Protive Security & Surveillance Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06329148 (England and Wales)

Unaudited Financial Statements

For The Year Ended

30 September 2017

for

PROTIVE SECURITY & SURVEILLANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

8

DIRECTOR:

S T Ryan

SECRETARY:

J Hartley

REGISTERED OFFICE:

8 Eastway

Sale

Cheshire

M33 4DX

REGISTERED NUMBER:

06329148 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Tangible assets

4

39,542

47,164

CURRENT ASSETS

Stocks

55,447

32,765

Debtors

5

135,391

103,391

Cash at bank

1,494

736

192,332

136,892

CREDITORS

Amounts falling due within one year

6

211,367

164,876

NET CURRENT LIABILITIES

(19,035

)

(27,984

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,507

19,180

CREDITORS

Amounts falling due after more than one year

7

(14,683

)

(18,981

)

PROVISIONS FOR LIABILITIES

(5,698

)

-

NET ASSETS

126

199

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

26

99

SHAREHOLDERS' FUNDS

126

199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss account has not been delivered.

The financial statements were approved by the director on 26 June 2018 and were signed by:

S T Ryan - Director

1.	STATUTORY INFORMATION

Protive Security & Surveillance Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements have been prepared in accordance with the provisions of Section 1A ""Small Entities"" of

Financial Reporting Standard 102 ""The Financial Reporting Standard applicable in the UK and Republic of Ireland""

and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These are the first set of financial statements prepared under FRS 102. There have been no transitional or prior year

adjustments as a result of the transition.

Turnover

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the customer

have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have been invoiced

the sale is recognised within deferred income in current liabilities until such time a right to consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken with the

United Kingdom.

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 and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method. Carrying

amounts of fixed assets in the company's balance sheet are shown net of depreciation charges and, where

applicable, provisions for impairment. Residual values of fixed assets are calculated on prices prevailing at the

balance sheet date. If the assets where of the age and condition expected at the end of their useful economic lives.

Profits or losses on the disposal of fixed assets are included in the calculation of profit for the period

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all

costs of purchase, freight, irrecoverable taxes and costs of conversion and other directly attributable costs which are

incurred by the entity in bringing the stock to its present location and condition. The cost methodology employed by

the entity is the first-in first-out method.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual

provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short-term, highly liquid bank deposits with an original maturity of three

months or less.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated

irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset

is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Bank loans and overdrafts

Bank loans meet the criteria to be classed as basic financial instruments and are accounted for under Section 11 of

FRS 102. Bank loans are accounted for using the amortised cost method and interest is recognised in profit or loss

using the effective interest rate method.

Overdrafts are repayable on demand and are accounted for under Section 11 of FRS 102. Overdrafts are presented

within current liabilities in the balance sheet.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account using the effective interest method

under Section 11 of FRS 102 'Basic Financial Instruments'. The capital element of the liability is presented in the

balance sheet as a liability and split between the portion falling due within one year and the portion falling due after

more than one year.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Tools

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2016

-

200

71,469

5,403

77,072

Additions

4,915

-

-

1,872

6,787

At 30 September 2017

4,915

200

71,469

7,275

83,859

DEPRECIATION

At 1 October 2016

-

200

25,410

4,298

29,908

Charge for year

1,622

-

11,515

1,272

14,409

At 30 September 2017

1,622

200

36,925

5,570

44,317

NET BOOK VALUE

At 30 September 2017

3,293

-

34,544

1,705

39,542

At 30 September 2016

-

-

46,059

1,105

47,164

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2016

and 30 September 2017

29,900

DEPRECIATION

At 1 October 2016

2,553

Charge for year

6,837

At 30 September 2017

9,390

NET BOOK VALUE

At 30 September 2017

20,510

At 30 September 2016

27,347

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

94,602

88,997

Directors' current accounts

23,226

2,377

Tax

2,086

773

Prepayments

15,477

11,244

135,391

103,391

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts (see note 8)

12,952

18,575

Hire purchase contracts (see note 9)

4,367

4,056

Trade creditors

82,838

46,502

Tax

9,260

4,099

Social security and other taxes

4,453

3,514

VAT

16,940

13,466

Other creditors

68

180

Deferred income

78,849

73,034

Accrued expenses

1,640

1,450

211,367

164,876

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts (see note 9)

14,683

18,981

8.

LOANS

An analysis of the maturity of loans is given below:

30.9.17

30.9.16

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

12,952

18,575

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30.9.17

30.9.16

£

£

Net obligations repayable:

Within one year

4,367

4,056

Between one and five years

14,683

18,981

19,050

23,037

Non-cancellable operating

leases

30.9.17

30.9.16

£

£

Between one and five years

7,278

7,278

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director of £59,668 and received credits of £38,120, from the

director. No interest was charged on these advances and there were no terms attached to the advances. At 30

September 2017 the director owed the company £23,926 (2016: £2,377). This loan is repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Protive Security & Surveillance Ltd for the year ended 30 September 2017 which comprise the Profit & Loss

account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Protive Security & Surveillance Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Protive Security & Surveillance Ltd and state those matters that we have agreed to state to the director of Protive Security & Surveillance Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Protive Security & Surveillance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Protive Security & Surveillance Ltd. You consider that Protive Security & Surveillance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Protive Security & Surveillance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................