Lichfield Fire & Safety Equipment Co - Abbreviated accounts 16.1

REGISTERED NUMBER: 03718799 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

LICHFIELD FIRE & SAFETY EQUIPMENT CO

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H A Khatib

SECRETARY:

A Al-Salieby

REGISTERED OFFICE:

Unit 8, Calibre Ind. Park

Laches Close

Four Ashes

Wolverhampton

West Midlands

WV10 7DZ

REGISTERED NUMBER:

03718799 (England and Wales)

ACCOUNTANTS:

Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

FIXED ASSETS

Tangible assets

2

774,149

745,914

CURRENT ASSETS

Stocks

316,158

227,882

Debtors

751,659

699,133

Cash at bank and in hand

60,873

25,987

1,128,690

953,002

CREDITORS

Amounts falling due within one year

697,920

518,389

NET CURRENT ASSETS

430,770

434,613

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,919

1,180,527

CREDITORS

Amounts falling due after more than one
year

800,000

NET ASSETS

404,919

380,527

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

394,919

370,527

SHAREHOLDERS' FUNDS

404,919

380,527

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 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 May 2016 and were signed by:

H A Khatib - 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.

Fixtures & equipment

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

812,421

Additions

52,061

At 31 December 2015

864,482

DEPRECIATION

At 1 January 2015

66,507

Charge for year

23,826

At 31 December 2015

90,333

NET BOOK VALUE

At 31 December 2015

774,149

At 31 December 2014

745,914

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

£1

10,000