S A Fire and Security Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02916866 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 March 2019

for

S A Fire and Security Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Reed

A D Hurley

REGISTERED OFFICE:

Boundary House

Boston Road

Hanwell

London

W7 2QE

REGISTERED NUMBER:

02916866 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

34,011

46,139

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

5

450,726

313,323

Cash at bank

126,421

266,733

585,147

588,056

CREDITORS

Amounts falling due within one year

6

286,496

262,681

NET CURRENT ASSETS

298,651

325,375

TOTAL ASSETS LESS CURRENT LIABILITIES

332,662

371,514

CREDITORS

Amounts falling due after more than one year

7

(49,722

)

(6,250

)

PROVISIONS FOR LIABILITIES

(1,072

)

(2,816

)

NET ASSETS

281,868

362,448

CAPITAL AND RESERVES

Called up share capital

9

84

84

Capital redemption reserve

10

20

20

Retained earnings

10

281,764

362,344

SHAREHOLDERS' FUNDS

281,868

362,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 October 2019 and were signed on its behalf by:

D R Reed - Director

A D Hurley - Director

1.	STATUTORY INFORMATION

S A Fire and Security Systems Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and is recognised as services

are provided. Revenue arising from maintenance contracts is apportioned equally, on a monthly basis, over the

period to which it relates.Turnover includes the relevant amount in respect of long term contracts which is

appropriate to the stage of completion of each contract at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured

at their settlement value.

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively

enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and

liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the

extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset

to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which

the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or

substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments

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.

Stock and long term contract balances

Stock excluding long term contract balances are included in the accounts at the lower of cost and net realisable

value.

Long term contract balances classified under the balance sheet heading of stocks are stated at total costs

incurred, net of amounts transferred to the profit and loss account in respect of work carried out to date, less

foreseeable losses and applicable payments on account. Cumulative turnover representing the amount earned in

respect of each long term contract up to the balance sheet date is compared with total payments on account for

each contract. Where turnover exceeds payments on account the amount is disclosed as "amounts recoverable on

contracts" within debtors. Where payments on account exceed the turnover, the amount is disclosed as

"payments on account" within creditors.

Where long term contracts are included within turnover, associated costs in respect of work carried out to date

are included in either trade creditors, or accrued expenses where such costs have not been invoiced prior to the

end of the period.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less

from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting

from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the

obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 31 March 2018

75,212

116,566

191,778

Additions

7,350

-

7,350

At 30 March 2019

82,562

116,566

199,128

DEPRECIATION

At 31 March 2018

68,135

77,504

145,639

Charge for year

9,713

9,765

19,478

At 30 March 2019

77,848

87,269

165,117

NET BOOK VALUE

At 30 March 2019

4,714

29,297

34,011

At 30 March 2018

7,077

39,062

46,139

5.

DEBTORS

30.3.19

30.3.18

£

£

Amounts falling due within one year:

Trade debtors

366,773

216,539

Other debtors

3,129

10,508

Directors' current accounts

58,769

49,533

Amounts recoverable on

contracts

9,440

24,717

Prepayments

150

-

438,261

301,297

Amounts falling due after more than one year:

Tax

12,465

12,026

Aggregate amounts

450,726

313,323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.19

30.3.18

£

£

Bank loans and overdrafts

8,489

6,474

Other loans

33,333

27,778

Hire purchase contracts

3,750

6,179

Trade creditors

73,933

41,148

Corporation tax

25,640

47,219

Social security and other taxes

18,541

14,851

VAT

71,258

52,025

Accruals and deferred income

51,552

67,007

286,496

262,681

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.19

30.3.18

£

£

Other loans - 2-5 years

47,222

-

Hire purchase contracts

2,500

6,250

49,722

6,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.19

30.3.18

£

£

Hire purchase contracts

6,250

12,429

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.19

30.3.18

value:

£

£

80

Ordinary

£1

80

80

2

Ordinary 'A'

£1

2

2

2

Ordinary 'B'

£1

2

2

84

84

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 31 March 2018

362,344

20

362,364

Profit for the year

54,170

54,170

Dividends

(134,750

)

(134,750

)

At 30 March 2019

281,764

20

281,784

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2019 and

30 March 2018:

30.3.19

30.3.18

£

£

A D Hurley

Balance outstanding at start of year

48,675

47,327

Amounts advanced

6,619

1,348

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,294

48,675

D R Reed

Balance outstanding at start of year

858

858

Amounts advanced

2,566

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,424

858