Company Registration No. 10185466 (England and Wales)
Stewart Security Systems Limited
Unaudited accounts
for the year ended 31 May 2018
Stewart Security Systems Limited
Unaudited accounts
Contents
Stewart Security Systems Limited
Company Information
for the year ended 31 May 2018
Company Number
10185466 (England and Wales)
Registered Office
2 Park Street
London
SW6 2FN
ENGLAND
Accountants
Abacus Accounting Solutions Limited
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Stewart Security Systems Limited
Statement of financial position
as at 31 May 2018
Tangible assets
14,823
10,145
Cash at bank and in hand
21,931
12,856
Creditors: amounts falling due within one year
(49,238)
(47,342)
Net current liabilities
(7,104)
(4,408)
Called up share capital
100
100
Profit and loss account
7,619
5,637
Shareholders' funds
7,719
5,737
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 April 2019.
William Stewart
Director
Company Registration No. 10185466
Stewart Security Systems Limited
Notes to the Accounts
for the year ended 31 May 2018
Stewart Security Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 10185466. The registered office is 2 Park Street, London, SW6 2FN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2017
6,108
2,913
2,599
1,907
13,527
Additions
-
3,023
5,457
2,275
10,755
Disposals
(1,512)
-
-
-
(1,512)
At 31 May 2018
4,596
5,936
8,056
4,182
22,770
At 1 June 2017
1,527
729
649
477
3,382
Charge for the year
862
1,302
1,852
927
4,943
On disposals
(378)
-
-
-
(378)
At 31 May 2018
2,011
2,031
2,501
1,404
7,947
At 31 May 2018
2,585
3,905
5,555
2,778
14,823
At 31 May 2017
4,581
2,184
1,950
1,430
10,145
Finished goods
14,002
27,645
Stewart Security Systems Limited
Notes to the Accounts
for the year ended 31 May 2018
Accrued income and prepayments
745
745
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,073
-
Other creditors
46,717
41,457
8
Operating lease commitments
2018
2017
At 31 May 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
10,146
-
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).
