Close Circuit Security Services Limited - Accounts to registrar (filleted) - small 18.2
Close Circuit Security Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2018 |
| for |
| Close Circuit Security Services Limited |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 10 |
| Close Circuit Security Services Limited |
| Company Information |
| for the Year Ended 30 November 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hanover Court |
| 5 Queen Street |
| Lichfield |
| Staffordshire |
| WS13 6QD |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Balance Sheet |
| 30 November 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Balance Sheet - continued |
| 30 November 2018 |
| 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 on |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2018 |
| 1. | STATUTORY INFORMATION |
| Close Circuit Security Services Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and 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. |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 December 2017 |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Transfer to ownership | - | (140,428 | ) | - | (140,428 | ) |
| At 30 November 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| Transfer to ownership | - | (64,021 | ) | - | (64,021 | ) |
| At 30 November 2018 |
| NET BOOK VALUE |
| At 30 November 2018 |
| At 30 November 2017 |
| 5. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts owed by group undertakings comprises amounts owed by MY Hulse Holdings Limited. |
| Included in other debtors is an amount owed by UK Security Doors Limited totalling £313,866 (2017 - |
| £273,866), the directors of this company Mr M Hulse and Mrs S Kerr are also directors. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans (see note 9) |
| Hire purchase contracts |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Amounts falling due between two and five years: |
| Bank loans - 1-5 years |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2018 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a first legal charge over the company's freehold property, a debenture over all of its |
| assets, a cross guarantee for £750,000 given by M.Y. Hulse Holdings Limited and a debenture over the assets of |
| M.Y. Hulse Holdings Limited and a cross guarantee with UK Security Doors Limited supported by a debenture |
| over the assets of UK Security Doors Limited. |
| The bank loan, the aggregate total of which amounts to £367,604 is repayable by monthly instalments. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary A | £1 | 100 | 100 |
| Ordinary B | £1 | 25 | 25 |
| 125 | 125 |
| The ordinary A shares and ordinary B shares are separate classes of shares for the purpose of declaring |
| dividends. |
| In all other respects, the shares rank pari passu. |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 December 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 November 2018 |
| 13. | CONTINGENT LIABILITIES |
| The company has entered into an unlimited cross guarantee with M Y Hulse Holdings Limited, the parent |
| company, in respect of this company's bank indebtedness, which amounted to £367,604 at 30 November 2018. |
| Close Circuit Security Services Limited (Registered number: 03543850) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2018 |
| 14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 November 2018 and |
| 30 November 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 15. | RELATED PARTY DISCLOSURES |
| M. Y. Hulse Holdings limited |
| Parent company |
| M.Y. Hulse Holdings Limited owns 100% of the ordinary share capital of Close Circuit Security Services |
| Limited. |
| Amount owed by M.Y. Hulse Holdings Limited at 30 November 2018 £386,255 (2017 - £266,255) |
| The amount owed by M.Y.Hulse Holdings Limited (included in the debtors note to the accounts) is unsecured |
| and has no specific terms regarding payment of interest. The amount due is repayable on demand but the |
| directors of Close Circuit Security Services Limited have given their assurance that payment of this will not be |
| demanded until such time as M.Y. Hulse Holdings Limited can afford to do so without financial detriment. |
| UK Security Doors Limited |
| A company in which the directors are also directors and shareholders |
| Amount owed by UK Security Doors Limited at 30 November 2018 £313,866 (2017 - £273,866) |
| The amount owed by UK Security Doors Limited (included in the debtors note to the accounts) is unsecured and |
| has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of |
| Close Circuit Security Services Limited have given their assurance that payment of this will not be demanded |
| until such time as UK Security Doors Limited can afford to do so without financial detriment. |
| 16. | ULTIMATE CONTROLLING PARTY |
| The controlling party is M Y Hulse Holdings Limited - Controlled by the Director's throughout the year |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Close Circuit Security Services Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Close Circuit Security Services Limited for the year ended 30 November 2018 which comprise |
| the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Close Circuit Security Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Close Circuit Security Services Limited and state those matters that we have agreed to state to the Board of Directors of Close Circuit Security Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Close Circuit Security Services Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Close Circuit Security Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Close Circuit Security Services Limited. You consider that Close Circuit Security Services Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Close Circuit Security Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Hanover Court |
| 5 Queen Street |
| Lichfield |
| Staffordshire |
| WS13 6QD |