Accounts filed on 31-05-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/05/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05905930


Registered Number: 05905930

BALANCE SHEET AT 31/05/2016

			2016		2015
	Notes		£		£

FIXED ASSETS

CURRENT ASSETS
Stock		15,306		23,315
Debtors (amounts falling due within one year)	2	216,116		135,868
Cash at bank and in hand		20		11,022
		231,442		170,205
CREDITORS: Amounts falling due within one year		49,354		47,585
NET CURRENT ASSETS			182,088		122,620
TOTAL ASSETS LESS CURRENT LIABILITIES			182,088		122,620

CAPITAL AND RESERVES

Called up share capital	3		100		100
Profit and loss account			181,988		122,520
SHAREHOLDERS' FUNDS			182,088		122,620

For the year ending 31/05/2016 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 16/01/2017 and signed on their behalf by




D B Curant
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor Cars		reducing balance 25%




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




2. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	49,712	43,127
Other debtors	166,404	92,741
	216,116	135,868




3. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




4. RELATED PARTIES TRANSACTIONS
Transactions have taken place during the year with Calloway Group Limited and with companies which are 100% subsidiaries of Calloway Group, as noted below. The transactions were made at normal commercial rates.


	The Sharper Edge Limited	Harpenden Alarms Limited	Calloway Group Limited
Balance owed to / (by) the company at 1 June 2015	86,806	5,367	(559)
Transfers of funds	431,018	(4,924)	-
Goods and services	(287,355)	831	-
Group VAT accounting	(66,526)	-	-
Balance owed to / (by) the company at 31 May 2016	£163,943	£1,274	£(559)




5. OPERATING LEASE COMMITMENTS
Commitments under vehicle operating leases due in the next year:


Expiry between 1 - 2 years	£12,386	-
Expiry between 2 - 5 years	-	£12,386




6. CONTROLLING PARTY
100% of the beneficial interest in the issued share capital is held by Calloway Group Limited. David Curant, a director, controls Calloway Group Limited by virtue of his controlling interest of 100% of the issued share capital.