Accounts


	SAVER SECURITY LIMITED


	ABBREVIATED UNAUDITED ACCOUNTS


	FOR THE YEAR ENDED 31 OCTOBER 2016
























	INDEX TO THE ACCOUNTS



	Pages

	1	Abbreviated Balance Sheet

	2-3	Notes to the Abbreviated Accounts

SAVER SECURITY LIMITED
Company registered number: 08734342
ABBREVIATED BALANCE SHEET
AT 31 October 2016

	Note		2016	2015
		£	£	£
FIXED ASSETS
Tangible Assets	2		4,729	5,597

CURRENT ASSETS
Debtors falling due within one year		66		50
Cash at bank and in hand		1,575		2,791
		1,641		2,841
CREDITORS: Amounts falling due within one year		14,435		8,138
NET CURRENT LIABILITIES			(12,794)	(5,297)
NET (LIABILITIES)/ASSETS			(£8,065)	£300

CAPITAL AND RESERVES
Called up share capital	4		1	1
Profit and loss account			(8,066)	299
SHAREHOLDERS' FUNDS			(£8,065)	£300


	In approving these financial statements as directors of the company we hereby confirm the following:
	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	Directors' responsibilities:
	1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
	2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

	These abbreviated accounts were approved by the board of directors on 05 December 2016



	J Oliveira, Director


	The notes on pages 2 to 3 form part of these accounts
	page 1

	NOTES TO THE ABBREVIATED ACCOUNTS
	FOR THE YEAR ENDED 31 OCTOBER 2016



1a.	Basis of accounting

	The financial statements have been prepared under the historical cost convention.



1b.	Tangible fixed assets

	Fixed assets are shown at historical cost.

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
	Plant and machinery	Reducing balance 25%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 15%



1c.	Taxation

	Corporation tax payable is provided on taxable profits at the current rate.



1d.	Turnover

	Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.



1e.	Leasing and hire purchase contracts

	Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

	Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

	page 2

	SAVER SECURITY LIMITED
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 OCTOBER 2016

3.	CREDITORS
		2016	2015
		£	£
	Creditors include the following amounts of secured liabilities:
	Due within one year	(4,078)	-

4.	SHARE CAPITAL	2016	2015
		£	£
	Allotted, issued and fully paid:
	1 Ordinary shares of £1 each	£1	£1

page 3