Registered number
04066468
TEL-CAM SECURITY SYSTEM LIMITED
Filleted Accounts
30 September 2024
TEL-CAM SECURITY SYSTEM LIMITED
Registered number: 04066468
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,081 40,353
Current assets
Stocks 49,750 41,225
Debtors 4 116,075 54,695
Cash at bank and in hand 23,600 47,615
189,425 143,535
Creditors: amounts falling due within one year 5 (133,763) (86,987)
Net current assets 55,662 56,548
Total assets less current liabilities 93,743 96,901
Creditors: amounts falling due after more than one year 6 (35,581) (65,312)
Net assets 58,162 31,589
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,062 31,489
Shareholders' funds 58,162 31,589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Rajinder Singh Dhunay
Director
Approved by the board on 16 April 2025
TEL-CAM SECURITY SYSTEM LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Plant, machinery and equipments 20% reducing balance
Fixtures and fittings 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Fixtures and fittings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 23,356 80,746 44,952 149,054
Additions 6,658 591 - 7,249
At 30 September 2024 30,014 81,337 44,952 156,303
Depreciation
At 1 October 2023 22,016 60,402 26,283 108,701
Charge for the year 1,600 4,187 3,734 9,521
At 30 September 2024 23,616 64,589 30,017 118,222
Net book value
At 30 September 2024 6,398 16,748 14,935 38,081
At 30 September 2023 1,340 20,344 18,669 40,353
4 Debtors 2024 2023
£ £
Trade debtors 54,530 13,695
Other debtors 61,545 41,000
116,075 54,695
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 6,648
Amounts owed to group undertakings - 52,300
Taxation and social security costs 37,547 19,187
Other creditors 96,216 8,852
133,763 86,987
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,931 56,146
Obligations under finance lease and hire purchase contracts - 8,516
Other creditors 650 650
35,581 65,312
7 Other information
TEL-CAM SECURITY SYSTEM LIMITED is a private company limited by shares and incorporated in England. Its registered office is: 5 Broadway Building, Boston Road W7 3TT.
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