Abbreviated Company Accounts - LOCK DOCTOR SERVICES LIMITED

Abbreviated Company Accounts - LOCK DOCTOR SERVICES LIMITED

LOCK DOCTOR SERVICES LIMITED - Company Information

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Registered Number 04634489

LOCK DOCTOR SERVICES LIMITED

Abbreviated Accounts

31 January 2016

LOCK DOCTOR SERVICES LIMITED Registered Number 04634489

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 13,362 8,532
13,362 8,532
Current assets
Stocks 23,989 27,923
Debtors 44,190 42,081
Cash at bank and in hand 59,146 62,783
127,325 132,787
Creditors: amounts falling due within one year (47,538) (77,053)
Net current assets (liabilities) 79,787 55,734
Total assets less current liabilities 93,149 64,266
Total net assets (liabilities) 93,149 64,266
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 93,147 64,264
Shareholders' funds 93,149 64,266
  • For the year ending 31 January 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 21 November 2016

And signed on their behalf by:
GRAHAM KING, Director

LOCK DOCTOR SERVICES LIMITED Registered Number 04634489

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
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:

Plant & Machinery - 25% on the reducing balance
Equipment - 25% on the reducing balance

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
At 1 February 2015 29,447
Additions 9,284
Disposals -
Revaluations -
Transfers -
At 31 January 2016 38,731
Depreciation
At 1 February 2015 20,915
Charge for the year 4,454
On disposals -
At 31 January 2016 25,369
Net book values
At 31 January 2016 13,362
At 31 January 2015 8,532

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2