

			Company registration number:04596732






		A & A SECURITY LOCKSMITHS LIMITED

			ABBREVIATED FINANCIAL STATEMENTS

			FOR THE YEAR ENDED 30 November 2015



A & A SECURITY LOCKSMITHS LIMITED

BALANCE SHEET

AS AT 30 November 2015

		2015		2014
	Notes	£	£	£	£

FIXED ASSETS
Intangible assets	2		33,621		38,424
Tangible assets	3		10,915		14,344

			44,536		52,768

CURRENT ASSETS
Stocks		6,000		13,500
Debtors		5,346		7,418
Cash at bank and in hand		25,714		59,414

		37,060		80,332

CREDITORS
Amounts falling due within one year		(41,088)		(62,500)

NET CURRENT ASSETS			(4,028)		17,832

TOTAL ASSETS LESS
CURRENT LIABILITIES			40,508		70,600


PROVISIONS FOR LIABILITIES			(2,183)		(2,869)

NET ASSETS			38,325		67,731



CAPITAL AND RESERVES
Called-up equity share capital	4		100		100
Profit and loss account			38,225		67,631

SHAREHOLDERS FUNDS			38,325		67,731



For the year ending 30 November 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.


These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.




..........................................................................
A R McKenzie

16 March 2016
The annexed notes form part of these financial statements.

A & A SECURITY LOCKSMITHS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of twenty years.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 15% per annum reducing balance Computer equipment 33% per annum reducing balance

Motor vehicles 25% per annum reducing balance

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution scheme for the benefit of its employees. The cost of the contributions are written off against profits in the period they are payable.


2.	Intangible fixed assets
		Total

	Cost
	At start of period	96,060
	At end of period	96,060

	Amortisation
	At start of period	57,636
	Provided during the period	4,803
	At end of period	62,439

	Net Book Values
	At start of period	38,424
	At end of period	33,621



3.	Tangible fixed assets

		Total

	Cost
	At start of period	24,867
	At end of period	24,867

	Depreciation
	At start of period	10,523
	Provided during the period	3,429
	At end of period	13,952

	Net Book Value
	At start of period	14,344
	At end of period	10,915


4.	Share capital	Allotted, issued and fully paid
		Allotted, issued and fully paid
		2015	2014
		£	£

	Ordinary shares of £1 each	100	100
	Total issued share capital	100	100



5.	Transactions with directors
	During the year rent was paid to the directors amounting to £nil (2014 £6,500).




6.	Ultimate controlling party
	There is no ultimate controlling party.