ALC Security Systems Ltd - Period Ending 2018-11-29
ALC Security Systems Ltd - Period Ending 2018-11-29
Registration number:
ALC Security Systems Ltd
trading as
for the Year Ended 29 November 2018
Chartered Certified Accountants
39 Oakdale Road
Bakersfield
Nottingham
NG3 7EL
ALC Security Systems Ltd
trading as Entry Solutions
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
ALC Security Systems Ltd
trading as Entry Solutions
Company Information
Director |
Mr Alan Colclough |
Registered office |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ALC Security Systems Ltd
trading as Entry Solutions
for the Year Ended 29 November 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ALC Security Systems Ltd for the year ended 29 November 2018 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of ALC Security Systems Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ALC Security Systems Ltd and state those matters that we have agreed to state to the Board of Directors of ALC Security Systems Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALC Security Systems Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ALC Security Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ALC Security Systems Ltd. You consider that ALC Security Systems Ltd 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 accounts of ALC Security Systems Ltd. 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 accounts.
......................................
Chartered Certified Accountants
Bakersfield
Nottingham
NG3 7EL
Page 2 |
ALC Security Systems Ltd
trading as Entry Solutions
(Registration number: 05996253)
Abridged Balance Sheet as at 29 November 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 3 |
ALC Security Systems Ltd
trading as Entry Solutions
(Registration number: 05996253)
Abridged Balance Sheet as at 29 November 2018
For the financial year ending 29 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Mr Alan Colclough
Director
Page 4 |
ALC Security Systems Ltd
trading as Entry Solutions
Statement of Changes in Equity for the Year Ended 29 November 2018
Share capital |
Profit and loss account |
Total |
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At 30 November 2017 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 29 November 2018 |
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Share capital |
Profit and loss account |
Total |
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At 30 November 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 29 November 2017 |
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Page 5 |
ALC Security Systems Ltd
trading as Entry Solutions
Notes to the Abridged Financial Statements for the Year Ended 29 November 2018
General information |
The company (registered number 05996253) is a private company limited by share capital incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A - Small Entities (effective September 2015) and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention.
The financial statements are presented in £ Sterling.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and equipment |
25% per annum of cost |
Motor vehicles |
25% per annum of net book value |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
Straight line basis over 5 years |
Page 6 |
ALC Security Systems Ltd
trading as Entry Solutions
Notes to the Abridged Financial Statements for the Year Ended 29 November 2018
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 7 |
ALC Security Systems Ltd
trading as Entry Solutions
Notes to the Abridged Financial Statements for the Year Ended 29 November 2018
Intangible assets |
Total |
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Cost or valuation |
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At 30 November 2017 |
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At 29 November 2018 |
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Amortisation |
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At 30 November 2017 |
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At 29 November 2018 |
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Carrying amount |
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At 29 November 2018 |
- |
Tangible assets |
Total |
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Cost or valuation |
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At 30 November 2017 |
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At 29 November 2018 |
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Depreciation |
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At 30 November 2017 |
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Charge for the year |
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At 29 November 2018 |
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Carrying amount |
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At 29 November 2018 |
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At 29 November 2017 |
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Page 8 |