1st Choice Alarms Ltd - Period Ending 2015-03-31

Registration number: 06024709

1st Choice Alarms Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

1st Choice Alarms Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

1st Choice Alarms Ltd
(Registration number: 06024709)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					49,429			57,231
Current assets
Stocks					3,823			4,855
Debtors					28,357			37,781
Cash at bank and in hand					10,162			-
					42,342			42,636
Creditors: Amounts falling due within one year					(99,234)			(102,456)
Net current liabilities					(56,892)			(59,820)
Net liabilities					(7,463)			(2,589)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(7,464)			(2,590)
Shareholders' deficit					(7,463)			(2,589)

For the year ending 31 March 2015 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 director acknowledges his 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 director on 27 July 2015

.........................................
Mr Mark Frodsham
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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1st Choice Alarms Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% Reducing balance
Fixtures and Fittings	20% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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1st Choice Alarms Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		71,149			71,149
Additions		4,555			4,555
At 31 March 2015		75,704			75,704
Depreciation
At 1 April 2014		13,918			13,918
Charge for the year		12,357			12,357
At 31 March 2015		26,275			26,275
Net book value
At 31 March 2015		49,429			49,429
At 31 March 2014		57,231			57,231

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary £1 Shares of £1 each		1			1			1			1

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