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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
Page
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My Security Systems Limited Company Information for the year ended 31 March 2017
Directors
T Goodall M Goodall
Secretary
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
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My Security Systems Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
42,000 
48,000 
Tangible assets
1,650 
2,113 
43,650 
50,113 
Current assets
Inventories
5,000 
5,000 
Debtors
31,300 
21,912 
Cash at bank and in hand
3,140 
7,708 
39,440 
34,620 
Creditors: amounts falling due within one year
(79,247)
(74,074)
Net current liabilities
(39,807)
(39,454)
Net assets
3,843 
10,659 
Capital and reserves
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
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My Security Systems Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill - 10 Years
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My Security Systems Limited Notes to the Accounts for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2016
60,000 
At 31 March 2017
60,000 
Amortisation
At 1 April 2016
12,000 
Charge for the year
6,000 
At 31 March 2017
18,000 
Net book value
At 31 March 2017
42,000 
At 31 March 2016
48,000 
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 
Depreciation
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 
Net book value
At 31 March 2017
267 
692 
556 
135 
1,650 
At 31 March 2016
356 
923 
654 
180 
2,113 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
5,000 
5,000 
5,000 
5,000 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
31,300 
21,912 
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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 
Accruals
1,745 
717 
79,247 
74,074 
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
T Goodall
29,938 
5,075 
7,201 
27,812 
M Goodall
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).
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