Bee Tee Alarms Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02951000 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

BEE TEE ALARMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Collins

M Collins

SECRETARY:

A E Banner

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

REGISTERED NUMBER:

02951000 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

2,195

2,786

2,195

2,786

CURRENT ASSETS

Stocks

19,205

32,860

Debtors

583,561

580,988

Cash at bank and in hand

47,143

38,480

649,909

652,328

CREDITORS

Amounts falling due within one year

4

414,807

448,130

NET CURRENT ASSETS

235,102

204,198

TOTAL ASSETS LESS CURRENT
LIABILITIES

237,297

206,984

CREDITORS

Amounts falling due after more than one
year

4

-

3,707

NET ASSETS

237,297

203,277

CAPITAL AND RESERVES

Called up share capital

5

40,000

Profit and loss account

197,297

163,277

SHAREHOLDERS' FUNDS

237,297

203,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 April 2017 and were signed on its
behalf by:

P J Collins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises installation, maintenance and monitoring fees, excluding value added tax.

Installation fees are rendered on completion of work and are recognised on the basis of invoices

raised.

Maintenance fees are recognised on the basis of invoices raised subject to provision for maintenance

visits outstanding at the balance sheet date.

Monitoring fees are recognised on the basis of invoices raised which basis accords with the accounting

treatment of monitoring expenditure incurred.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, has been fully

amortised.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

15% - 33.3% on cost

Motor vehicles

-

33% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

Leasing

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

lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

86,623

AMORTISATION

At 1 September 2015

and 31 August 2016

86,623

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

48,515

Additions

756

At 31 August 2016

49,271

DEPRECIATION

At 1 September 2015

45,729

Charge for year

1,347

At 31 August 2016

47,076

NET BOOK VALUE

At 31 August 2016

2,195

At 31 August 2015

2,786

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 8,102 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

40,000

Ordinary

£1

40,000

6.	TRANSACTIONS WITH DIRECTORS

P J Collins, a director of the company, has given a personal guarantee against the bank borrowings of

the company.

Included within other debtors is an amount of £247,659 (2015 - £211,501) due from Mr P J Collins.

The maximum amount outstanding during the year was £247,659. Loan interest amounting to £6,546

(2015 - £6,359) was charged at a rate of 3%.