Secure Bolts Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07834602 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

SECURE BOLTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms M Ingham

REGISTERED OFFICE:

Unit 19 Lingard Court

Skypark International

Speke Hall Avenue

Liverpool

Merseyside

L24 1YH

REGISTERED NUMBER:

07834602 (England and Wales)

ACCOUNTANTS:

Heriot Hughes Chartered Accountants

42 Crosby Road North

Crosby

Merseyside

L22 4QQ

FIXED ASSETS

Tangible assets

2

4,087

5,449

CURRENT ASSETS

Stocks

12,850

12,965

Debtors

54,863

58,959

Cash at bank and in hand

32,632

8,353

100,345

80,277

CREDITORS

Amounts falling due within one year

65,056

71,006

NET CURRENT ASSETS

35,289

9,271

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,376

14,720

PROVISIONS FOR LIABILITIES

544

756

NET ASSETS

38,832

13,964

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

38,831

13,963

SHAREHOLDERS' FUNDS

38,832

13,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 June 2016 and were signed by:

Ms M Ingham - 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 January 2015).

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 etc

-

25% 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.

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 December 2014

and 30 November 2015

10,100

DEPRECIATION

At 1 December 2014

4,651

Charge for year

1,362

At 30 November 2015

6,013

NET BOOK VALUE

At 30 November 2015

4,087

At 30 November 2014

5,449

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year under review the company was in receipt of a loan from its director, Ms M Ingham. The amount

due to Ms Ingham at 30 November 2015 was £15,503 (2014 - £7,319).

This loan is unsecured and interest free.