S O Security Limited - Period Ending 2016-03-31

S.O.SECURITY LIMITED - Company Information

Print Friendly Version

Registration number: 05288425

S O Security Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

bdhc Chartered Accountants
11 Moor Street
Chepstow
Monmouthshire
NP16 5DD

S O Security Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

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 Director on the Preparation of the Unaudited Statutory Accounts of
S O Security Limited
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 S O Security Limited 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 S O Security Limited, 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 S O Security Limited 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 S O Security Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S O Security Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of S O Security Limited. You consider that S O Security Limited 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 S O Security Limited. 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.

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

bdhc Chartered Accountants
11 Moor Street
Chepstow
Monmouthshire
NP16 5DD

29 November 2016

Page 1

S O Security Limited
(Registration number: 05288425)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		372	465
Current assets
Debtors		8,161	7,619
Cash at bank and in hand		1,412	2,290
		9,573	9,909
Creditors: Amounts falling due within one year		(4,560)	(2,718)
Net current assets		5,013	7,191
Net assets		5,385	7,656
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		5,383	7,654
Shareholders' funds		5,385	7,656

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 director acknowledges his 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 director on 29 November 2016

.........................................
Mr D A Burton
Director

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

S O Security Limited
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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimatede useful life.

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Fixtures and fittings	20% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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

S O Security Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	3,656	3,656
At 31 March 2016	3,656	3,656
Depreciation
At 1 April 2015	3,191	3,191
Charge for the year	93	93
At 31 March 2016	3,284	3,284
Net book value
At 31 March 2016	372	372
At 31 March 2015	465	465

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

Control

The company is controlled by Mr D Burton (a director of the company) and Mr Peter Fowler, by virtue of their shareholding
.

Page 4