Securesight International Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03420596 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

SECURESIGHT INTERNATIONAL LIMITED

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

CURRENT ASSETS

Stocks

4,000

68,618

Debtors

2

665,912

643,814

Cash at bank

-

313

669,912

712,745

CREDITORS

Amounts falling due within one year

3

38,858

63,922

NET CURRENT ASSETS

631,054

648,823

TOTAL ASSETS LESS CURRENT LIABILITIES

631,054

648,823

CREDITORS

Amounts falling due after more than one year

468,649

486,327

NET ASSETS

162,405

162,496

CAPITAL AND RESERVES

Called up share capital

4

125

125

Share premium

148,625

148,625

Profit and loss account

13,655

13,746

SHAREHOLDERS' FUNDS

162,405

162,496

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 30 September 2015 and were signed by:

S P Holmes - 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 the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods and services falling within the company's ordinary activities.

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.

2.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 635,522 (2013 - £ 634,825 )

3.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 6,009 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

125

Ordinary

£1

125

125

5.	ULTIMATE PARENT COMPANY

The Company's ultimate parent company is Securewell Limited, a company registered in England and Wales and

who's company registration number is 05165903. Securewell Limited's registered office is Southcroft, Bredons

Norton, Tewkesbury, Gloucestershire GL20 7EZ. Securewell Limited owns 80% of the company's issued share

capital.