D.A. Security Systems Limited
D.A. Security Systems Limited
Registered number: 03761906
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2019
D.A. Security Systems Limited
Unaudited Financial Statements
For The Year Ended 31 July 2019
Unaudited Financial Statements
| Contents | |
| Page | |
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| Accountants' Report | 1 |
| Abridged Balance Sheet | 2—3 |
| Notes to the Abridged Financial Statements | 4—7 |
D.A. Security Systems Limited
Accountants' Report
For The Year Ended 31 July 2019
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of D.A. Security Systems Limited For The Year Ended 31 July 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D.A. Security Systems Limited For The Year Ended 31 July 2019 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of D.A. Security Systems Limited , 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 D.A. Security Systems Limited and state those matters that we have agreed to state to the directors of D.A. Security Systems Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.A. Security Systems Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that D.A. Security Systems Limited 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 or loss of D.A. Security Systems Limited . You consider that D.A. Security Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of D.A. 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 financial statements.
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Chartered Accountants
Units 1-2 Warrior Court
9-11 Mumby Road
Gosport
Hampshire
PO12 1BS
Page 1
D.A. Security Systems Limited
Abridged Balance Sheet
As at
31 July 2019
Abridged Balance Sheet
Registered number:
03761906
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 118 | 326 | |||
Page 2
D.A. Security Systems Limited
Abridged Balance Sheet (continued)
As at
31 July 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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Director
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The notes on pages 4 to 7 form part of these financial statements.
Page 3
D.A. Security Systems Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 July 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been fully amortised to profit and loss account over its estimated economic life of 20 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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| Fixtures and Equipment |
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| Computer Equipment |
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1.5.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Page 4
D.A. Security Systems Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2019
1.7.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
2.
Average Number of Employees
The average number of persons employed under contracts of service during the year was: 2 (2017: 4)
Page 5
D.A. Security Systems Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2019
3.
Intangible Assets
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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4.
Tangible Assets
| Total | |
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| Cost | |
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| Additions |
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| Depreciation | |
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| Net Book Value | |
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
Page 6
D.A. Security Systems Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2019
| 2019 | 2018 | ||
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| £ | £ | ||
| Motor Vehicles |
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5.
Obligations Under Finance Leases and Hire Purchase
| 2019 | 2018 | ||
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| £ | £ | ||
| The maturity of these amounts is as follows: | |||
| Amounts Payable: | |||
| Within one year |
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7.
General Information
D.A. Security Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03761906 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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