Firecare Alarm Systems Ltd - Period Ending 2016-03-31

Registration number: 04689827

Firecare Alarm Systems Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

E J Business Consultants Limited
The Rectory
Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Firecare Alarm Systems Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Firecare Alarm Systems Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Firecare Alarm Systems Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Firecare Alarm Systems Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Firecare Alarm Systems Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Firecare Alarm Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Firecare Alarm Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Firecare Alarm Systems Ltd. You consider that Firecare Alarm Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Firecare Alarm Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

E J Business Consultants Limited
The Rectory
Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

31 October 2016

Page 1

Firecare Alarm Systems Ltd
(Registration number: 04689827)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,291			2,291
Current assets
Debtors					4,225			4,225
Cash at bank and in hand					670			671
					4,895			4,896
Creditors: Amounts falling due within one year					(402)			(403)
Net current assets					4,493			4,493
Net assets					6,784			6,784
Capital and reserves
Called up share capital		3			102			102
Profit and loss account					6,682			6,682
Shareholders' funds					6,784			6,784

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 October 2016 and signed on its behalf by:

.........................................
Mr Emyr Evans
Director

.........................................
Mr T Humfryes
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Firecare Alarm Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Amortisation method and rate
Goodwill	Over 4 years

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Equipment	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Firecare Alarm Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		7,500			13,230			20,730
At 31 March 2016		7,500			13,230			20,730
Depreciation
At 1 April 2015		7,500			10,939			18,439
At 31 March 2016		7,500			10,939			18,439
Net book value
At 31 March 2016		-			2,291			2,291
At 31 March 2015		-			2,291			2,291

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		102			102			102			102

Page 4