P_&_R_ALARMS_LIMITED - Accounts

P & R ALARMS LIMITED - Company Information

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Company Registration No. 04214173 (England and Wales)

P & R ALARMS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

P & R ALARMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P & R ALARMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

28,869

48,016

Current assets

Stocks

11,144

12,500

Debtors

115,480

148,133

Cash at bank and in hand

81,500

48,183

208,124

208,816

Creditors: amounts falling due within one year

(214,575)

(222,646)

Net current liabilities

(6,451)

(13,830)

Total assets less current liabilities

22,418

34,186

Creditors: amounts falling due after more than one year

(3,974)

(12,751)

Provisions for liabilities

(5,775)

(5,000)

12,669

16,435

Capital and reserves

Called up share capital

1,800

Profit and loss account

10,869

14,635

Shareholders' funds

12,669

16,435

P & R ALARMS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2014

- 2 -

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 December 2014

Mr J Harbon

Director

Company Registration No. 04214173

P & R ALARMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% p.a. straight line basis

Motor vehicles

25% p.a. straight line basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution pension scheme and the pension charge in the profit and loss account represents the amounts payable by the company to the fund in respect of the year.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

P & R ALARMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 June 2013

101,739

Additions

23,877

Disposals

(28,409)

At 31 May 2014

97,207

Depreciation

At 1 June 2013

53,724

On disposals

(3,750)

Charge for the year

18,364

At 31 May 2014

68,338

Net book value

At 31 May 2014

28,869

At 31 May 2013

48,016

Share capital

2014

2013

Allotted, called up and fully paid

1,800 Ordinary shares of £1 each

1,800