Bonthrone Security Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC412503 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Bonthrone Security Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I A Bonthrone

REGISTERED OFFICE:

Unit 2

Riverview Business Park

Friarton Road

Perth

Perthshire

PH2 8DF

REGISTERED NUMBER:

SC412503 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

4 Atholl Crescent

Perth

Perthshire

PH1 5NG

FIXED ASSETS

Tangible assets

2

2,477

21,143

CURRENT ASSETS

Stocks

42,927

23,964

Debtors

80,415

71,348

Cash at bank and in hand

551

28,973

123,893

124,285

CREDITORS

Amounts falling due within one year

3

121,516

69,494

NET CURRENT ASSETS

2,377

54,791

TOTAL ASSETS LESS CURRENT LIABILITIES

4,854

75,934

PROVISIONS FOR LIABILITIES

495

587

NET ASSETS

4,359

75,347

CAPITAL AND RESERVES

Called up share capital

4

1

2

Capital redemption reserve

1

-

Profit and loss account

4,357

75,345

SHAREHOLDERS' FUNDS

4,359

75,347

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 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 26 August 2016 and were signed by:

I A Bonthrone - 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 and services, excluding value added tax, for security

systems during the period. Turnover in respect of maintenance contracts is recognised when the income is

received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

20% on cost

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 is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.Deferred tax is provided at the average rates that are expected to apply when 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 and liabilities are not discounted.

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

25,954

Additions

506

Disposals

(22,591

)

At 30 November 2015

3,869

DEPRECIATION

At 1 December 2014

4,811

Charge for year

772

Eliminated on disposal

(4,191

)

At 30 November 2015

1,392

NET BOOK VALUE

At 30 November 2015

2,477

At 30 November 2014

21,143

3.

CREDITORS

Creditors include an amount of £ 24,928 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Share capital 1

£1

1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2015 and

30 November 2014:

2015

2014

£

£

I A Bonthrone

Balance outstanding at start of year

-

840

Amounts advanced

2,089

-

Amounts repaid

-

(840

)

Balance outstanding at end of year

2,089

-

6.	ULTIMATE CONTROLLING PARTY