Automatic Protection Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC169893 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Automatic Protection Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Harrison

S Harrison

SECRETARY:

Mrs A Harrison

REGISTERED OFFICE:

Apl House Biggar Business Park

5 Market Road

Biggar

Lanarkshire

ML12 6FX

REGISTERED NUMBER:

SC169893 (Scotland)

ACCOUNTANTS:

Sutherland Black

Chartered Accountants

Stadium House

Alderstone Road

Livingston

West Lothian

EH54 7DN

FIXED ASSETS

Tangible assets

2

70,480

71,374

Investments

3

131,379

153,459

201,859

224,833

CURRENT ASSETS

Stocks

17,095

33,075

Debtors

166,533

182,171

Cash at bank and in hand

103,186

48,144

286,814

263,390

CREDITORS

Amounts falling due within one year

171,306

164,438

NET CURRENT ASSETS

115,508

98,952

TOTAL ASSETS LESS CURRENT LIABILITIES

317,367

323,785

CREDITORS

Amounts falling due after more than one year

(12,422

)

(22,226

)

PROVISIONS FOR LIABILITIES

(10,528

)

(9,924

)

NET ASSETS

294,417

291,635

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

284,417

281,635

SHAREHOLDERS' FUNDS

294,417

291,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 Board of Directors on 25 June 2014 and were signed on its behalf by:

N Harrison - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year,

including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is

recognised by reference to the stage of completion.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

Deferred tax

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

130,470

Additions

15,836

At 31 March 2014

146,306

DEPRECIATION

At 1 April 2013

59,096

Charge for year

16,730

At 31 March 2014

75,826

NET BOOK VALUE

At 31 March 2014

70,480

At 31 March 2013

71,374

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

153,459

Disposals

(22,080

)

At 31 March 2014

131,379

NET BOOK VALUE

At 31 March 2014

131,379

At 31 March 2013

153,459

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

1

10,000

10,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced £4,534 to the company, resulting in the company having an outstanding loan to the

directors of £34,452 (2013:- £38,986). The loan is interest free and there are no agreed repayment terms.