Abbreviated Company Accounts - ISLAND SECURITIES LIMITED

ISLAND SECURITIES LIMITED - Company Information

04130181 ISLAND SECURITIES LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 04130181 2013-11-01 2014-10-31 04130181 2014-10-31 04130181 2013-10-31 04130181 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 04130181 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 04130181

ISLAND SECURITIES LIMITED

Abbreviated Accounts

31 October 2014

ISLAND SECURITIES LIMITED Registered Number 04130181

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,025,000	1,025,000
		1,025,000	1,025,000
Current assets
Debtors		73,246	72,840
Cash at bank and in hand		69,370	71,477
		142,616	144,317
Creditors: amounts falling due within one year		(24,709)	(21,762)
Net current assets (liabilities)		117,907	122,555
Total assets less current liabilities		1,142,907	1,147,555
Creditors: amounts falling due after more than one year		(619,496)	(640,631)
Provisions for liabilities		(132,476)	(152,347)
Total net assets (liabilities)		390,935	354,577
Capital and reserves
Called up share capital	3	10,000	10,000
Revaluation reserve		662,378	662,378
Profit and loss account		(281,443)	(317,801)
Shareholders' funds		390,935	354,577

For the year ending 31 October 2014 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 30 July 2015

And signed on their behalf by:
Mr. A. D. Watson, Director
Mr. A. J. Murley, Director

ISLAND SECURITIES LIMITED Registered Number 04130181

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of 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.

2Tangible fixed assets

	£
Cost
At 1 November 2013	1,025,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,025,000
Depreciation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	1,025,000
At 31 October 2013	1,025,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10,000 Ordinary shares of £1 each	10,000	10,000