G.D. Security Systems Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01805191 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

G.D. Security Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Antoniou

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Docklands

London

E14 9XL

REGISTERED NUMBER:

01805191 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Tangible assets

4

57,097

24,602

CURRENT ASSETS

Stocks

3,699

4,732

Debtors

5

895,611

527,969

Cash at bank

383,212

507,927

1,282,522

1,040,628

CREDITORS

Amounts falling due within one year

6

892,440

627,925

NET CURRENT ASSETS

390,082

412,703

TOTAL ASSETS LESS CURRENT LIABILITIES

447,179

437,305

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

437,179

427,305

SHAREHOLDERS' FUNDS

447,179

437,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2023 and were signed by:

C Antoniou - Director

1.	STATUTORY INFORMATION

G.D. 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 represents net invoiced value of goods and services excluding value added tax. Income is recognised as services are performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred income

Income has been deferred where the sales invoiced value of services in the year covers a period, which extends beyond the year end.

Pensions

The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2022

-

-

267,204

92,920

360,124

Additions

19,150

6,415

-

25,278

50,843

At 30 April 2023

19,150

6,415

267,204

118,198

410,967

DEPRECIATION

At 1 May 2022

-

-

243,212

92,310

335,522

Charge for year

3,830

1,283

7,997

5,238

18,348

At 30 April 2023

3,830

1,283

251,209

97,548

353,870

NET BOOK VALUE

At 30 April 2023

15,320

5,132

15,995

20,650

57,097

At 30 April 2022

-

-

23,992

610

24,602

5.

DEBTORS

30.4.23

30.4.22

£

£

Amounts falling due within one year:

Trade debtors

679,553

233,760

Prepayments

13,931

27,382

693,484

261,142

Amounts falling due after more than one year:

Amounts owed by group undertakings

202,127

266,827

Aggregate amounts

895,611

527,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Hire purchase contracts (see note 7)

11,718

3,964

Trade creditors

53,609

152,839

Tax

70,508

43,969

Social security and other taxes

16,436

8,882

VAT

123,681

29,312

Other creditors

1,113

1,493

Deferred income

509,917

246,483

Accrued expenses

105,458

140,983

892,440

627,925

7.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.23

30.4.22

£

£

Net obligations repayable:

Within one year

11,718

3,964

8.	RELATED PARTY DISCLOSURES

During the year the company has declared dividends of £245,000 (2020 -£245,000) .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is OCL.

The ultimate controlling party is Bill Davis & Associates LLC.