Philip Security Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05359876 (England and Wales)

Abbreviated Accounts For The Year Ended 29th February 2016

for

Philip Security Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K F Phillip

REGISTERED OFFICE:

133 Creek Road

London

SE8 3BU

REGISTERED NUMBER:

05359876 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

2

1

CURRENT ASSETS

Debtors

45,341

68,529

Cash at bank

22,931

10,652

68,272

79,181

CREDITORS

Amounts falling due within one year

3

50,096

76,247

NET CURRENT ASSETS

18,176

2,934

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,177

2,935

CREDITORS

Amounts falling due after more than one
year

3

14,034

2,130

NET ASSETS

4,143

805

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

4,043

705

SHAREHOLDERS' FUNDS

4,143

805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 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 21st November 2016 and were signed by:

K F Phillip - 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

The turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes

and net of VAT.

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 etc

-

33% on cost

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 1st March 2015

and 29th February 2016

8,182

DEPRECIATION

At 1st March 2015

and 29th February 2016

8,181

NET BOOK VALUE

At 29th February 2016

1

At 28th February 2015

1

3.

CREDITORS

Creditors include an amount of £ 36,019 (2015 - £ 43,286 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100