Securit System Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02061258 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Securit System Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Mullane

SECRETARY:

G Mullane

REGISTERED OFFICE:

Securit House

Lagham Road

South Godstone

Surrey

RH9 8YZ

REGISTERED NUMBER:

02061258 (England and Wales)

ACCOUNTANTS:

Incisive Accounting Limited

57-59 Beak Street

London

W1F 9SJ

FIXED ASSETS

Tangible assets

2

22,340

14,615

CURRENT ASSETS

Stocks

39,305

40,961

Debtors

380,191

415,953

Cash at bank and in hand

545,952

365,289

965,448

822,203

CREDITORS

Amounts falling due within one year

475,888

343,234

NET CURRENT ASSETS

489,560

478,969

TOTAL ASSETS LESS CURRENT LIABILITIES

511,900

493,584

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

511,898

493,582

SHAREHOLDERS' FUNDS

511,900

493,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 August 2014 and were signed by:

R Mullane - 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 cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

274,796

Additions

17,300

At 31 December 2013

292,096

DEPRECIATION

At 1 January 2013

260,181

Charge for year

9,575

At 31 December 2013

269,756

NET BOOK VALUE

At 31 December 2013

22,340

At 31 December 2012

14,615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/13

31/12/12

value:

£

£

2

Ordinary

£1

2

2