G.D. Security Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01805191 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

G.D. Security Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

Docklands

London

E14 9XL

FIXED ASSETS

Intangible assets

2

25,543

56,939

Tangible assets

3

33,402

41,351

58,945

98,290

CURRENT ASSETS

Stocks

37,368

19,908

Debtors

4

455,467

235,424

Cash at bank and in hand

119,200

300,290

612,035

555,622

CREDITORS

Amounts falling due within one year

515,716

531,913

NET CURRENT ASSETS

96,319

23,709

TOTAL ASSETS LESS CURRENT LIABILITIES

155,264

121,999

CREDITORS

Amounts falling due after more than one year

17,845

-

NET ASSETS

137,419

121,999

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

127,419

111,999

SHAREHOLDERS' FUNDS

137,419

121,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 January 2015 and were signed by:

C Antoniou - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

172,832

AMORTISATION

At 1 May 2013

115,893

Amortisation for year

31,396

At 30 April 2014

147,289

NET BOOK VALUE

At 30 April 2014

25,543

At 30 April 2013

56,939

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

160,201

Additions

30,363

Disposals

(21,197

)

At 30 April 2014

169,367

DEPRECIATION

At 1 May 2013

118,850

Charge for year

34,780

Eliminated on disposal

(17,665

)

At 30 April 2014

135,965

NET BOOK VALUE

At 30 April 2014

33,402

At 30 April 2013

41,351

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 125,281 (30.4.13 - £ 10,281 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

10,000

Ordinary

1

10,000

10,000

6.	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.