Advanced Fire Protection Limited - Abbreviated accounts 16.1
Advanced Fire Protection Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| FOR |
| ADVANCED FIRE PROTECTION LIMITED |
| ADVANCED FIRE PROTECTION LIMITED (REGISTERED NUMBER: 03932260) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 28 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ADVANCED FIRE PROTECTION LIMITED |
| COMPANY INFORMATION |
| for the year ended 28 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ADVANCED FIRE PROTECTION LIMITED (REGISTERED NUMBER: 03932260) |
| ABBREVIATED BALANCE SHEET |
| 28 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ADVANCED FIRE PROTECTION LIMITED (REGISTERED NUMBER: 03932260) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 February 2016 |
| The financial statements were approved by the Board of Directors on |
| ADVANCED FIRE PROTECTION LIMITED (REGISTERED NUMBER: 03932260) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 28 February 2016 |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Fixtures & fittings - 25% on reducing balance basis |
| Plant & machinery - 25% on reducing balance basis |
| Motor vehicles - 25% on reducing balance basis |
| Computer equipment - 25% on reducing balance basis |
| Stocks |
| Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed |
| and variable overheads. |
| Deferred tax |
| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
| different from those in which they are included in the company's account. Deferred tax is provided in full on |
| timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax |
| rates that are expected to apply then the timing differences reverse, based on current tax rates and laws. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. |
| Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
| recovered. Deferred tax assets and liabilities are not discounted. |
| Leasing commitments |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
| the lessor are charged to the profit and loss account on a straight line basis over the lease term. |
| Assets held under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed |
| assets at their fair value. The capital element of the future payments is treated as a liability, and the interest |
| element is charged to the profit and loss account over the period of the lease at a constant proportion of the |
| outstanding balance of capital repayments. |
| ADVANCED FIRE PROTECTION LIMITED (REGISTERED NUMBER: 03932260) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 28 February 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 28 February 2016 and |
| 28 February 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| 6. | CONTROL |
| The company was controlled by the directors, D A Jones & H M Jones by virtue of their shareholdings. |