Assist Security Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02231601

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Assist Security Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

6

DIRECTORS:

C S Brightman

M Nicol

R A Slater

REGISTERED OFFICE:

25 Lombard Road

Wimbledon

London

SW19 3TZ

REGISTERED NUMBER:

02231601

ACCOUNTANT:

Albacore Accounting Limited

724 Capability Green

Luton

Bedfordshire

LU1 3LU

FIXED ASSETS

Tangible assets

4

38,130

28,132

Investment property

5

523,316

510,061

561,446

538,193

CURRENT ASSETS

Debtors

6

1,222,890

1,109,416

Cash at bank and in hand

77,372

115,149

1,300,262

1,224,565

CREDITORS

Amounts falling due within one year

7

1,069,232

938,969

NET CURRENT ASSETS

231,030

285,596

TOTAL ASSETS LESS CURRENT LIABILITIES

792,476

823,789

CREDITORS

Amounts falling due after more than one year

8

140,259

157,572

NET ASSETS

652,217

666,217

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

10

(52,000

)

(30,000

)

Retained earnings

10

704,117

696,117

SHAREHOLDERS' FUNDS

652,217

666,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2018 and were signed on its behalf by:

C S Brightman - Director

1.	STATUTORY INFORMATION

Assist Security Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2017 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

21,591

25,136

172,969

219,696

Additions

9,587

8,717

9,352

27,656

At 31 March 2018

31,178

33,853

182,321

247,352

DEPRECIATION

At 1 April 2017

15,170

25,136

151,258

191,564

Charge for year

3,420

1,634

12,604

17,658

At 31 March 2018

18,590

26,770

163,862

209,222

NET BOOK VALUE

At 31 March 2018

12,588

7,083

18,459

38,130

At 31 March 2017

6,421

-

21,711

28,132

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

510,061

Exchange differences

13,255

At 31 March 2018

523,316

NET BOOK VALUE

At 31 March 2018

523,316

At 31 March 2017

510,061

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

813,936

785,774

Other debtors

44,218

64,026

Directors' current accounts

108,805

122,002

Prepayments

255,931

137,614

1,222,890

1,109,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

103,614

32,777

Tax

35,003

41,285

Social security and other taxes

37,536

31,627

VAT

237,379

233,762

Other creditors

464,917

468,594

Accrued expenses

190,783

130,924

1,069,232

938,969

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Mortgage more than 5 years

132,724

157,572

Hire purchase contracts

7,535

-

140,259

157,572

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5 years

132,724

157,572

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2017

696,117

(30,000

)

666,117

Profit for the year

113,263

113,263

Dividends

(105,263

)

(105,263

)

Revaluation loss during the year

-

(22,000

)

(22,000

)

At 31 March 2018

704,117

(52,000

)

652,117

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. The pension cost charge represents contributions

payable by the company to the fund and amounted to £11,943 (2017 - £10,000).

12.	RELATED PARTY DISCLOSURES

C S Brightman

31.3.18

31.3.17

£

£

Amount due from related party at the balance sheet date

108,805

-

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C S Brightman.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Albacore Accounting Limited

724 Capability Green

Luton

Bedfordshire

LU1 3LU

Date: .............................................