Alarms & Electrical (Devizes) Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 01283841 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2015

for

Alarms & Electrical (Devizes) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P E Townsend

P Cave

SECRETARY:

P Cave

REGISTERED OFFICE:

Units 2-3

Hopton Industrial Estate

Devizes

SN10 2EU

REGISTERED NUMBER:

01283841 (England and Wales)

ACCOUNTANTS:

Silbury Business Advisers Limited

Chartered Accountants

Venture House

Calne Road

Lyneham

Chippenham

SN15 4PP

FIXED ASSETS

Property, plant and equipment

4

267,295

311,596

CURRENT ASSETS

Inventories

33,853

32,799

Debtors: amounts falling due within one year

5

198,347

184,966

Cash at bank and in hand

53,316

59,772

285,516

277,537

CREDITORS

Amounts falling due within one year

6

201,124

206,544

NET CURRENT ASSETS

84,392

70,993

TOTAL ASSETS LESS CURRENT LIABILITIES

351,687

382,589

CREDITORS

Amounts falling due after more than one year

7

(81,557

)

(88,698

)

PROVISIONS FOR LIABILITIES

(10,202

)

(10,898

)

NET ASSETS

259,928

282,993

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Share premium

500

500

Capital redemption reserve

1,450

1,450

Retained earnings

254,978

278,043

SHAREHOLDERS' FUNDS

259,928

282,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 10 September 2016 and were signed on its behalf by:

P E Townsend - Director

1.	STATUTORY INFORMATION

Alarms & Electrical (Devizes) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Inventories 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2015

298,979

210,362

509,341

Additions

-

12,138

12,138

Disposals

(55,194

)

-

(55,194

)

At 31 December 2015

243,785

222,500

466,285

DEPRECIATION

At 1 January 2015

32,559

165,186

197,745

Charge for year

5,980

22,374

28,354

Eliminated on disposal

(27,109

)

-

(27,109

)

At 31 December 2015

11,430

187,560

198,990

NET BOOK VALUE

At 31 December 2015

232,355

34,940

267,295

At 31 December 2014

266,420

45,176

311,596

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Trade debtors

182,148

171,970

Other debtors

16,199

12,996

198,347

184,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

£

Bank loans and overdrafts

8,625

6,768

Trade creditors

20,509

21,604

Taxation and social security

59,126

56,972

Other creditors

112,864

121,200

201,124

206,544

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.15

31.12.14

£

£

Bank loans

81,557

88,698

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

81,557

54,858

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.15

31.12.14

£

£

Bank loans

88,625

95,466

A fixed charge is in place on freehold property.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £177,600 (2014 - £88,137) were paid to the directors .

10.	FIRST YEAR ADOPTION

FRS 102 has been adopted at 1 January 2015. There have been no adjustments as a consequence of

the adoption of FRS 102.