Computerised and Digital Security - Accounts to registrar (filleted) - small 18.2
Computerised and Digital Security - Accounts to registrar (filleted) - small 18.2
| Computerised and Digital Security |
| Systems Limited |
| Financial Statements for the Year Ended 31 January 2019 |
| Computerised and Digital Security |
| Systems Limited |
| Company Information |
| for the Year Ended 31 January 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Radnor House |
| Greenwood Close |
| Cardiff Gate Business Park |
| Cardiff |
| CF23 8AA |
| BANKERS: |
| Cardiff and The Vale Group of Branches |
| PO Box No 674 |
| 121 Queen Street |
| Cardiff |
| CF10 2XU |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Computerised and Digital Security |
| Systems 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 |
| Profit & Loss Account 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 Computerised and Digital Security Systems Limited for |
| the year ended 31 January 2019 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 Computerised and Digital Security Systems 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 Computerised and Digital Security Systems Limited and state those matters that we have agreed to state to the Board of Directors of Computerised and Digital Security Systems 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 Computerised and Digital Security Systems Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Computerised and Digital Security Systems 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 Computerised and Digital Security Systems Limited. You consider that Computerised and Digital Security Systems 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 Computerised and Digital Security Systems 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. |
| Chartered Accountants |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Balance Sheet |
| 31 January 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Balance Sheet - continued |
| 31 January 2019 |
| 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. |
| 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 signed on its behalf by: |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2019 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the net invoiced sales of goods and services, excluding value added |
| tax, in relation to the supply and installation of high technology security systems. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Investments in subsidiaries and associates |
| Investments in subsidiary and associate undertakings are recognised at cost. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. |
| 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. |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2019 |
| 1. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets held under finance leases and hire purchase contracts, which are those where |
| substantially all the risks and rewards of ownership of the asset have passed to the |
| company, are capitalised in the balance sheet and depreciated over their useful lives. |
| The interest element of the rental obligations is charged to the profit and loss account over |
| the period of the lease and represents a constant proportion of the balance of capital |
| repayments outstanding. |
| Rentals paid under operating leases are charged to income on a straight line basis over the |
| lease term. |
| Pension costs |
| 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. |
| Work in progress |
| Profit on long term contracts is taken as the work is carried out if the final outcome can be |
| assessed with reasonable certainty. The profit included is calculated on a prudent basis to |
| reflect the proportion of the work carried out at the year end, by recording turnover and |
| related costs as the contract activities progress. Turnover is calculated as that proportion of |
| total contract value which costs incurred to date bear in relation to total expected costs for |
| the contract. Revenues derived from variations on contracts are recognised only when they |
| have been accepted by the customer. Full provision is made for losses on all contracts in the |
| year in which they are first foreseen. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2019 |
| 3. | TANGIBLE FIXED ASSETS |
| Land and | Plant and | Motor |
| buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2018 |
| Additions |
| At 31 January 2019 |
| DEPRECIATION |
| At 1 February 2018 |
| Charge for year |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| At 31 January 2018 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in | Interest |
| group | in |
| undertakings | associate | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2018 |
| and 31 January 2019 | 684,041 |
| NET BOOK VALUE |
| At 31 January 2019 | 684,041 |
| At 31 January 2018 | 684,041 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Prepayments |
| Computerised and Digital Security |
| Systems Limited (Registered number: 02332983) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2019 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxes & social security costs |
| Other creditors & accruals |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 8) |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2019 | 2018 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |