Sterling Security Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02517455 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

STERLING SECURITY SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Williams

Mrs S E Williams

SECRETARY:

Mrs S E Williams

REGISTERED OFFICE:

The Old Council Chambers

Halford Street

Tamworth

Stafforshire

B79 7RB

REGISTERED NUMBER:

02517455 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

2,955

8,867

CURRENT ASSETS

Stocks

825

1,085

Debtors

5

15,760

26,409

Cash at bank

2,518

441

19,103

27,935

CREDITORS

Amounts falling due within one year

6

23,238

31,344

NET CURRENT LIABILITIES

(4,135

)

(3,409

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,180

)

5,458

CREDITORS

Amounts falling due after more than one
year

7

-

(3,819

)

PROVISIONS FOR LIABILITIES

(562

)

(1,700

)

NET LIABILITIES

(1,742

)

(61

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

(1,744

)

(63

)

SHAREHOLDERS' FUNDS

(1,742

)

(61

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

Mrs S E Williams - Director

1.	STATUTORY INFORMATION

Sterling Security Systems 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.

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.

The accounts have been prepared on the going concern basis due to the continuing support of the directors.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% - 33% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at lower of cost using the first in first out method, and estimated selling price less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

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.

3.

EMPLOYEES

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 December 2024

and 30 November 2025

5,944

850

23,646

30,440

DEPRECIATION

At 1 December 2024

5,944

850

14,779

21,573

Charge for year

-

5,912

At 30 November 2025

5,944

850

20,691

27,485

NET BOOK VALUE

At 30 November 2025

-

2,955

At 30 November 2024

-

8,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

470

1,578

Other debtors

15,290

24,831

15,760

26,409

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,316

5,393

Hire purchase contracts

1,344

5,950

Trade creditors

3,854

3,661

Taxation and social security

3,996

4,536

Other creditors

11,728

11,804

23,238

31,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

2,305

Hire purchase contracts

-

1,514

-

3,819

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £10,899 (2024 - £20,319) due from the directors. Interest of £354 (2024 - £582) has been charged on amounts due.

Interest has been calculated using the applicable official beneficial loan interest rate and there are no fixed repayment terms.