Camera Security Services Ltd Filleted accounts for Companies House (small and micro)

CAMERA SECURITY SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03509995

Camera Security Services Ltd

Filleted Unaudited Financial Statements

30 September 2018

Camera Security Services Ltd

Statement of Financial Position

30 September 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		87,021	12,535

Current assets

Stocks		15,853	25,000
Debtors	6	239,051	220,815
Cash at bank and in hand		128,192	60,989
		---------	---------
		383,096	306,804

Creditors: amounts falling due within one year	7	368,375		283,419
		---------		---------
Net current assets			14,721	23,385
			---------	--------
Total assets less current liabilities			101,742	35,920

Provisions

Taxation including deferred tax	14,731	2,115
	---------	--------
Net assets	87,011	33,805
	---------	--------

Capital and reserves

Called up share capital	16,001	16,001
Capital redemption reserve	3,999	3,999
Profit and loss account	67,011	13,805
	--------	--------
Shareholders funds	87,011	33,805
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Camera Security Services Ltd

Statement of Financial Position (continued)

30 September 2018

These financial statements were approved by the board of directors and authorised for issue on 16 May 2019 , and are signed on behalf of the board by:

Mr J L Bray	Miss S Bray
Director	Director

Company registration number: 03509995

Camera Security Services Ltd

Notes to the Financial Statements

Year ended 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 14 Villiers House, Lansdowne Court, Bumpers Way, Chippenham, Wiltshire, SN14 6RZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2017: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2017	15,232	46,397	12,000	73,629
Additions	77,621	20,302	10,318	108,241
	--------	--------	--------	---------
At 30 September 2018	92,853	66,699	22,318	181,870
	--------	--------	--------	---------
Depreciation
At 1 October 2017	12,797	43,047	5,250	61,094
Charge for the year	20,017	9,470	4,268	33,755
	--------	--------	--------	---------
At 30 September 2018	32,814	52,517	9,518	94,849
	--------	--------	--------	---------
Carrying amount
At 30 September 2018	60,039	14,182	12,800	87,021
	--------	--------	--------	---------
At 30 September 2017	2,435	3,350	6,750	12,535
	--------	--------	--------	---------

6. Debtors

	2018	2017
	£	£
Trade debtors	157,842	139,705
Amounts owed by group undertakings and undertakings in which the company has a participating interest	80,613	77,878
Other debtors	596	3,232
	---------	---------
	239,051	220,815
	---------	---------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	103,593	78,785
Corporation tax	38,849	4,921
Social security and other taxes	24,687	29,733
Other creditors	201,246	169,980
	---------	---------
	368,375	283,419
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J L Bray	( 1,073)	( 240)	( 1,313)
	-------	----	-------

	2017
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J L Bray	( 657)	( 416)	( 1,073)
	----	----	-------