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 2021

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

48,904

63,232

CURRENT ASSETS

Stocks

15,000

8,000

Debtors

5

243,064

436,116

Cash at bank

206,232

100,103

464,296

544,219

CREDITORS

Amounts falling due within one year

6

227,428

362,598

NET CURRENT ASSETS

236,868

181,621

TOTAL ASSETS LESS CURRENT LIABILITIES

285,772

244,853

CREDITORS

Amounts falling due after more than one year

7

(61,606

)

(40,910

)

PROVISIONS FOR LIABILITIES

(5,136

)

(7,593

)

NET ASSETS

219,030

196,350

CAPITAL AND RESERVES

Called up share capital

84

84

Capital redemption reserve

20

20

Retained earnings

218,926

196,246

SHAREHOLDERS' FUNDS

219,030

196,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2021 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 and authorised for issue on 10 June 2021 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 17 (2020 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 31 March 2020

84,723

139,675

224,398

Additions

2,781

-

2,781

At 30 March 2021

87,504

139,675

227,179

DEPRECIATION

At 31 March 2020

79,769

81,397

161,166

Charge for year

2,540

14,569

17,109

At 30 March 2021

82,309

95,966

178,275

NET BOOK VALUE

At 30 March 2021

5,195

43,709

48,904

At 30 March 2020

4,954

58,278

63,232

5.

DEBTORS

30.3.21

30.3.20

£

£

Amounts falling due within one year:

Trade debtors

153,630

344,464

Other debtors

73,845

76,063

227,475

420,527

Amounts falling due after more than one year:

Other debtors

15,589

15,589

Aggregate amounts

243,064

436,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.21

30.3.20

£

£

Bank loans and overdrafts

7,500

862

Hire purchase contracts

7,914

10,414

Trade creditors

70,383

164,313

Taxation and social security

103,706

77,249

Other creditors

37,925

109,760

227,428

362,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.21

30.3.20

£

£

Bank loans

42,500

-

Hire purchase contracts

19,106

27,021

Other creditors

-

13,889

61,606

40,910

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.21

30.3.20

£

£

Hire purchase contracts

27,020

37,435

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2021 and 30 March 2020:

30.3.21

30.3.20

£

£

A D Hurley

Balance outstanding at start of year

55,294

55,294

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,294

55,294

D R Reed

Balance outstanding at start of year

3,424

3,424

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,424

3,424