Registered Number 04669693
ABSOLUTE PROTECTION LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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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 |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 15% reducing balance
Fixtures, fittings & equipment 15% reducing balance
Motor vehicles 25% reducing balance
Other accounting policies
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Stock
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling on the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Amortisation | |
At 1 July 2014 |
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Charge for the year |
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On disposals |
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At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 9,793 |
At 30 June 2014 | 12,241 |
£ | |
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Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 June 2015 |
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Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 June 2015 |
|
Net book values | |
At 30 June 2015 | 65,651 |
At 30 June 2014 | 68,174 |