Bridger Alarms Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03003111 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Bridger Alarms Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A H Gill

SECRETARY:

Mrs L A Gill

REGISTERED OFFICE:

First Floor Offices

Wessenden Business Centre

Prospect Road

Alresford

Hampshire

SO24 9QF

REGISTERED NUMBER:

03003111 (England and Wales)

ACCOUNTANTS:

Behegan Lynes

Accountancy & Taxation Advisers

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,768

6,529

2,768

6,529

CURRENT ASSETS

Stocks

13,500

13,500

Debtors

119,724

116,389

Cash at bank and in hand

649

1,134

133,873

131,023

CREDITORS

Amounts falling due within one year

153,461

133,520

NET CURRENT LIABILITIES

(19,588

)

(2,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,820

)

4,032

PROVISIONS FOR LIABILITIES

-

326

NET (LIABILITIES)/ASSETS

(16,820

)

3,706

CAPITAL AND RESERVES

Called up share capital

4

748

748

Profit and loss account

(17,568

)

2,958

SHAREHOLDERS' FUNDS

(16,820

)

3,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2015 and were signed by:

A H Gill - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis due to the continued support of the bank and other

stake holders. The company meets its day-to-day working capital requirements through overdraft facilities

which, in common with all such facilities, is repayable on demand.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets

to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as

current assets and long term liabilities as current liabilities.

Accounting convention

The financial statements 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 the amount derived from the provision of goods and services falling within the company's

activities after deduction of trade discounts and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office & other equipment

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. The

cost of work in progress and finished goods includes all production overheads and depreciation and the

attributable proportion of indirect overheads based on the normal level of activity. Net realisable value is based

on estimated selling price less the estimated cost of disposal.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the

balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to

arise on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a

replacement asset.

Pension costs and other post-retirement benefits

Leases and hire purchase contracts

Rentals paid under operating leases are charged to income as incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

5,000

AMORTISATION

At 1 June 2013

and 31 May 2014

5,000

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

46,204

Additions

770

At 31 May 2014

46,974

DEPRECIATION

At 1 June 2013

39,675

Charge for year

4,531

At 31 May 2014

44,206

NET BOOK VALUE

At 31 May 2014

2,768

At 31 May 2013

6,529

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

728

Ordinary

£1

728

728

200

Preference

10p

20

20

748

748

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

31.5.14

31.5.13

£

£

A H Gill

Balance outstanding at start of year

30,597

21,978

Amounts advanced

32,800

8,619

Amounts repaid

(28,000

)

-

Balance outstanding at end of year

35,397

30,597