REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2017 |
for |
ABAL SECURITY LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2017 |
for |
ABAL SECURITY LIMITED |
ABAL SECURITY LIMITED (REGISTERED NUMBER: 03336731) |
Contents of the Financial Statements |
for the year ended 31st March 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 6 |
ABAL SECURITY LIMITED |
Company Information |
for the year ended 31st March 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Burton House |
Repton Place |
White Lion Road |
Amersham |
Buckinghamshire |
HP7 9LP |
ABAL SECURITY LIMITED (REGISTERED NUMBER: 03336731) |
Balance Sheet |
31st March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
ABAL SECURITY LIMITED (REGISTERED NUMBER: 03336731) |
Notes to the Financial Statements |
for the year ended 31st March 2017 |
1. | STATUTORY INFORMATION |
Abal Security Limited is a |
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 |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Plant & machinery - 20% reducing balance |
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 |
ABAL SECURITY LIMITED (REGISTERED NUMBER: 03336731) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st April 2016 |
Additions |
At 31st March 2017 |
DEPRECIATION |
At 1st April 2016 |
Charge for year |
At 31st March 2017 |
NET BOOK VALUE |
At 31st March 2017 |
At 31st March 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
ABAL SECURITY LIMITED (REGISTERED NUMBER: 03336731) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
8. | RELATED PARTY DISCLOSURES |
The company is related to Abal Security Services Limited (ASSL) due to common shareholdings. |
During the year the company hired out security related equipment and motor vehicles to ASSL for a |
charge of £54,775 (2016: £74,140). The balance between the companies at the year end was £nil |
(2016: £nil). These transactions are considered to be at arm's length. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling parties are Mr T M Richardson, the sole director and Mrs S Richardson, who |
jointly own the entire issued share capital of the company. |
10. | FIRST YEAR ADOPTION |
The financial statements for the period are the first financial statements prepared in accordance with |
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The reported |
financial position and financial performance for the previous period are not affected by the transition to |
FRS 102. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Abal Security Limited |
The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain |
other primary statements and the Report of the Director are not required to be filed with the Registrar |
of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Abal Security Limited for the year ended 31st March 2017 which comprise the |
Income Statement, Other Comprehensive Income, Balance Sheet, and the related notes from the company's |
accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Abal Security Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abal Security Limited and state those matters that we have agreed to state to the director of Abal Security Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abal Security Limited and its director for our work or for this report. |
It is your duty to ensure that Abal Security Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abal Security Limited. You consider that Abal Security Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Abal Security Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
2 Burton House |
Repton Place |
White Lion Road |
Amersham |
Buckinghamshire |
HP7 9LP |