Total Security Installations Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02779043 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOTAL SECURITY INSTALLATIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A J Terry

Mr P S Terry

Mr P A Terry

SECRETARY:

Mr P S Terry

REGISTERED OFFICE:

Unit 5 Dolphin Point

Dolphin Way

Purfleet

Essex

RM19 1NR

REGISTERED NUMBER:

02779043 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

80,508

82,638

Tangible assets

5

138,204

156,786

218,712

239,424

CURRENT ASSETS

Stocks

776,901

558,540

Debtors

1,732,286

1,342,030

Cash at bank

69

75

2,509,256

1,900,645

CREDITORS

Amounts falling due within one year

2,239,450

1,468,295

NET CURRENT ASSETS

269,806

432,350

TOTAL ASSETS LESS CURRENT
LIABILITIES

488,518

671,774

CREDITORS

Amounts falling due after more than one
year

74,001

117,783

NET ASSETS

414,517

553,991

CAPITAL AND RESERVES

Called up share capital

31,763

Share premium

35,615

Capital redemption reserve

49,000

Retained earnings

298,139

437,613

SHAREHOLDERS' FUNDS

414,517

553,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr P A Terry - Director

1.	STATUTORY INFORMATION

Total Security Installations 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

The development costs are being written off over a period of ten years on a straight line basis.

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.

Short leasehold

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Income Statement, 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.

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.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

198,665

Additions

10,363

At 31 December 2024

209,028

AMORTISATION

At 1 January 2024

116,027

Amortisation for year

12,493

At 31 December 2024

128,520

NET BOOK VALUE

At 31 December 2024

80,508

At 31 December 2023

82,638

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

472,999

Additions

8,394

At 31 December 2024

481,393

DEPRECIATION

At 1 January 2024

316,213

Charge for year

26,976

At 31 December 2024

343,189

NET BOOK VALUE

At 31 December 2024

138,204

At 31 December 2023

156,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

50,240

DEPRECIATION

At 1 January 2024

12,934

Charge for year

9,327

At 31 December 2024

22,261

NET BOOK VALUE

At 31 December 2024

27,979

At 31 December 2023

37,306

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank overdrafts

99,165

51,293

Bank loans

294,840

207,239

Hire purchase contracts

15,382

30,764

409,387

289,296

Hire purchase contracts are secured over the asset to which they relate.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mr P S Terry

Balance outstanding at start of year

-

Amounts advanced

92,672

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

92,672

-

Mr P A Terry

Balance outstanding at start of year

-

Amounts advanced

119,648

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

119,648

-