| A & A Security Locksmiths Limited |
For the period ended 31 May 2017
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04596732
A & A Security Locksmiths Limited
For the period ended 31 May 2017
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
| Abbreviated Balance Sheet |
A & A Security Locksmiths Limited
2017
2015
2
-
33,621
3
-
10,915
-
44,536
6,000
-
5,347
-
147,869
25,714
147,869
37,061
| Creditors: amounts falling due within one year |
(41,089)
(147,769)
(4,028)
100
Net current assets
| Total assets less current liabilities |
100
40,508
-
(2,183)
| Provisions for liabilities |
100
Net assets
38,325
100
100
-
38,225
100
38,325
Shareholders funds
| For the period ended 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 04 September 2017 |
| Mr Andrew McKenzie Director |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
A & A Security Locksmiths Limited
For the period ended 31 May 2017
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions |
| payable are charged to the profit and loss account in the period in which they are payable. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the |
| shareholders prior to the balance sheet date. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
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| Notes to the Abbreviated Financial Statements |
A & A Security Locksmiths Limited
For the period ended 31 May 2017
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
96,060
(96,060)
-
62,439
(62,439)
-
-
33,621
24,867
(24,867)
-
13,952
(13,952)
-
-
10,915
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