURITY TECHNOLOGY LIMITED (REGISTERED NUMBER: 03048064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Added Security Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income from the production, installation and maintenance of security systems net of V.A.T.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making allowances for obsolete and slow moving items. Work in progress is valued at cost plus attributable value.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 24 ) .

ADDED SECURITY TECHNOLOGY LIMITED (REGISTERED NUMBER: 03048064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 247,132 5,500 7,210 138,047 397,889
Additions - - 4,708 11,643 16,351
At 31 August 2024 247,132 5,500 11,918 149,690 414,240
DEPRECIATION
At 1 September 2023 41,986 4,764 4,250 105,363 156,363
Charge for year 2,471 148 3,418 11,085 17,122
At 31 August 2024 44,457 4,912 7,668 116,448 173,485
NET BOOK VALUE
At 31 August 2024 202,675 588 4,250 33,242 240,755
At 31 August 2023 205,146 736 2,960 32,684 241,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,517 410,104
Other debtors 22,100 3,797
264,617 413,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,242 61,000
Taxation and social security 67,846 62,479
Other creditors 4,856 15,601
126,944 139,080