Lichfield Fire & Safety Equipment Co - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03718799 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

LICHFIELD FIRE & SAFETY EQUIPMENT CO

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H A Khatib

SECRETARY:

A Al-Salieby

REGISTERED OFFICE:

Unit 8, Calibre Ind. Park

Laches Close

Four Ashes

Wolverhampton

West Midlands

WV10 7DZ

REGISTERED NUMBER:

03718799 (England and Wales)

ACCOUNTANTS:

Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

FIXED ASSETS

Tangible assets

2

744,155

730,020

CURRENT ASSETS

Stocks

10,990

510,825

Debtors

1,247,715

1,039,219

Cash at bank and in hand

221,145

405,147

1,479,850

1,955,191

CREDITORS

Amounts falling due within one year

717,915

1,198,341

NET CURRENT ASSETS

761,935

756,850

TOTAL ASSETS LESS CURRENT LIABILITIES

1,506,090

1,486,870

CREDITORS

Amounts falling due after more than one year

1,000,000

1,000,000

NET ASSETS

506,090

486,870

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

496,090

476,870

SHAREHOLDERS' FUNDS

506,090

486,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 29 August 2014 and were signed by:

H A Khatib - 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.

Fixtures & equipment

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

763,433

Additions

30,462

At 31 December 2013

793,895

DEPRECIATION

At 1 January 2013

33,413

Charge for year

16,327

At 31 December 2013

49,740

NET BOOK VALUE

At 31 December 2013

744,155

At 31 December 2012

730,020

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10,000

Ordinary

£1

10,000

10,000