REGISTERED NUMBER: 05677145 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

A.B.I. SECURITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Kennedy

Mrs A Kennedy

REGISTERED OFFICE:

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

REGISTERED NUMBER:

05677145 (England and Wales)

ACCOUNTANTS:

Athos Business Solutions

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

FIXED ASSETS

Tangible assets

4

9,125

11,403

CURRENT ASSETS

Stocks

4,836

6,045

Debtors

5

12,258

15,802

Cash at bank

90,830

56,035

107,924

77,882

CREDITORS

Amounts falling due within one year

6

52,120

35,019

NET CURRENT ASSETS

55,804

42,863

TOTAL ASSETS LESS CURRENT LIABILITIES

64,929

54,266

PROVISIONS FOR LIABILITIES

1,749

2,281

NET ASSETS

63,180

51,985

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,080

51,885

SHAREHOLDERS' FUNDS

63,180

51,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 April 2018 and were signed on its behalf by:

D Kennedy - Director

1.	STATUTORY INFORMATION

A.B.I. 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2017

316

15,078

2,139

17,533

Additions

-

-

883

883

At 31 January 2018

316

15,078

3,022

18,416

DEPRECIATION

At 1 February 2017

241

3,770

2,119

6,130

Charge for year

19

2,827

315

3,161

At 31 January 2018

260

6,597

2,434

9,291

NET BOOK VALUE

At 31 January 2018

56

8,481

588

9,125

At 31 January 2017

75

11,308

20

11,403

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

12,258

15,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

12,821

7,653

Taxation and social security

17,776

8,350

Other creditors

21,523

19,016

52,120

35,019

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2017 - £30,000) were paid to the directors .

Other creditors include a balance of £20,633 owed to Mr and Mrs Kennedy.

8.	ULTIMATE CONTROLLING PARTY