Elite Safety Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07623208 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Elite Safety Systems Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R H Marshall

REGISTERED OFFICE:

61 Stanley Road

Bootle

Merseyside

L20 7BZ

REGISTERED NUMBER:

07623208 (England and Wales)

ACCOUNTANTS:

Kinsella Clarke Limited

61 Stanley Road

Bootle

Merseyside

L20 7BZ

FIXED ASSETS

Tangible assets

4

6,405

870

CURRENT ASSETS

Stocks

90,978

57,102

Debtors

5

170,585

201,622

Cash at bank and in hand

9,723

7,644

271,286

266,368

CREDITORS

Amounts falling due within one year

6

439,131

455,354

NET CURRENT LIABILITIES

(167,845

)

(188,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(161,440

)

(188,116

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(161,441

)

(188,117

)

SHAREHOLDERS' FUNDS

(161,440

)

(188,116

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 February 2019 and were signed by:

R H Marshall - Director

1.	STATUTORY INFORMATION

Elite Safety Systems 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 etc

-

25% on cost and 15% on reducing balance

Stocks

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

moving items.

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 10 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

3,253

Additions

6,957

At 31 May 2018

10,210

DEPRECIATION

At 1 June 2017

2,383

Charge for year

1,422

At 31 May 2018

3,805

NET BOOK VALUE

At 31 May 2018

6,405

At 31 May 2017

870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

157,275

188,312

Other debtors

13,310

13,310

170,585

201,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

166,281

186,145

Taxation and social security

37,078

35,683

Other creditors

235,772

233,526

439,131

455,354

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2018 and

31 May 2017:

31.5.18

31.5.17

£

£

R H Marshall

Balance outstanding at start of year

10,600

10,600

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,600

10,600