Fire Barrier Services Limited - Period Ending 2015-09-30

 
 
 
 
 
 
 
  Fire Barrier Services Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 September 2015
 
  Company Registration Number: 02943853

Fire Barrier Services Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Fire Barrier Services Limited
Abbreviated Balance Sheet
30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			22,541			30,418
Current assets
Stocks					3,500			30,752
Debtors					453,846			366,715
Cash at bank and in hand					469,772			760,832
					927,118			1,158,299
Creditors: Amounts falling due within one year					(301,951)			(260,710)
Net current assets					625,167			897,589
Total assets less current liabilities					647,708			928,007
Creditors: Amounts falling due after more than one year					(8,178)			(18,315)
Provisions for liabilities					(1,123)			(1,955)
Net assets					638,407			907,737
Capital and reserves
Called up share capital		4			100			200
Profit and loss account					638,307			907,537
Shareholders' funds					638,407			907,737

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Fire Barrier Services Limited
Abbreviated Balance Sheet
30 September 2015 ......... continued

For the year ending 30 September 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 23 June 2016.

R S Whyte
Director

Company Registration Number: 02943853

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Fire Barrier Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows;

Asset class	Depreciation method and rate
Plant & machinery	20% reducing balance
Fixtures & fittings	20% straight line
Motor vehicles	25% reducing balance

Fixed asset investments

All fixed assets are initially recorded at cost.

Work in progress

Work in progress is valued on the basis of the direct costs plus attributable overheads based on the normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Page 3

Fire Barrier Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		76,773			76,773
Disposals		(6,863)			(6,863)
At 30 September 2015		69,910			69,910
Depreciation
At 1 October 2014		46,355			46,355
Charge for the year		7,877			7,877
Eliminated on disposals		(6,863)			(6,863)
At 30 September 2015		47,369			47,369
Net book value
At 30 September 2015		22,541			22,541
At 30 September 2014		30,418			30,418

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		10,137			6,906
Amounts falling due after more than one year		8,178			18,315
Total secured creditors		18,315			25,221

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
Ordinary "B" shares of £1 each		-			-			100			100
		100			100			200			200

Page 4

Fire Barrier Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2015 ......... continued

5	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
R S Whyte
Interest free advance	-	-	45,000	170,968

6

Control

The immediate parent company is Fire Barrier Limited, a company incorporated in England and Wales .
 

Page 5