SFS Fire Engineering Limited - Period Ending 2013-10-31

Registration number: 03458782

SFS Fire Engineering Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2013
 

UHA Limited
  Chartered Certified Accountants
  241 Ruskin Park House
  Champion Hill
  London
  SE5 8TG

SFS Fire Engineering Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

SFS Fire Engineering Limited
(Registration number: 03458782)
Abbreviated Balance Sheet at 31 October 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					43,195			19,530
Current assets
Stocks					19,613			1,273
Debtors					163,817			223,096
Cash at bank and in hand					40,861			19,246
					224,291			243,615
Creditors: Amounts falling due within one year					(180,260)			(212,579)
Net current assets					44,031			31,036
Total assets less current liabilities					87,226			50,566
Creditors: Amounts falling due after more than one year					(47,012)			(28,202)
Net assets					40,214			22,364
Capital and reserves
Called up share capital		4			2,000			2,000
Profit and loss account					38,214			20,364
Shareholders' funds					40,214			22,364

For the year ending 31 October 2013 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 accounts.

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

Approved by the Board on 21 July 2014 and signed on its behalf by:

.........................................
M Smyth
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

SFS Fire Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line
Motor vehicles	20% straight line
Office equipment	20% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

SFS Fire Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2012		79,528			79,528
Additions		38,675			38,675
Disposals		(43,150)			(43,150)
At 31 October 2013		75,053			75,053
Depreciation
At 1 November 2012		59,998			59,998
Charge for the year		15,011			15,011
Eliminated on disposals		(43,151)			(43,151)
At 31 October 2013		31,858			31,858
Net book value
At 31 October 2013		43,195			43,195
At 31 October 2012		19,530			19,530

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2013 £			2012 £
Amounts falling due within one year		101,528			105,071

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000
Ordinary A of £1 each		600			600			600			600
Ordinary B of £1 each		400			400			400			400
		2,000			2,000			2,000			2,000

Page 3