Automatic Protection Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC169893 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Automatic Protection Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Harrison

S Harrison

SECRETARY:

Mrs A Harrison

REGISTERED OFFICE:

Apl House Biggar Business Park

5 Market Road

Biggar

Lanarkshire

ML12 6FX

REGISTERED NUMBER:

SC169893 (Scotland)

ACCOUNTANTS:

Sutherland Black

Chartered Accountants

8 Deer Park Avenue

Fairways Business Park

Livingston

West Lothian

EH54 8GA

FIXED ASSETS

Tangible assets

2

58,255

57,736

Investments

3

131,379

189,634

189,115

CURRENT ASSETS

Stocks

28,390

29,125

Debtors

151,776

152,885

Cash at bank and in hand

93,313

92,572

273,479

274,582

CREDITORS

Amounts falling due within one year

164,220

141,367

NET CURRENT ASSETS

109,259

133,215

TOTAL ASSETS LESS CURRENT
LIABILITIES

298,893

322,330

CREDITORS

Amounts falling due after more than
one year

(3,108

)

-

PROVISIONS FOR LIABILITIES

(10,170

)

(8,622

)

NET ASSETS

285,615

313,708

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

275,615

303,708

SHAREHOLDERS' FUNDS

285,615

313,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 26 August 2016 and were
signed on its behalf by:

N Harrison - 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.

In respect of long-term contracts and contracts for on-going services, turnover represents

the value of work done in the year, including estimates of amounts not invoiced. Turnover in

respect of long-term contracts and contracts for on-going services is recognised by reference

to the stage of completion.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into

sterling at the rate of exchange ruling at the date of transaction. Exchange differences are

taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

146,970

Additions

20,776

Disposals

(35,309

)

At 31 March 2016

132,437

DEPRECIATION

At 1 April 2015

89,234

Charge for year

14,140

Eliminated on disposal

(29,192

)

At 31 March 2016

74,182

NET BOOK VALUE

At 31 March 2016

58,255

At 31 March 2015

57,736

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

131,379

NET BOOK VALUE

At 31 March 2016

131,379

At 31 March 2015

131,379

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

1

10,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company provided £1,523 to the directors, resulting in the company

having an outstanding loan to the directors of £15,615 (2015:- £14,092). The loan is interest

free and there are no agreed repayment terms.