Company Registration No. 06460617 (England and Wales)
My Security Systems Limited
Unaudited accounts
for the year ended 31 March 2017
My Security Systems Limited
Unaudited accounts
Contents
My Security Systems Limited
Company Information
for the year ended 31 March 2017
Directors
T Goodall
M Goodall
Company Number
06460617 (England and Wales)
Registered Office
Pax 6 Piggery Hall Lane
West Wittering
Chichester
West Sussex
PO20 8PZ
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
My Security Systems Limited
Statement of financial position
as at 31 March 2017
Intangible assets
42,000
48,000
Tangible assets
1,650
2,113
Cash at bank and in hand
3,140
7,708
Creditors: amounts falling due within one year
(79,247)
(74,074)
Net current liabilities
(39,807)
(39,454)
Called up share capital
100
100
Profit and loss account
3,743
10,559
Shareholders' funds
3,843
10,659
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 June 2017.
T Goodall
Director
Company Registration No. 06460617
My Security Systems Limited
Notes to the Accounts
for the year ended 31 March 2017
My Security Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 06460617. The registered office and principal place of business is Pax 6 Piggery Hall Lane, West Wittering, Chichester, West Sussex, PO20 8PZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill - 10 Years
My Security Systems Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2016
2,000
7,000
2,400
1,225
12,625
At 31 March 2017
2,000
7,000
2,400
1,225
12,625
At 1 April 2016
1,644
6,077
1,746
1,045
10,512
Charge for the year
89
231
98
45
463
At 31 March 2017
1,733
6,308
1,844
1,090
10,975
At 31 March 2017
267
692
556
135
1,650
At 31 March 2016
356
923
654
180
2,113
Finished goods
5,000
5,000
Trade debtors
31,300
21,912
My Security Systems Limited
Notes to the Accounts
for the year ended 31 March 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
18,027
10,309
Taxes and social security
11,032
10,352
Loans from directors
48,443
52,696
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
29,938
5,075
7,201
27,812
22,758
5,075
7,201
20,632
52,696
10,150
14,402
48,444
11
Average number of employees
During the year the average number of employees was 5 (2016: 5).