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Abbreviated Unaudited Accounts for the Year Ended 31 May 2016 |
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POINT SAFETY LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 May 2016 |
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POINT SAFETY LIMITED |
POINT SAFETY LIMITED (REGISTERED NUMBER: 07628005) |
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Contents of the Abbreviated Accounts |
FOR THE YEAR ENDED 31 MAY 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
POINT SAFETY LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 MAY 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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POINT SAFETY LIMITED (REGISTERED NUMBER: 07628005) |
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Abbreviated Balance Sheet |
31 MAY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
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 | 3 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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POINT SAFETY LIMITED (REGISTERED NUMBER: 07628005) |
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Notes to the Abbreviated Accounts |
FOR THE YEAR ENDED 31 MAY 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Employee benefit trust |
The company has created a trust whose beneficiaries will include employees of the company and their |
dependents. Assets held under this trust will be controlled by trustees who will be acting independently and |
entirely at their own discretion. |
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Where assets are held in the trust and these are considered by the company to be in respect of services already |
provided by employees to the company, the company will account for these as assets of the trust when |
payment is made to the trust. The value transferred will be charged in the company’s profit and loss account for |
the year to which it relates. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
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Additions |
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At 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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POINT SAFETY LIMITED (REGISTERED NUMBER: 07628005) |
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Notes to the Abbreviated Accounts - continued |
FOR THE YEAR ENDED 31 MAY 2016 |
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5. | TRANSACTIONS WITH DIRECTORS |
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During the year under review the company was in receipt of a loan from its director, Mr P Kimberley. At 31 May |
2016 the company owed Mr Kimberley £18,153 (2015 - £60,310 debtor). |
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This loan was unsecured and interest free. |