CROWN_SECURITY_SYSTEMS_LI - Accounts

CROWN SECURITY SYSTEMS LIMITED - Company Information

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Company Registration No. 01665091 (England and Wales)

CROWN SECURITY SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

TWP Accounting LLP

Chartered Accountants

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

CROWN SECURITY SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

CROWN SECURITY SYSTEMS LIMITED

Company Registration No. 01665091

ABBREVIATED BALANCE SHEET

AS AT 31 August 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

28,446

56,893

Tangible assets

138,606

152,404

Investments

267,784

434,836

477,081

Current assets

Stocks

26,019

24,419

Debtors

144,309

205,043

Cash at bank and in hand

522,484

342,997

692,812

572,459

Creditors: amounts falling due within one year

(304,863)

(333,062)

Net current assets

387,949

239,397

Total assets less current liabilities

822,785

716,478

Creditors: amounts falling due after more than one year

(905)

(6,076)

Accruals and deferred income

(257,038)

(247,494)

564,842

462,908

Capital and reserves

Called up share capital

2,000

Profit and loss account

562,842

460,908

Shareholders' funds

564,842

462,908

CROWN SECURITY SYSTEMS LIMITED

Company Registration No. 01665091

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 August 2016

- 2 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 January 2017

G A Porter

Director

CROWN SECURITY SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

1.2

Turnover

Turnover comprises revenue recognised by the company in respect of installation and maintenance of security systems supplied during the year, exclusive of VAT and trade discounts. The proportion of invoiced services that relate to later periods are carried forward as deferred income.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life at 3 years. at 3 years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% straight line

1.5

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Investments are held at their historical cost value less provision for impairment. The market value at the balance sheet date has been disclosed in the notes to the balance sheet.

1.7

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

CROWN SECURITY SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 September 2015

85,340

349,998

267,784

703,122

Additions

43,452

Disposals

(35,010)

At 31 August 2016

85,340

358,440

267,784

711,564

Depreciation

At 1 September 2015

28,447

197,594

226,041

On disposals

(23,954)

Charge for the year

28,447

46,194

74,641

At 31 August 2016

56,894

219,834

276,728

Net book value

At 31 August 2016

28,446

138,606

267,784

434,836

At 31 August 2015

56,893

152,404

267,784

477,081

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Heston Apex Limited

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Heston Apex Limited

Electrical contracting services for fire and security systems

1,296

46,085

Creditors: amounts falling due within one year

The obligations under hire purchase contracts of £5,171 (2015 - £4,756) are secured on the assets to which they relate.

CROWN SECURITY SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 5 -

Creditors: amounts falling due after more than one year

The obligations under hire purchase contracts of £905 (2015 - £6,076) are secured on the assets to which they relate.

Share capital

2016

2015

Allotted, called up and fully paid

2,000 Ordinary shares of £1 each

2,000