FRANK_ALARMS_LIMITED - Accounts

FRANK ALARMS LTD - Company Information

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Company Registration No. 07198146 (England and Wales)

FRANK ALARMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

FRANK ALARMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FRANK ALARMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

25,513

11,747

Current assets

Debtors

40,675

38,558

Cash at bank and in hand

51,528

4,768

92,203

43,326

Creditors: amounts falling due within one year

(74,984)

(35,212)

Net current assets

17,219

8,114

Total assets less current liabilities

42,732

19,861

Creditors: amounts falling due after more than one year

(21,590)

(26,362)

21,142

(6,501)

Capital and reserves

Called up share capital

1,000

Profit and loss account

20,142

(7,501)

Shareholders' funds

21,142

(6,501)

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 November 2015

F Rivera

E Rivera

Director

Company Registration No. 07198146

FRANK ALARMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 June 2014

26,035

Additions

18,750

At 31 May 2015

44,785

Depreciation

At 1 June 2014

14,287

Charge for the year

4,985

At 31 May 2015

19,272

Net book value

At 31 May 2015

25,513

At 31 May 2014

11,747

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000