DG Security and Electrical Systems Limit - Abbreviated accounts 16.3

DG Security and Electrical Systems Limit - Abbreviated accounts 16.3

DG SECURITY AND ELECTRICAL SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 04823909 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2016

FOR

DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED

DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED (REGISTERED NUMBER: 04823909)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JULY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2016







DIRECTORS: D Goadsby
Mrs G Goadsby





SECRETARY: Mrs G Goadsby





REGISTERED OFFICE: 27 The Green
Hesketh Bank
Preston
Lancashire
PR4 6SB





REGISTERED NUMBER: 04823909 (England and Wales)





ACCOUNTANTS: TLL Accountants
7-9 Station Road
Hesketh Bank
Preston
Lancashire
PR4 6SN
Page 1
DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED (REGISTERED NUMBER: 04823909)

ABBREVIATED BALANCE SHEET
31ST JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,544 1,729

CURRENT ASSETS
Stocks 3,200 3,200
Debtors 9,194 10,620
Cash at bank 4,146 1,363
16,540 15,183
CREDITORS
Amounts falling due within one year 25,970 31,563
NET CURRENT LIABILITIES (9,430 ) (16,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(7,886
)
(14,651
)

PROVISIONS FOR LIABILITIES 125 3
NET LIABILITIES (8,011 ) (14,654 )

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account (8,013 ) (14,656 )
SHAREHOLDERS' FUNDS (8,011 ) (14,654 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 28th April 2017 and were signed on its behalf by:



D Goadsby - Director


The notes form part of these abbreviated accounts

Page 2
DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED (REGISTERED NUMBER: 04823909)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JULY 2016

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 represents net invoiced sales of goods, excluding value added tax.

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

Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Going concern
The Accounts have been prepared on a going concern basis which the directors believe to be appropriate having
considered the next 12 months trading, despite there being net liabilities. Within creditors at the year end is a
balance of £6,310 owed to the directors which they have given assurances that they will not withdraw until the
company is in such a position to do so.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st August 2015 24,010
Additions 138
At 31st July 2016 24,148
DEPRECIATION
At 1st August 2015 22,281
Charge for year 323
At 31st July 2016 22,604
NET BOOK VALUE
At 31st July 2016 1,544
At 31st July 2015 1,729

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 3 continued...
DG SECURITY AND ELECTRICAL SYSTEMS
LIMITED (REGISTERED NUMBER: 04823909)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST JULY 2016

4. CONTROL OF THE ENTITY

The company is controlled by the directors by virtue of their 100% ownership of the issued share capital.

Page 4