Automatic Protection Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC169893 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

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

57,736

70,480

Investments

3

131,379

131,379

189,115

201,859

CURRENT ASSETS

Stocks

29,125

17,095

Debtors

152,885

166,533

Cash at bank and in hand

92,572

103,186

274,582

286,814

CREDITORS

Amounts falling due within one year

141,367

171,306

NET CURRENT ASSETS

133,215

115,508

TOTAL ASSETS LESS CURRENT LIABILITIES

322,330

317,367

CREDITORS

Amounts falling due after more than one year

-

(12,422

)

PROVISIONS FOR LIABILITIES

(8,622

)

(10,528

)

NET ASSETS

313,708

294,417

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

303,708

284,417

SHAREHOLDERS' FUNDS

313,708

294,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 28 July 2015 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 2014

146,306

Additions

664

At 31 March 2015

146,970

DEPRECIATION

At 1 April 2014

75,826

Charge for year

13,408

At 31 March 2015

89,234

NET BOOK VALUE

At 31 March 2015

57,736

At 31 March 2014

70,480

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

131,379

NET BOOK VALUE

At 31 March 2015

131,379

At 31 March 2014

131,379

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

10,000

Ordinary

1

10,000

10,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company repaid £20,360 to the directors, resulting in the company having an outstanding

loan to the directors of £14,092 (2014:- £34,452). The loan is interest free and there are no agreed repayment

terms.