NON ENTRY SYSTEMS LIMITED

NON ENTRY SYSTEMS LIMITED

NON ENTRY SYSTEMS LIMITED - Company Information

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NON ENTRY SYSTEMS LIMITED

Company Registration Number:
03052061 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

NON ENTRY SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

NON ENTRY SYSTEMS LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 5,709 6,204
Tangible assets: 4 439,742 452,786
Investments: 5 270,000 270,000
Total fixed assets: 715,451 728,990
Current assets
Stocks: 266,939 336,671
Debtors:   45,806 185,515
Cash at bank and in hand: 76,615 63,733
Total current assets: 389,360 585,919
Creditors: amounts falling due within one year: 6 (832,263) (834,353)
Net current assets (liabilities): (442,903) (248,434)
Total assets less current liabilities: 272,548 480,556
Creditors: amounts falling due after more than one year: 7 (106,424) (143,646)
Total net assets (liabilities): 166,124 336,910
Capital and reserves
Called up share capital: 95 95
Other reserves: 5 5
Profit and loss account: 166,024 336,810
Shareholders funds: 166,124 336,910

The notes form part of these financial statements

NON ENTRY SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 August 2020 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 July 2021
and signed on behalf of the board by:

Name: D J Shipton
Status: Director

The notes form part of these financial statements

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business , and is shown net of VAT and other sales related taxes . The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the considerationis the present value of the future receipts. The difference between the fair value of the consideration andthe nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can bemeasured reliably, it is probable that the economic benefits associated with the transaction will flow to theentity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stageof completion when the stage of completion, costs incurred and costs to complete can be estimatedreliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractualhourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimatedreliably, revenue is recognised only to the extent of the expenses recognised that it is probable will berecovered .

Tangible fixed assets and depreciation policy

Property, plant and equipmentProperty, plant and equipment are initially measured at cost and subsequently measured at cost orvaluation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Freehold land and buildings 2% per annumPlant and machinery 25% per annumFixtures, fittings & equipment 15% - 33% per annumMotor vehicles 25% per annumThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss .

Intangible fixed assets and amortisation policy

Intangible assets acquired separately from a business are recognised at cost and are subsequentlymeasured at cost less accumulated amortisation and accumulated impairment losses.Intangible assets acquired on business combinations are recognised separately from goodwill at theacquisition date where it is probable that the expected future economic benefits that are attributable to theasset will flow to the entity and the fair value of the asset can be measured reliably; the intangible assetarises from contractual or other legal rights; and the intangible asset is separable from the entity.Amortisation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Patents and Licences 5% per annum

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 15 15

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Intangible Assets

Total
Cost £
At 01 September 2019 9,900
At 31 August 2020 9,900
Amortisation
At 01 September 2019 3,696
Charge for year 495
At 31 August 2020 4,191
Net book value
At 31 August 2020 5,709
At 31 August 2019 6,204

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Tangible Assets

Total
Cost £
At 01 September 2019 879,753
Additions 183
At 31 August 2020 879,936
Depreciation
At 01 September 2019 426,967
Charge for year 13,227
At 31 August 2020 440,194
Net book value
At 31 August 2020 439,742
At 31 August 2019 452,786

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Fixed investments

Investment property comprises £270,000. The fair value of the investment property has been arrived at onthe basis of a valuation carried out at 08/05/2019 by Astleys Chartered Surveyors, who are not connectedwith the company. The valuation was made on an open market value basis by reference to marketevidence of transaction prices for similar properties.

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

6. Creditors: amounts falling due within one year note

The bank overdraft is secured by a fixed and floating charge over the assets of the company, and bypersonal guarantees given by D W & J Shipton.

NON ENTRY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

7. Creditors: amounts falling due after more than one year note

The loans are secured by a fixed and floating charge over the properties known as Dragon House, BruceRoad, Swansea West Industrial Estate, Swansea and Measurement House, Kingsway, Swansea WestIndustrial Estate, Swansea.