Company Registration No. 01586894 (England and Wales)
SELECT ALARMS SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
SELECT ALARMS SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SELECT ALARMS SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
75,000
87,500
Tangible assets
2
57,625
24,585
132,625
112,085
Current assets
Stocks
8,104
7,867
Debtors
73,065
134,306
Cash at bank and in hand
428,035
293,524
509,204
435,697
Creditors: amounts falling due within one year
(213,928)
(122,623)
Net current assets
295,276
313,074
Total assets less current liabilities
427,901
425,159
Provisions for liabilities
(10,886)
(3,467)
417,015
421,692
Capital and reserves
Called up share capital
3
2,002
2,002
Share premium account
498
498
Profit and loss account
414,515
419,192
Shareholders' funds
417,015
421,692
SELECT ALARMS SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 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.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 March 2017
Mrs V A Slater
Mr M Slater
Miss H Slater
Director
Director
Director
Company Registration No. 01586894
SELECT ALARMS SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% reducing balance
Motor vehicles
33% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
250,000
93,734
343,734
Additions
-
50,675
50,675
Disposals
-
(20,796)
(20,796)
At 30 September 2016
250,000
123,613
373,613
Depreciation
At 1 October 2015
162,500
69,149
231,649
On disposals
-
(20,253)
(20,253)
Charge for the year
12,500
17,092
29,592
At 30 September 2016
175,000
65,988
240,988
Net book value
At 30 September 2016
75,000
57,625
132,625
At 30 September 2015
87,500
24,585
112,085
SELECT ALARMS SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2,000 Ordinary shares of £1 each
2,000
2,000
200 Ordinary A shares (non voting) of 1p each
2
2
2,002
2,002