Company Registration No. 06460660 (England and Wales)
PROACTIVE SECURITY SERVICES LIMITED
Annual report and unaudited accounts
for the year ended 31 December 2016
PROACTIVE SECURITY SERVICES LIMITED
Annual report and unaudited accounts
Contents
PROACTIVE SECURITY SERVICES LIMITED
Company Information
for the year ended 31 December 2016
Company Number
06460660 (England and Wales)
Registered Office
Unit 16 Gresley Close
Drayton Fields Industrial Estate
Daventry
NN1 8RZ
Accountants
ACAX Limited
Shilton House
56 Park Avenue North
Northampton
Northants
NN3 2JE
PROACTIVE SECURITY SERVICES LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PROACTIVE SECURITY SERVICES LIMITED for the year ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PROACTIVE SECURITY SERVICES LIMITED for the year ended
31 December 2016 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
ACAX Limited
Chartered Accountants
Shilton House
56 Park Avenue North
Northampton
Northants
NN3 2JE
19 April 2017
PROACTIVE SECURITY SERVICES LIMITED
Statement of financial position
as at 31 December 2016
Tangible assets
129,761
139,926
Cash at bank and in hand
221,924
144,101
Creditors: amounts falling due within one year
(430,536)
(418,596)
Net current assets
339,811
262,267
Total assets less current liabilities
469,572
402,193
Creditors: amounts falling due after more than one year
(36,738)
(42,904)
Provisions for liabilities
Deferred tax
(8,314)
(10,347)
Net assets
424,520
348,942
Called up share capital
100
100
Profit and loss account
424,420
348,842
Shareholders' funds
424,520
348,942
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 5 May 2017.
B Snedker
Director
Company Registration No. 06460660
PROACTIVE SECURITY SERVICES LIMITED
Statement of Changes in Equity
as at 31 December 2016
Share
capital
Profit
& loss
account
Total
At 1 January 2015
100
170,652
170,752
Profit for the year
253,690
253,690
Dividends
(75,500)
(75,500)
At 31 December 2015
100
348,842
348,942
At 1 January 2016
100
348,842
348,942
Profit for the year
175,578
175,578
Dividends
(100,000)
(100,000)
At 31 December 2016
100
424,420
424,520
PROACTIVE SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2016
PROACTIVE SECURITY SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06460660. The registered office and principal place of business is Unit 16 Gresley Close, Drayton Fields Industrial Estate, Daventry, NN1 8RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
PROACTIVE SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2016
100,846
31,424
40,105
495
3,668
176,538
Additions
-
-
20,000
-
557
20,557
Disposals
-
-
(16,204)
-
-
(16,204)
At 31 December 2016
100,846
31,424
43,901
495
4,225
180,891
At 1 January 2016
3,164
17,819
14,915
31
683
36,612
Charge for the year
3,164
5,582
11,820
124
917
21,607
On disposals
-
-
(7,089)
-
-
(7,089)
At 31 December 2016
6,328
23,401
19,646
155
1,600
51,130
At 31 December 2016
94,518
8,023
24,255
340
2,625
129,761
At 31 December 2015
97,682
13,605
25,190
464
2,985
139,926
Trade debtors
544,724
533,297
Accrued income and prepayments
1,089
1,233
6
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
4,311
4,311
Obligations under finance leases and hire purchase contracts
-
6,414
Trade creditors
105,894
44,558
Corporation tax
46,621
61,780
Other taxes and social security costs
164,432
199,363
Other creditors
14,346
21,103
Loans from directors
315
505
7
Creditors: amounts falling due after more than one year
2016
2015
Obligations under finance leases and hire purchase contracts
-
3,611
PROACTIVE SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 45 (2015: 89).
