West Valley Mobile Security Limited Accounts

West Valley Mobile Security Limited Accounts

WEST VALLEY MOBILE SECURITY LIMITED - Company Information

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West Valley Mobile Security Limited Filleted Accounts Cover
West Valley Mobile Security Limited
Company No. 03149421
Information for Filing with The Registrar
30 June 2020
West Valley Mobile Security Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2020.
Principal activities
The principal activity of the company during the year under review was that of mobile security.
Directors
The Directors who served at any time during the year were as follows:
S.M. Barry
C. Coe
P. Consterdine
A. Hurlston
(Resigned 25 July 2019)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C. Coe
Director
30 June 2021
West Valley Mobile Security Limited Balance Sheet Registrar
at
30 June 2020
Company No.
03149421
Notes
2020
2019
£
£
Fixed assets
Tangible assets
4
27,42536,567
27,42536,567
Current assets
Debtors
5
653,162590,095
Cash at bank and in hand
60,49174,515
713,653664,610
Creditors: Amount falling due within one year
6
(463,370)
(394,166)
Net current assets
250,283270,444
Total assets less current liabilities
277,708307,011
Creditors: Amounts falling due after more than one year
7
(189,792)
(191,667)
Net assets
87,916115,344
Capital and reserves
Called up share capital
100100
Profit and loss account
8
87,816115,244
Total equity
87,916115,344
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 June 2021
And signed on its behalf by:
C. Coe
Director
30 June 2021
West Valley Mobile Security Limited Notes to the Accounts Registrar
for the year ended 30 June 2020
1
General information
Its registered number is: 03149421
Its registered office is:
Lincolns View Oakgreen
Stanley Business Park
Cheadle Hulme
Stockport
SK8 6QL
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2020
2019
Number
Number
The average monthly number of employees (including directors) during the year was:
3731
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 July 2019
165,477165,477
At 30 June 2020
165,477165,477
Depreciation
At 1 July 2019
128,910128,910
Charge for the year
9,1429,142
At 30 June 2020
138,052138,052
Net book values
At 30 June 2020
27,42527,425
At 30 June 2019
36,56736,567
5
Debtors
2020
2019
£
£
Trade debtors
16,254-
Corporation tax recoverable
4,294-
Other debtors
562,960520,441
Prepayments and accrued income
69,65469,654
653,162590,095
6
Creditors:
amounts falling due within one year
2020
2019
£
£
Bank loans and overdrafts
1,875-
Other loans
50,00050,000
Obligations under finance lease and hire purchase contracts
-6,728
Trade creditors
33,839-
Other taxes and social security
155,00293,742
Other creditors
57,84388,000
Accruals and deferred income
164,811155,696
463,370394,166
7
Creditors:
amounts falling due after more than one year
2020
2019
£
£
Bank loans and overdrafts
48,125-
Other loans
141,667191,667
189,792191,667
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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