1st Stop Security Products Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04100265 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

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

4,016

5,085

CURRENT ASSETS

Stocks

16,438

11,421

Debtors

59,521

61,436

Cash in hand

3,133

167

79,092

73,024

CREDITORS

Amounts falling due within one year

92,531

77,605

NET CURRENT LIABILITIES

(13,439

)

(4,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,423

)

504

CREDITORS

Amounts falling due after more than one year

500

500

NET (LIABILITIES)/ASSETS

(9,923

)

4

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(9,925

)

2

SHAREHOLDERS' FUNDS

(9,923

)

4

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 8 July 2015 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 2013

22,150

Additions

270

At 31 October 2014

22,420

DEPRECIATION

At 1 November 2013

17,065

Charge for year

1,339

At 31 October 2014

18,404

NET BOOK VALUE

At 31 October 2014

4,016

At 31 October 2013

5,085

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary shares

£1

2

2