G.D. Security Systems Limited - Accounts to registrar (filleted) - small 17.3
G.D. Security Systems Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2017 |
| for |
| G.D. Security Systems Limited |
| G.D. Security Systems Limited (Registered number: 01805191) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| G.D. Security Systems Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16 Beaufort Court |
| Admirals Way |
| London |
| Docklands |
| London |
| E14 9XL |
| G.D. Security Systems Limited (Registered number: 01805191) |
| Balance Sheet |
| 30 April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on |
| G.D. Security Systems Limited (Registered number: 01805191) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| G.D. Security Systems Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced value of goods and services excluding value added tax. Income is recognised as |
| services are performed. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of maintenance contracts, is being amortised |
| evenly over its estimated useful life of 3 years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| 3. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| AMORTISATION |
| At 1 May 2016 |
| and 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| G.D. Security Systems Limited (Registered number: 01805191) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 5. | DEBTORS |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Accrued income |
| Prepayments |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 36,839 | 66,934 |
| Other creditors |
| Hire purchase contracts | - | 1,542 |
| Deferred income |
| Accrued expenses |
| G.D. Security Systems Limited (Registered number: 01805191) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | RELATED PARTY DISCLOSURES |
| During the year the company has declared dividends of £100,000 (2016-£100,000) . |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is OCL. |
| The ultimate controlling party is |
| 10. | GOING CONCERN |
| The accounts have been prepared as going concern on the basis that the company will continue to receive support |
| from the ultimate controlling party, Oakland Capital Limited. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| G.D. Security Systems Limited |
| The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the |
| Report of the Director 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 G.D. Security Systems Limited for the year ended 30 April 2017 which comprise the Income |
| Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of G.D. Security Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.D. Security Systems Limited and state those matters that we have agreed to state to the director of G.D. Security Systems Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.D. Security Systems Limited and its director for our work or for this report. |
| It is your duty to ensure that G.D. 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 G.D. Security Systems Limited. You consider that G.D. 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 G.D. 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. |
| 16 Beaufort Court |
| Admirals Way |
| London |
| Docklands |
| London |
| E14 9XL |
| Date: ............................................. |