S A Fire and Security Systems Limited - Accounts to registrar (filleted) - small 17.3
S A Fire and Security Systems Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 30 March 2017 |
| for |
| S A Fire and Security Systems Limited |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Contents of the Financial Statements |
| For The Year Ended 30 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| S A Fire and Security Systems Limited |
| Company Information |
| For The Year Ended 30 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Mill House |
| 58 Guildford Street |
| Chertsey |
| Surrey |
| KT16 9BE |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Balance Sheet |
| 30 March 2017 |
| 30.3.17 | 30.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Capital redemption reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Balance Sheet - continued |
| 30 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Notes to the Financial Statements |
| For The Year Ended 30 March 2017 |
| 1. | STATUTORY INFORMATION |
| S A Fire and Security Systems Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Reconciliation with previous Generally Accepted Accounting Practice |
| In preparing the accounts, the directors have considered whether in applying the accounting policies required by |
| FRS 102 the restatement of comparative items was required, and have determined that no restatements were |
| required. In accordance with the requirements of FRS 102 a reconciliation of opening balances is therefore not |
| needed. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and is recognised as services |
| are provided. Revenue arising from maintenance contracts is apportioned equally, on a monthly basis, over the |
| period to which it relates.Turnover includes the relevant amount in respect of long term contracts which is |
| appropriate to the stage of completion of each contract at the balance sheet date. |
| Tangible fixed assets |
| Office equipment | - |
| Motor vehicles | - |
| Financial instruments |
| The Company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
| at their settlement value. |
| Taxation |
| Taxation represents the sum of tax currently payable, and deferred tax if material. |
| The company's liability for current tax is calculated using tax rates that have been enacted or substantively |
| enacted by the end of the reporting period. |
| Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and |
| liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. |
| The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the |
| extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset |
| to be recovered. |
| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which |
| the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or |
| substantively enacted by the end of the reporting period. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Stock and long term contract balances |
| Stock excluding long term contract balances are included in the accounts at the lower of cost and net realisable |
| value. |
| Long term contract balances classified under the balance sheet heading of stocks are stated at total costs |
| incurred, net of amounts transferred to the profit and loss account in respect of work carried out to date, less |
| foreseeable losses and applicable payments on account. Cumulative turnover representing the amount earned in |
| respect of each long term contract up to the balance sheet date is compared with total payments on account for |
| each contract. Where turnover exceeds payments on account the amount is disclosed as "amounts recoverable on |
| contracts" within debtors. Where payments on account exceed the turnover, the amount is disclosed as |
| "payments on account" within creditors. |
| Where long term contracts are included within turnover, associated costs in respect of work carried out to date |
| are included in either trade creditors, or accrued expenses where such costs have not been invoiced prior to the |
| end of the period. |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. |
| Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less |
| from the date of acquisition or opening of the deposit or similar account. |
| Creditors |
| Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting |
| from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the |
| obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their |
| settlement amount after allowing for any trade discounts due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Office | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 31 March 2016 |
| Additions |
| At 30 March 2017 |
| DEPRECIATION |
| At 31 March 2016 |
| Charge for year |
| At 30 March 2017 |
| NET BOOK VALUE |
| At 30 March 2017 |
| At 30 March 2016 |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 March 2017 |
| 5. | DEBTORS |
| 30.3.17 | 30.3.16 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 48,185 | 46,804 |
| Amounts recoverable on |
| contracts |
| Amounts falling due after more than one year: |
| Tax |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.17 | 30.3.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 52,982 | 40,587 |
| Directors' current accounts | - | 22 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.17 | 30.3.16 |
| £ | £ |
| Bank Loans | 61,111 | 94,444 |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.3.17 | 30.3.16 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 25,017 | 23,083 |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 March 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.3.17 | 30.3.16 |
| value: | £ | £ |
| Ordinary | £1 | 80 | 80 |
| Ordinary 'A' | £1 | 2 | 2 |
| Ordinary 'B' | £1 | 2 | 2 |
| 84 | 84 |
| 10. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 31 March 2016 | 221,472 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 March 2017 | 283,996 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 March 2017 and |
| 30 March 2016: |
| 30.3.17 | 30.3.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 12. | FIRST YEAR ADOPTION |
| This is the first year that the Company has presented its results under FRS 102. The last financial statements |
| under previous UK GAAP were for the year ended 30th March 2016 and the date of transition to FRS 102 was |
| 31st March 2015. There were no changes in accounting policies as a result of FRS 102 adoption and therefore |
| no need for any reconciliation statement. |
| S A Fire and Security Systems Limited (Registered number: 02916866) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 March 2017 |
| 12. | FIRST YEAR ADOPTION - continued |
| Transitional relief |
| On transition to FRS 102, the Company has not needed to take advantage of any transitional reliefs. |