Safeguard Security Group Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04157058 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

SAFEGUARD SECURITY GROUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Green

S P Richardson

REGISTERED OFFICE:

Safeguard House

Fountain Street

Churwell

Leeds

West Yorkshire

LS27 7QZ

REGISTERED NUMBER:

04157058 (England and Wales)

ACCOUNTANTS:

Aquarius Business Solutions LLP

PO Box 660

Wetherby

West Yorkshire

LS22 9AF

FIXED ASSETS

Intangible assets

2

6

6

Tangible assets

3

26,372

27,818

26,378

27,824

CURRENT ASSETS

Stocks

15,585

48,071

Debtors

3,172,671

2,446,771

Cash at bank and in hand

228,179

25,169

3,416,435

2,520,011

CREDITORS

Amounts falling due within one year

2,804,391

2,283,719

NET CURRENT ASSETS

612,044

236,292

TOTAL ASSETS LESS CURRENT LIABILITIES

638,422

264,116

PROVISIONS FOR LIABILITIES

2,000

2,000

NET ASSETS

636,422

262,116

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

636,322

262,016

SHAREHOLDERS' FUNDS

636,422

262,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 June 2015 and were signed on its behalf by:

M Green - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of four years.

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 at varying rates on cost

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

52,259

AMORTISATION

At 1 July 2013

and 30 June 2014

52,253

NET BOOK VALUE

At 30 June 2014

6

At 30 June 2013

6

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

159,808

Additions

22,534

Disposals

(7,500

)

At 30 June 2014

174,842

DEPRECIATION

At 1 July 2013

131,990

Charge for year

16,480

At 30 June 2014

148,470

NET BOOK VALUE

At 30 June 2014

26,372

At 30 June 2013

27,818

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

1

100

100