Acclaim Safety Systems Limited - Accounts to registrar (filleted) - small 18.2
Acclaim Safety Systems Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2022 |
| for |
| Acclaim Safety Systems Limited |
| Acclaim Safety Systems Limited (Registered number: 03923418) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2022 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Acclaim Safety Systems Limited |
| Company Information |
| for the Year Ended 28 February 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 271 High Street |
| Berkhamsted |
| Hertfordshire |
| HP4 1AA |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Acclaim Safety Systems Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acclaim Safety Systems Limited for the year ended 28 February 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Acclaim Safety Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acclaim Safety Systems Limited and state those matters that we have agreed to state to the Board of Directors of Acclaim Safety Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acclaim Safety Systems Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Acclaim Safety Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acclaim Safety Systems Limited. You consider that Acclaim Safety Systems Limited 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 financial statements of Acclaim Safety 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 statutory financial statements. |
| 271 High Street |
| Berkhamsted |
| Hertfordshire |
| HP4 1AA |
| Acclaim Safety Systems Limited (Registered number: 03923418) |
| Balance Sheet |
| 28 February 2022 |
| 28.2.22 | 28.2.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Acclaim Safety Systems Limited (Registered number: 03923418) |
| Balance Sheet - continued |
| 28 February 2022 |
| 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 |
| Acclaim Safety Systems Limited (Registered number: 03923418) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2022 |
| 1. | STATUTORY INFORMATION |
| Acclaim Safety Systems Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 March 2021 |
| and 28 February 2022 |
| DEPRECIATION |
| At 1 March 2021 |
| Charge for year |
| At 28 February 2022 |
| NET BOOK VALUE |
| At 28 February 2022 |
| At 28 February 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.22 | 28.2.21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Acclaim Safety Systems Limited (Registered number: 03923418) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2022 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.22 | 28.2.21 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Included in other creditors is an amount of £425,657 which represents deferred income. This is income that was received in the 2021-22 financial year relating to annual subscription service periods that had not completed as at 28 February 2022 (2021 £401,380). |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.22 | 28.2.21 |
| £ | £ |
| Bank loans |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.22 | 28.2.21 |
| value: | £ | £ |
| NIL | Ordinary | £1 | - | 300 |
| Ordinary A | £1 | 45 | 150 |
| Ordinary B | £1 | 45 | 150 |
| Ordinary C | £1 | 510 | - |
| 600 | 600 |
| On 28 February 2022 300 Ordinary shares were re-designated in to 45 Ordinary A shares of £1 each, 45 Ordinary B shares of £1 each and 210 Ordinary C shares of £1 each. |
| On the same date, 105 Ordinary A share shares were re-designated in to 105 Ordinary C shares of £1 each and 105 Ordinary B share shares were re-designated in to 105 Ordinary C shares of £1 each. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Pace It Systems Holdings Ltd by virtue of its shareholdings w.e.f. 28/02/2022 |