1st Stop Security Products Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04100265 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

1st Stop Security Products Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Matthews

Mr S Cross

SECRETARY:

GR Taylor Accountants Ltd

REGISTERED OFFICE:

Hertford House

Parr Industrial Estate

Hertford Street

ST HELENS

Merseyside

WA9 1BF

REGISTERED NUMBER:

04100265 (England and Wales)

ACCOUNTANTS:

GR Taylor & Co Accountants

54-56 Ormskirk Street

ST HELENS

Merseyside

WA10 2TF

FIXED ASSETS

Tangible assets

2

5,085

6,780

CURRENT ASSETS

Stocks

11,421

22,439

Debtors

61,436

67,650

Cash in hand

167

355

73,024

90,444

CREDITORS

Amounts falling due within one year

77,605

92,586

NET CURRENT LIABILITIES

(4,581

)

(2,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

504

4,638

CREDITORS

Amounts falling due after more than one year

500

(1,277

)

NET ASSETS

4

5,915

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2

5,913

SHAREHOLDERS' FUNDS

4

5,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 17 July 2014 and were signed on its behalf by:

Mr S Cross - 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

22,150

DEPRECIATION

At 1 November 2012

15,370

Charge for year

1,695

At 31 October 2013

17,065

NET BOOK VALUE

At 31 October 2013

5,085

At 31 October 2012

6,780

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

2

Ordinary shares

£1

2

2