Advanced Fire Protection Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03932260 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

ADVANCED FIRE PROTECTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D A Jones

Mrs H M Jones

SECRETARY:

Mrs H M Jones

REGISTERED OFFICE:

Unit E

Upper Boat Business Centre

Treforest

Pontypridd

Mid Glamorgan

CF37 5BP

REGISTERED NUMBER:

03932260 (England and Wales)

ACCOUNTANTS:

Lewis Ballard Limited

Celtic House

Caxton Place

Pentwyn

Cardiff

South Glamorgan

CF23 8HA

FIXED ASSETS

Tangible assets

2

54,416

50,066

CURRENT ASSETS

Stocks

45,000

39,899

Debtors

408,669

269,156

Cash at bank and in hand

736

858

454,405

309,913

CREDITORS

Amounts falling due within one year

3

(433,574

)

(341,073

)

NET CURRENT ASSETS/(LIABILITIES)

20,831

(31,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

75,247

18,906

CREDITORS

Amounts falling due after more than one year

3

(19,836

)

(18,987

)

PROVISIONS FOR LIABILITIES

(6,922

)

-

NET ASSETS/(LIABILITIES)

48,489

(81

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

48,487

(83

)

SHAREHOLDERS' FUNDS

48,489

(81

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 28 October 2014 and were signed on its behalf by:

Mr D A Jones - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & fittings - 25% on reducing balance basis

Plant & machinery - 25% on reducing balance basis

Motor vehicles - 25% on reducing balance basis

Computer equipment - 25% on reducing balance basis

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate

proportion of fixed and variable overheads.

Deferred tax

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 account. Deferred tax is provided in

full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date,

at the tax rates that are expected to apply then the timing differences reverse, based on current tax rates and

laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

Leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain

with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases and hire purchase agreements are capitalised and disclosed under tangible

fixed assets at their fair value. The capital element of the future payments is treated as a liability, and the

interest element 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.

Going concern

At the balance sheet date, the company's current liabilities exceeded its current assets. The company has

received assurance from the director that they will continue to give financial support to the company for twelve

months from the date of signing these financial statements if necessary. On this basis, the directors consider it

appropriate to prepare the accounts on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

104,216

Additions

36,961

Disposals

(16,200

)

At 28 February 2014

124,977

DEPRECIATION

At 1 March 2013

54,150

Charge for year

18,140

Eliminated on disposal

(1,729

)

At 28 February 2014

70,561

NET BOOK VALUE

At 28 February 2014

54,416

At 28 February 2013

50,066

3.

CREDITORS

Creditors include an amount of £ 34,548 (2013 - £ 31,391 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2014 and

28 February 2013:

2014

2013

£

£

Mr D A Jones

Balance outstanding at start of year

50,684

21,925

Amounts advanced

45,393

28,759

Amounts repaid

(9,288

)

-

Balance outstanding at end of year

86,789

50,684

Mrs H M Jones

Balance outstanding at start of year

50,684

21,925

Amounts advanced

45,393

28,759

Amounts repaid

(9,288

)

-

Balance outstanding at end of year

86,789

50,684

6.	RELATED PARTY DISCLOSURES

The directors repaid £25,000 of the loan from the company within 9 months of the year end.

7.

CONTROL

The company was controlled by the directors, D A Jones & H M Jones by virtue of their shareholdings.