IRIS Accounts Production v25.1.0.734 07699660 Board of Directors 31.7.23 30.7.24 30.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076996602023-07-30076996602024-07-30076996602023-07-312024-07-30076996602022-07-31076996602022-08-012023-07-30076996602023-07-3007699660ns15:EnglandWales2023-07-312024-07-3007699660ns14:PoundSterling2023-07-312024-07-3007699660ns10:Director12023-07-312024-07-3007699660ns10:PrivateLimitedCompanyLtd2023-07-312024-07-3007699660ns10:SmallEntities2023-07-312024-07-3007699660ns10:AuditExempt-NoAccountantsReport2023-07-312024-07-3007699660ns10:SmallCompaniesRegimeForDirectorsReport2023-07-312024-07-3007699660ns10:SmallCompaniesRegimeForAccounts2023-07-312024-07-3007699660ns10:FullAccounts2023-07-312024-07-300769966012023-07-312024-07-3007699660ns5:CurrentFinancialInstruments2024-07-3007699660ns5:CurrentFinancialInstruments2023-07-3007699660ns5:Non-currentFinancialInstruments2024-07-3007699660ns5:Non-currentFinancialInstruments2023-07-3007699660ns5:ShareCapital2024-07-3007699660ns5:ShareCapital2023-07-3007699660ns5:RetainedEarningsAccumulatedLosses2024-07-3007699660ns5:RetainedEarningsAccumulatedLosses2023-07-3007699660ns10:RegisteredOffice2023-07-312024-07-3007699660ns5:IntangibleAssetsOtherThanGoodwill2023-07-312024-07-3007699660ns5:ComputerSoftware2023-07-312024-07-3007699660ns5:PlantMachinery2023-07-312024-07-3007699660ns5:FurnitureFittings2023-07-312024-07-3007699660ns5:MotorVehicles2023-07-312024-07-3007699660ns5:ComputerEquipment2023-07-312024-07-3007699660ns5:ComputerSoftware2023-07-3007699660ns5:ComputerSoftware2024-07-3007699660ns5:ComputerSoftware2023-07-3007699660ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3007699660ns5:PlantMachinery2023-07-3007699660ns5:FurnitureFittings2023-07-3007699660ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-312024-07-3007699660ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3007699660ns5:PlantMachinery2024-07-3007699660ns5:FurnitureFittings2024-07-3007699660ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3007699660ns5:PlantMachinery2023-07-3007699660ns5:FurnitureFittings2023-07-3007699660ns5:MotorVehicles2023-07-3007699660ns5:ComputerEquipment2023-07-3007699660ns5:MotorVehicles2024-07-3007699660ns5:ComputerEquipment2024-07-3007699660ns5:MotorVehicles2023-07-3007699660ns5:ComputerEquipment2023-07-3007699660ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3007699660ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-312024-07-3007699660ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3007699660ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3007699660ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3007699660ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-30076996601ns10:Director12023-07-30076996601ns10:Director12022-07-31076996601ns10:Director12023-07-312024-07-30076996601ns10:Director12022-08-012023-07-30076996601ns10:Director12024-07-30076996601ns10:Director12023-07-30
REGISTERED NUMBER: 07699660 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 July 2024

for

Assured Systems (Uk) Ltd

Assured Systems (Uk) Ltd (Registered number: 07699660)






Contents of the Financial Statements
for the Year Ended 30 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Assured Systems (Uk) Ltd (Registered number: 07699660)

Balance Sheet
30 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 11,440 12,870
Tangible assets 5 171,979 214,079
183,419 226,949

CURRENT ASSETS
Stocks 227,797 238,082
Debtors 6 692,324 566,339
Cash at bank 186,306 100,092
1,106,427 904,513
CREDITORS
Amounts falling due within one year 7 1,071,278 775,303
NET CURRENT ASSETS 35,149 129,210
TOTAL ASSETS LESS CURRENT LIABILITIES 218,568 356,159

CREDITORS
Amounts falling due after more than one year 8 (129,148 ) (170,926 )

PROVISIONS FOR LIABILITIES (38,295 ) (53,263 )
NET ASSETS 51,125 131,970

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 51,118 131,963
SHAREHOLDERS' FUNDS 51,125 131,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:



Mr J I Priest - Director


Assured Systems (Uk) Ltd (Registered number: 07699660)

Notes to the Financial Statements
for the Year Ended 30 July 2024

1. STATUTORY INFORMATION

Assured Systems (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07699660

Registered office: Unit A5 Douglas Park Opal Way
Stone Business Park
Stone
United Kingdom
ST15 0YJ

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 net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitles to consideration for the goods supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Assured Systems (Uk) Ltd (Registered number: 07699660)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 31 July 2023
and 30 July 2024 14,300
AMORTISATION
At 31 July 2023 1,430
Amortisation for year 1,430
At 30 July 2024 2,860
NET BOOK VALUE
At 30 July 2024 11,440
At 30 July 2023 12,870

Assured Systems (Uk) Ltd (Registered number: 07699660)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 31 July 2023 10,363 8,582 89,062
Additions - 5,266 432
Disposals - - (7,871 )
At 30 July 2024 10,363 13,848 81,623
DEPRECIATION
At 31 July 2023 10,363 2,753 43,976
Charge for year - 2,482 6,529
Eliminated on disposal - - (5,883 )
At 30 July 2024 10,363 5,235 44,622
NET BOOK VALUE
At 30 July 2024 - 8,613 37,001
At 30 July 2023 - 5,829 45,086

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 July 2023 240,089 35,098 383,194
Additions - 5,050 10,748
Disposals - (10,089 ) (17,960 )
At 30 July 2024 240,089 30,059 375,982
DEPRECIATION
At 31 July 2023 95,684 16,339 169,115
Charge for year 36,101 3,188 48,300
Eliminated on disposal - (7,529 ) (13,412 )
At 30 July 2024 131,785 11,998 204,003
NET BOOK VALUE
At 30 July 2024 108,304 18,061 171,979
At 30 July 2023 144,405 18,759 214,079

Assured Systems (Uk) Ltd (Registered number: 07699660)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 July 2023
and 30 July 2024 240,089
DEPRECIATION
At 31 July 2023 95,684
Charge for year 36,101
At 30 July 2024 131,785
NET BOOK VALUE
At 30 July 2024 108,304
At 30 July 2023 144,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,961 229,830
Other debtors 581,363 336,509
692,324 566,339

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,289 10,000
Hire purchase contracts 32,219 32,219
Trade creditors 241,521 280,376
Taxation and social security 99,805 53,076
Other creditors 687,444 399,632
1,071,278 775,303

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,773 18,333
Hire purchase contracts 120,375 152,593
129,148 170,926

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 152,594 184,812

The hire purchase liabilities are secured on the assets to which they relate.

Assured Systems (Uk) Ltd (Registered number: 07699660)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

10. OTHER FINANCIAL COMMITMENTS

Financial commitments, not shown in the balance sheet, amount to £103,198 (2023 £25,924). These financial commitments represent the total amount of remaining payments on leases which end between 2026 and 2028.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 July 2024 and the period ended 30 July 2023:

2024 2023
£    £   
Mr J I Priest
Balance outstanding at start of year 249,337 160,173
Amounts advanced 99,040 137,213
Amounts repaid - (48,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 348,377 249,337