Securit System Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02061258 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Securit System Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Mullane

SECRETARY:

G Mullane

REGISTERED OFFICE:

Securit House

Lagham Road

South Godstone

Surrey

RH9 8YZ

REGISTERED NUMBER:

02061258 (England and Wales)

ACCOUNTANTS:

Incisive Accounting Limited

57-59 Beak Street

London

W1F 9SJ

FIXED ASSETS

Tangible assets

2

12,500

25,205

CURRENT ASSETS

Stocks

19,547

31,063

Debtors

122,453

142,580

Cash at bank and in hand

272,983

509,576

414,983

683,219

CREDITORS

Amounts falling due within one year

128,307

244,124

NET CURRENT ASSETS

286,676

439,095

TOTAL ASSETS LESS CURRENT
LIABILITIES

299,176

464,300

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

299,174

464,298

SHAREHOLDERS' FUNDS

299,176

464,300

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 27 September 2016 and were signed by:

R Mullane - 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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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 January 2015

and 31 December 2015

212,742

DEPRECIATION

At 1 January 2015

187,537

Charge for year

12,705

At 31 December 2015

200,242

NET BOOK VALUE

At 31 December 2015

12,500

At 31 December 2014

25,205

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

2

Ordinary

£1

2