REGISTERED NUMBER: 06486657 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2018

for

A & M Security Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Laniewski

SECRETARY:

Mrs K Laniewski

REGISTERED OFFICE:

Security House

Unit 5 Alder Court

Bell Close

Plymouth

Devon

PL7 4JH

REGISTERED NUMBER:

06486657 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Intangible assets

4

36,562

40,312

Tangible assets

5

137,570

156,288

174,132

196,600

CURRENT ASSETS

Stocks

2,704

1,200

Debtors

6

77,814

55,806

Cash at bank and in hand

25,997

13,272

106,515

70,278

CREDITORS

Amounts falling due within one year

7

143,928

102,954

NET CURRENT LIABILITIES

(37,413

)

(32,676

)

TOTAL ASSETS LESS CURRENT LIABILITIES

136,719

163,924

CREDITORS

Amounts falling due after more than one year

8

(107,555

)

(125,028

)

PROVISIONS FOR LIABILITIES

(10,528

)

(15,250

)

NET ASSETS

18,636

23,646

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

18,534

23,544

SHAREHOLDERS' FUNDS

18,636

23,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 September 2018 and were signed by:

D Laniewski - Director

1.	STATUTORY INFORMATION

A & M Security Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2008, is being amortised

evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of the business in 2013, is being amortised

evenly over its estimated useful life of two years. This has now been amortised in full.

Goodwill, being the amount paid in connection with the acquisition of the business in 2014, is being amortised

evenly over its estimated useful life of two years. This has now been amortised in full.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 2% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

and 30 June 2018

97,873

AMORTISATION

At 1 July 2017

57,561

Charge for year

3,750

At 30 June 2018

61,311

NET BOOK VALUE

At 30 June 2018

36,562

At 30 June 2017

40,312

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2017

77,731

134,662

212,393

Additions

-

7,965

7,965

Disposals

-

(22,620

)

(22,620

)

At 30 June 2018

77,731

120,007

197,738

DEPRECIATION

At 1 July 2017

-

56,105

56,105

Charge for year

-

17,990

17,990

Eliminated on disposal

-

(13,927

)

(13,927

)

At 30 June 2018

-

60,168

60,168

NET BOOK VALUE

At 30 June 2018

77,731

59,839

137,570

At 30 June 2017

77,731

78,557

156,288

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

76,368

55,348

Other debtors

1,446

458

77,814

55,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

5,050

5,050

Hire purchase contracts

15,905

18,359

Trade creditors

39,350

36,651

Taxation and social security

52,445

36,193

Other creditors

31,178

6,701

143,928

102,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans

85,687

89,729

Hire purchase contracts

21,868

35,299

107,555

125,028

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

65,487

69,529

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.18

30.6.17

£

£

Bank loans

90,737

94,779

10.	RELATED PARTY DISCLOSURES

Loans existed between D Laniewski and the company. These loans are interest free and payable on demand.

D Laniewski has made a personal guarantee of £65,000 for the bank loan.