Abbreviated Company Accounts - ING SECURITY LTD

09036484 ING SECURITY LTD 2016-05-31 false 2015-06-01 2016-05-31 true 09036484 2015-06-01 2016-05-31 09036484 2016-05-31 09036484 2015-05-31 09036484 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 09036484 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 09036484

ING SECURITY LTD

Abbreviated Accounts

31 May 2016

ING SECURITY LTD Registered Number 09036484

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,604	5,200
		4,604	5,200
Current assets
Debtors		14,928	16,478
Cash at bank and in hand		3,683	3,567
		18,611	20,045
Creditors: amounts falling due within one year		(2,771)	(7,261)
Net current assets (liabilities)		15,840	12,784
Total assets less current liabilities		20,444	17,984
Total net assets (liabilities)		20,444	17,984
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		20,344	17,884
Shareholders' funds		20,444	17,984

For the year ending 31 May 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 7 January 2017

And signed on their behalf by:
Irfan Dalkaya, Director

ING SECURITY LTD Registered Number 09036484

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

-Equipment's, Fixtures & Fittings Over 5 Years

Valuation information and policy
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2Tangible fixed assets

	£
Cost
At 1 June 2015	6,500
Additions	704
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	7,204
Depreciation
At 1 June 2015	1,300
Charge for the year	1,300
On disposals	-
At 31 May 2016	2,600
Net book values
At 31 May 2016	4,604
At 31 May 2015	5,200

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100