Above the Line Set Assistance & Security Limited Company Accounts

ABOVE THE LINE SET ASSISTANCE & SECURITY LTD - Company Information

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COMPANY REGISTRATION NUMBER: 7060683

Above the Line Set Assistance & Security Limited

Filleted Unaudited Financial Statements

31 March 2019

Above the Line Set Assistance & Security Limited

Financial Statements

Year ended 31 March 2019

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Above the Line Set Assistance & Security Limited

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		11,221	14,804

Current assets

Debtors	6	350,951	163,316
Cash at bank and in hand		226,557	359,498
		---------	---------
		577,508	522,814

Creditors: amounts falling due within one year	7	352,297		316,891
		---------		---------
Net current assets			225,211	205,923
			---------	---------
Total assets less current liabilities			236,432	220,727

Provisions

Taxation including deferred tax	2,132	2,813
	---------	---------
Net assets	234,300	217,914
	---------	---------

Capital and reserves

Called up share capital	3	3
Profit and loss account	234,297	217,911
	---------	---------
Members funds	234,300	217,914
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Above the Line Set Assistance & Security Limited

Statement of Financial Position (continued)

31 March 2019

These financial statements were approved by the board of directors and authorised for issue on 28 June 2019 , and are signed on behalf of the board by:

Mr R Locke	Mr C De Vos
Director	Director

Company registration number: 7060683

Above the Line Set Assistance & Security Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The company's principal place of business is Pinewood Studios, Pinewood Road, Iver Heath, Bucks, SL0 0NH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tax

The taxation expense represents the aggregate amount of current and deferred tax /recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	25 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2018: 7 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2018	8,698	24,063	32,761
Additions	–	1,865	1,865
	-------	--------	--------
At 31 March 2019	8,698	25,928	34,626
	-------	--------	--------
Depreciation
At 1 April 2018	6,335	11,622	17,957
Charge for the year	1,055	4,393	5,448
	-------	--------	--------
At 31 March 2019	7,390	16,015	23,405
	-------	--------	--------
Carrying amount
At 31 March 2019	1,308	9,913	11,221
	-------	--------	--------
At 31 March 2018	2,363	12,441	14,804
	-------	--------	--------

6. Debtors

	2019	2018
	£	£
Trade debtors	219,136	118,648
Other debtors	131,815	44,668
	---------	---------
	350,951	163,316
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	189,017	245,378
Corporation tax	43,107	32,030
Social security and other taxes	8,293	6,231
Other creditors - Staff pension contributions	192	186
Other creditors	111,688	33,066
	---------	---------
	352,297	316,891
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2019	2018
	£	£
Mr C De Vos	( 260)	( 260)
	----	----

9. Related party transactions

The company was under the control of directors throughout the current year and previous period. During the year, the Company received various administration support services amounting to £2,875,423 from ATL Payments Ltd, a group company. At the year end, £187,533 (2018 - £236,326) was outstanding and due to ATL Payments Limited and is included in trade creditors. All transactions arise in the normal course of business and are at an arm's length.

10. Controlling party

The ultimate parent company is ATL Security Holdings Ltd.