| Status Security Systems Ltd |
For the year ended 31 January 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04144613
Status Security Systems Ltd
For the year ended 31 January 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Status Security Systems Ltd
Chartered Accountants' Report
For the year ended 31 January 2014
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of Status Security Systems Ltd for the year ended 31 January 2014 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising 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 Status Security Systems Ltd, as a body, in accordance with |
| the terms of our engagement letter dated 10 August 2012. Our work has been undertaken solely to prepare for your |
| approval the accounts of Status Security Systems Ltd and state those matters that we have agreed to state to the |
| Board of Directors of Status Security Systems Ltd, 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 Status Security Systems Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Status Security Systems Ltd has kept adequate accounting records to prepare |
| statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Status |
| Security Systems Ltd. You consider that Status Security Systems Ltd 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 accounts of Status Security Systems Ltd. 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 accounts. |
Brewster & Co.
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
30 May 2014
1 of 4
| Abbreviated Balance Sheet |
Status Security Systems Ltd
2014
2013
2
8,389
11,185
8,389
11,185
5,335
29,232
84,993
54,678
-
955
83,910
91,283
| Creditors: amounts falling due within one year |
(98,140)
(89,748)
(6,857)
(5,838)
Net current liabilities
| Total assets less current liabilities |
2,551
4,328
| Creditors: amounts falling due after more than one year |
3
(2,499)
-
(620)
(942)
| Provisions for liabilities |
1,931
Net assets
887
100
4
100
1,831
787
1,931
887
Shareholders funds
| For the year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 30 May 2014 |
| Signed on behalf of the board of directors |
2 of 4
| Notes to the Abbreviated Financial Statements |
Status Security Systems Ltd
For the year ended 31 January 2014
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Fixtures and Fittings
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
3 of 4
| Notes to the Abbreviated Financial Statements |
Status Security Systems Ltd
For the year ended 31 January 2014
70,453
70,453
59,268
2,796
Charge for year
62,064
8,389
11,185
2013
2014
| 3 Creditors due after more than one year |
-
2,499
| Allotted called up and fully paid |
2014
2013
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4