Company Registration No. 06475405 (England and Wales)
A B SECURITY AND ELECTRICAL LIMITED
Unaudited accounts
for the year ended 31 January 2022
A B SECURITY AND ELECTRICAL LIMITED
Unaudited accounts
Contents
A B SECURITY AND ELECTRICAL LIMITED
Company Information
for the year ended 31 January 2022
Company Number
06475405 (England and Wales)
Registered Office
3 High Street
Ibstock
Leicestershire
LE67 6LG
UK
Accountants
City Tax Shop Limited
8 Ridge House Drive
Festival Park
Stoke-on-Trent
Staffs
ST1 5SJ
A B SECURITY AND ELECTRICAL LIMITED
Statement of financial position
as at 31 January 2022
Cash at bank and in hand
20,529
6,422
Creditors: amounts falling due within one year
(18,923)
(12,980)
Net current assets
18,144
19,916
Total assets less current liabilities
18,325
20,142
Creditors: amounts falling due after more than one year
(17,478)
(20,000)
Provisions for liabilities
Called up share capital
50
50
Profit and loss account
763
49
Shareholders' funds
813
99
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2022 and were signed on its behalf by
A E Bailey
Director
Company Registration No. 06475405
A B SECURITY AND ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 31 January 2022
A B SECURITY AND ELECTRICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06475405. The registered office is 3 High Street, Ibstock, Leicestershire, LE67 6LG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
A B SECURITY AND ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 31 January 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2021
1,309
2,071
3,380
At 31 January 2022
1,309
2,071
3,380
At 1 February 2021
1,237
1,917
3,154
Charge for the year
14
31
45
At 31 January 2022
1,251
1,948
3,199
At 31 January 2022
58
123
181
At 31 January 2021
72
154
226
Amounts falling due within one year
Trade debtors
12,134
15,976
Accrued income and prepayments
704
500
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
5,855
7,920
Taxes and social security
2,920
(364)
Loans from directors
2,047
-
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).
