Ace Fire Protection Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03019242 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

for

ACE FIRE PROTECTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms C Lee

REGISTERED OFFICE:

Unit 11, Millhead Way

Roach View Business Park

Purdeys Industrial Estate

Rochford

Essex

SS4 1LB

REGISTERED NUMBER:

03019242 (England and Wales)

ACCOUNTANTS:

Unity

Chartered Certified Accountants

Finance House

20/21 Aviation Way

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

2

15,865

15,865

CURRENT ASSETS

Stocks

742

742

Debtors

226,649

226,649

Cash at bank

350,648

350,648

578,039

578,039

CREDITORS

Amounts falling due within one year

161,151

161,151

NET CURRENT ASSETS

416,888

416,888

TOTAL ASSETS LESS CURRENT LIABILITIES

432,753

432,753

CREDITORS

Amounts falling due after more than one year

6,069

6,069

NET ASSETS

426,684

426,684

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

426,584

426,584

SHAREHOLDERS' FUNDS

426,684

426,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29th September 2015 and were signed by:

Ms C Lee - 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 etc

-

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 1st January 2014

and 31st December 2014

38,947

DEPRECIATION

At 1st January 2014

and 31st December 2014

23,082

NET BOOK VALUE

At 31st December 2014

15,865

At 31st December 2013

15,865

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100