Crimewatch Security Limited - Period Ending 2016-09-30

Registration number: 02429748

Crimewatch Security Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 September 2016

Alextra Group Ltd
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Crimewatch Security Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 4

Crimewatch Security Limited

(Registration number: 02429748)
Abbreviated Balance Sheet as at 30 September 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets		3,612	4,638
Current assets
Stocks		3,031	4,840
Debtors		297,343	304,711
Cash at bank and in hand		268	73
		300,642	309,624
Creditors: Amounts falling due within one year		(236,589)	(247,285)
Net current assets		64,053	62,339
Total assets less current liabilities		67,665	66,977
Provisions for liabilities		(506)	(669)
Net assets		67,159	66,308
Capital and reserves
Called up share capital	4	6,500	6,500
Profit and loss account		60,659	59,808
Shareholders' funds		67,159	66,308

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 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 24 July 2017 and signed on its behalf by:

.........................................
KC Vickers
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Crimewatch Security Limited

Notes to the Abbreviated Accounts

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

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

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

Page 2

Crimewatch Security Limited

Notes to the Abbreviated Accounts

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 October 2015	120,000	20,186	140,186
At 30 September 2016	120,000	20,186	140,186
Depreciation
At 1 October 2015	120,000	15,548	135,548
Charge for the year	-	1,026	1,026
At 30 September 2016	120,000	16,574	136,574
Net book value
At 30 September 2016	-	3,612	3,612
At 30 September 2015	-	4,638	4,638

3

Creditors

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

	2016  £	2015  £
Amounts falling due within one year	8,720	44,088

Page 3

Crimewatch Security Limited

Notes to the Abbreviated Accounts

4	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	6,500	6,500	6,500	6,500

5	Related party transactions

During the year, advances were made to Mr K C Vickers in the sum of £54,335 and repayments were made in the sum of £6,170. At the year end, Mr K C Vickers owed the company the amount of £47,974 (2015: £191 - owed by the company). The loan was interest free and repayable on demand. During the year, advances were made to Mr A Vickers in the sum of £20,409 and repayments were made in the sum of £30,000. At the year end, Mr A Vickers owed the company the amount of £23,221 (2015: £32,812). The loan was interest free and repayable on demand.

6

Control

The company is under the control of Mr K C Vickers by virtue of his entire shareholding in KCV Limited - a
company which has a majority shareholding in Crimewatch Security Limited.

Page 4