Computerised and Digital Security - Accounts to registrar - small 16.1

Computerised and Digital Security

Systems Limited

Financial Statements for the Year Ended 31 January 2016

DIRECTORS:

G D Britton

S A Moon

A Williams

SECRETARY:

N Moon

REGISTERED OFFICE:

Penbwch Isaf Farm

Penycoedcae Road

Pontypridd

CF37 1PU

REGISTERED NUMBER:

02332983 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

BANKERS:

Barclays Bank plc

Cardiff and The Vale Group of Branches

PO Box No 674

121 Queen Street

Cardiff

CF10 2XU

The following reproduces the text of the report prepared for the directors and members 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 Profit & Loss

Account 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 Computerised and Digital Security Systems Limited for the year ended

31 January 2016 which comprise the Profit and Loss Account, 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Computerised and Digital Security 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 Computerised and Digital Security Systems Limited and state those matters that we have agreed to state to the Board of Directors of Computerised and Digital Security Systems Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Computerised and Digital Security 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 Computerised and Digital Security Systems Limited. You consider that Computerised and Digital Security 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 Computerised and Digital Security 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.

BPU Limited

Chartered Accountants

13 June 2016

FIXED ASSETS

Tangible assets

2

593,229

518,881

Investments

3

684,001

684,001

1,277,230

1,202,882

CURRENT ASSETS

Stocks

113,179

159,242

Debtors: amounts falling due within one year

4

955,590

848,491

Cash at bank

83,222

122,449

1,151,991

1,130,182

CREDITORS

Amounts falling due within one year

5

803,861

630,416

NET CURRENT ASSETS

348,130

499,766

TOTAL ASSETS LESS CURRENT LIABILITIES

1,625,360

1,702,648

CREDITORS

Amounts falling due after more than one year

6

(543,347

)

(652,065

)

PROVISIONS FOR LIABILITIES

(5,200

)

(14,000

)

DEFERRED INCOME

(128,650

)

(90,555

)

NET ASSETS

948,163

946,028

CAPITAL AND RESERVES

Called up share capital

2,239

2,239

Share premium

24,261

24,261

Retained earnings

921,663

919,528

SHAREHOLDERS' FUNDS

948,163

946,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 10 June 2016 and were signed on its behalf by:

S A Moon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced sales of goods and services, excluding value added tax, in

relation to the supply and installation of high technology security systems.

Tangible fixed assets

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

Land and buildings

-

2% straight line

Plant and machinery

-

20% reducing balance

Motor vehicles

-

25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred tax

Full provision is made for deferred taxation resulting from material timing differences between the

recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred

taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the

periods when the timing differences will reverse.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all

the risks and rewards of ownership of the asset have passed to the company, are capitalised in the

balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period

of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease

term.

Pension costs

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.

Work in progress

Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed

with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion

of the work carried out at the year end, by recording turnover and related costs as the contract

activities progress. Turnover is calculated as that proportion of total contract value which costs

incurred to date bear in relation to total expected costs for the contract. Revenues derived from

variations on contracts are recognised only when they have been accepted by the customer. Full

provision is made for losses on all contracts in the year in which they are first foreseen.

2.	TANGIBLE FIXED ASSETS

Land and

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 February 2015

257,531

175,279

514,642

947,452

Additions

26,879

5,209

235,342

267,430

Disposals

-

-

(242,770

)

(242,770

)

At 31 January 2016

284,410

180,488

507,214

972,112

DEPRECIATION

At 1 February 2015

65,406

118,248

244,917

428,571

Charge for year

5,428

7,363

73,962

86,753

Eliminated on disposal

-

-

(136,441

)

(136,441

)

At 31 January 2016

70,834

125,611

182,438

378,883

NET BOOK VALUE

At 31 January 2016

213,576

54,877

324,776

593,229

At 31 January 2015

192,125

57,031

269,725

518,881

3.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 February 2015

and 31 January 2016

684,000

1

684,001

NET BOOK VALUE

At 31 January 2016

684,000

1

684,001

At 31 January 2015

684,000

1

684,001

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

713,411

594,070

Amounts recoverable on contract

208,342

162,072

Directors' loan accounts

-

54,494

Prepayments & other debtors

33,837

37,855

955,590

848,491

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans

16,888

21,555

Hire purchase contracts

50,186

57,093

Payments on account

-

10,551

Trade creditors

437,552

263,569

Corporation tax

16,402

107,879

Social security & other taxes

92,232

67,520

Other creditors & accruals

149,446

88,756

Directors' loan accounts

41,155

13,493

803,861

630,416

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

173,257

246,618

Hire purchase contracts

190,090

154,336

Amounts owed to group undertakings

180,000

240,000

Other creditors

-

11,111

543,347

652,065

7.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

190,145

268,173

Hire purchase contracts

240,276

211,429

430,421

479,602

8.	OTHER FINANCIAL COMMITMENTS

At 31 January 2016, the company had commitments under non-cancellable operating leases over the

remaining life of those leases of £112,718 (2015 : £128,345).