High Security Locking Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07181604 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

HIGH SECURITY LOCKING LIMITED

TRADING AS

LIGHT SMITHS

Page

Company Information

1

Chartered Certified Accountant's Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

B Rutter

P Rutter

SECRETARY:

Mrs C Rutter

REGISTERED OFFICE:

Unit 11 Mildmay House

Foundry Lane

Burnham on Crouch

Essex

CM0 8BL

REGISTERED NUMBER:

07181604 (England and Wales)

ACCOUNTANT:

Courts & Co.

Lescott Courts Limited

Chartered Certified Accountants

Unit 11 Mildmay House

Foundry Lane

Burnham on Crouch

Essex

CM0 8BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of High Security Locking Limited for the year ended 31 March 2014 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of High Security Locking Limited, as a body, in accordance with my

terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of High

Security Locking Limited and state those matters that I have agreed to state to the Board of Directors of High Security

Locking Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified

Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or

for this report.

It is your duty to ensure that High Security Locking Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of High

Security Locking Limited. You consider that High Security Locking Limited is exempt from the statutory audit

requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of High Security Locking Limited.

For this reason, I have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Courts & Co.

Lescott Courts Limited

Unit 11 Mildmay House

Foundry Lane

Burnham on Crouch

Essex

CM0 8BL

5 June 2014

FIXED ASSETS

Tangible assets

2

248,878

211,133

CURRENT ASSETS

Stocks

83,000

91,000

Debtors

144,831

142,194

Cash at bank and in hand

50,052

10,714

277,883

243,908

CREDITORS

Amounts falling due within one year

235,776

192,330

NET CURRENT ASSETS

42,107

51,578

TOTAL ASSETS LESS CURRENT LIABILITIES

290,985

262,711

CREDITORS

Amounts falling due after more than one year

175,270

182,046

NET ASSETS

115,715

80,665

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

115,713

80,663

SHAREHOLDERS' FUNDS

115,715

80,665

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

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

The directors acknowledge their 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 Board of Directors on 5 June 2014 and were signed on its behalf by:

B Rutter - 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

-

15% on cost

Computer equipment

-

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 April 2013

266,209

Additions

87,607

At 31 March 2014

353,816

DEPRECIATION

At 1 April 2013

55,076

Charge for year

49,862

At 31 March 2014

104,938

NET BOOK VALUE

At 31 March 2014

248,878

At 31 March 2013

211,133

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

2

2