Fire Barrier Services Limited - Period Ending 2017-09-30

 
 
 
 
 
 
 
  Fire Barrier Services Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 September 2016
 
  Company Registration Number: 02943853

Fire Barrier Services Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Fire Barrier Services Limited
Abbreviated Balance Sheet
30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			16,882			22,541
Current assets
Stocks					3,500			3,500
Debtors					470,634			453,846
Cash at bank and in hand					658,956			469,772
					1,133,090			927,118
Creditors: Amounts falling due within one year					(341,518)			(301,951)
Net current assets					791,572			625,167
Total assets less current liabilities					808,454			647,708
Creditors: Amounts falling due after more than one year					-			(8,178)
Provisions for liabilities					(1,653)			(1,123)
Net assets					806,801			638,407
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					806,701			638,307
Shareholders' funds					806,801			638,407

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Fire Barrier Services Limited
Abbreviated Balance Sheet
30 September 2016 ......... continued

For the year ending 30 September 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 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 .

Approved by the director on 28 June 2017.

R S Whyte
Director

Company Registration Number: 02943853

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Fire Barrier Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows;

Asset class	Depreciation method and rate
Plant & machinery	20% reducing balance
Fixtures & fittings	20% straight line
Motor vehicles	25% reducing balance

Fixed asset investments

All fixed assets are initially recorded at cost.

Work in progress

Work in progress is valued on the basis of the direct costs plus attributable overheads based on the normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Page 3

Fire Barrier Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		69,910			69,910
Additions		9,216			9,216
Disposals		(14,896)			(14,896)
At 30 September 2016		64,230			64,230
Depreciation
At 1 October 2015		47,369			47,369
Charge for the year		6,496			6,496
Eliminated on disposals		(6,517)			(6,517)
At 30 September 2016		47,348			47,348
Net book value
At 30 September 2016		16,882			16,882
At 30 September 2015		22,541			22,541

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		7,983			10,137
Amounts falling due after more than one year		-			8,178
Total secured creditors		7,983			18,315

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5

Control

The immediate parent company is Fire Barrier Limited, a company incorporated in England and Wales .
 

Page 4