1 February 2016 false No description of principal activity Taxfiler 2017.34.Web 06475405business:PrivateLimitedCompanyLtd2016-02-012017-01-31 064754052016-01-31 064754052016-02-012017-01-31 06475405business:AuditExemptWithAccountantsReport2016-02-012017-01-31 06475405business:FullAccounts2016-02-012017-01-31 064754052017-01-31 06475405business:Director12016-02-012017-01-31 06475405business:CompanySecretary12016-02-012017-01-31 06475405business:RegisteredOffice2016-02-012017-01-31 064754052016-01-31 06475405core:WithinOneYear2017-01-31 06475405core:WithinOneYear2016-01-31 06475405core:ShareCapital2017-01-31 06475405core:ShareCapital2016-01-31 06475405core:RetainedEarningsAccumulatedLosses2017-01-31 06475405core:RetainedEarningsAccumulatedLosses2016-01-31 06475405business:SmallEntities2016-02-012017-01-31 06475405countries:EnglandWales2016-02-012017-01-31 06475405core:PlantMachinery2016-02-012017-01-31 06475405core:MotorVehicles2016-02-012017-01-31 06475405core:FurnitureFittings2016-02-012017-01-31 06475405core:PlantMachinery2016-01-31 06475405core:MotorVehicles2016-01-31 06475405core:FurnitureFittings2016-01-31 06475405core:PlantMachinery2017-01-31 06475405core:MotorVehicles2017-01-31 06475405core:FurnitureFittings2017-01-31 06475405business:OrdinaryShareClass12016-02-012017-01-31 06475405business:OrdinaryShareClass12015-02-012016-01-31 064754052015-02-012016-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06475405 (England and Wales)
A B Security and Electrical Limited Unaudited accounts for the year ended 31 January 2017
A B Security and Electrical Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A B Security and Electrical Limited Company Information for the year ended 31 January 2017
Director
A E Bailey
Secretary
Mrs L Bailey
Company Number
06475405 (England and Wales)
Registered Office
3 High Street Ibstock Leicestershire LE67 6LG UK
Accountants
City Tax Shop Limited 8 Ridge House Drive Festival Park Stoke-on-Trent Staffs ST5 5SJ
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A B Security and Electrical Limited Statement of financial position as at 31 January 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
551 
940 
Current assets
Inventories
5
2,900 
3,800 
Debtors
6
24,558 
6,510 
Cash at bank and in hand
9,018 
6,744 
36,476 
17,054 
Creditors: amounts falling due within one year
7
(16,796)
(13,085)
Net current assets
19,680 
3,969 
Net assets
20,231 
4,909 
Capital and reserves
Called up share capital
8
50 
50 
Profit and loss account
20,181 
4,859 
Shareholders' funds
20,231 
4,909 
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 October 2017.
A E Bailey Director Company Registration No. 06475405
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A B Security and Electrical Limited Notes to the Accounts for the year ended 31 January 2017
1
Statutory information
A B Security and Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06475405. The registered office and principal place of business is 3 High Street, Ibstock, Leicestershire, LE67 6LG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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A B Security and Electrical Limited Notes to the Accounts for the year ended 31 January 2017
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2016
1,309 
2,500 
2,071 
5,880 
Disposals
- 
(2,500)
- 
(2,500)
At 31 January 2017
1,309 
- 
2,071 
3,380 
Depreciation
At 1 February 2016
1,090 
2,249 
1,601 
4,940 
Charge for the year
44 
- 
94 
138 
Surplus on revaluation
- 
(2,249)
- 
(2,249)
At 31 January 2017
1,134 
- 
1,695 
2,829 
Net book value
At 31 January 2017
175 
- 
376 
551 
At 31 January 2016
219 
251 
470 
940 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
1,800 
2,200 
Work in progress
1,100 
1,600 
2,900 
3,800 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
23,414 
5,197 
Accrued income and prepayments
1,144 
1,313 
24,558 
6,510 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
4,205 
6,948 
Taxes and social security
6,351 
533 
Other creditors
5,405 
4,159 
Loans from directors
24 
636 
Accruals
811 
809 
16,796 
13,085 
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A B Security and Electrical Limited Notes to the Accounts for the year ended 31 January 2017
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
9
Average number of employees
During the year the average number of employees was 3 (2016: 3).
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