Registration number:
for the Year Ended
Greater London Locksmiths Ltd
Contents
Accountants' Report |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Greater London Locksmiths Ltd
for the Year Ended 29 February 2016
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Greater London Locksmiths Ltd for the year ended 29 February 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.
As a practising member 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 Greater London Locksmiths Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Greater London Locksmiths Ltd and state those matters that we have agreed to state to them, 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 Greater London Locksmiths Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Greater London Locksmiths Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Greater London Locksmiths Ltd. You consider that Greater London Locksmiths 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 Greater London Locksmiths 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.
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Blackborn Limited
131 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QJ
26 November 2016
Greater London Locksmiths Ltd
(Registration number: 05318445)
Abbreviated Balance Sheet as at 29 February 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Approved by the Board on
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Mr Jason Paul Bowe
Director
Greater London Locksmiths Ltd
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures,Fittings and Equipment |
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Motor Vehicles |
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Pensions
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 March 2015 |
107,708 |
107,708 |
Additions |
1,154 |
1,154 |
At 29 February 2016 |
108,862 |
108,862 |
Depreciation |
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At 1 March 2015 |
61,673 |
61,673 |
Charge for the year |
11,797 |
11,797 |
At 29 February 2016 |
73,470 |
73,470 |
Net book value |
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At 29 February 2016 |
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At 28 February 2015 |
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Greater London Locksmiths Ltd
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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of £
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1,002 |
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1,002 |
Control |
The directors are the controlling party by virtue of their controlling shareholding in the company.