ORP Surveillance Ltd Filleted accounts for Companies House (small and micro)
ORP Surveillance Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04533399
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
£ |
Fixed Assets
Intangible assets |
5 |
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Tangible assets |
6 |
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--------- |
------- |
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Current Assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net Current Liabilities |
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------- |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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– |
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---- |
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Net Assets |
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------- |
---- |
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Capital and Reserves
Called up share capital |
10 |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
29 June 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
04533399
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Notes to the Financial Statements |
Year ended 30th September 2017
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House (North), Shrewsbury Business Park, Shrewsbury, SY2 6LG.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12.
Judgements and Key Sources of Estimation Uncertainty
Revenue Recognition
Income Tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles |
- |
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Equipment |
- |
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Impairment of Fixed Assets
Stocks
Finance Leases and Hire Purchase Contracts
Financial Instruments
Defined Contribution Plans
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
7
(2016:
5
).
5.
Intangible Assets
Goodwill |
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£ |
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Cost |
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At 1st October 2016 and 30th September 2017 |
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Amortisation |
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At 1st October 2016 and 30th September 2017 |
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Carrying amount |
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At 30th September 2017 |
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At 30th September 2016 |
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6.
Tangible Assets
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st October 2016 |
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Additions |
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At 30th September 2017 |
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Depreciation |
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At 1st October 2016 |
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Charge for the year |
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At 30th September 2017 |
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Carrying amount |
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At 30th September 2017 |
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At 30th September 2016 |
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7.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
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8.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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The bank overdraft is secured against all assets of the company. Included within other creditors is £5,256 (2016 - £1,740) in respect of hire purchase liabilities which are secured against the fixed assets to which they have financed.
9.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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– |
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Included within other creditors is £8,640 (2016 - £Nil) in respect of hire purchase liabilities which are secured against the fixed assets to which they have financed.
10.
Called Up Share Capital
Issued, called up and fully paid
2017 |
2016 |
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No. |
£ |
No. |
£ |
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65 |
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65 |
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35 |
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35 |
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11.
Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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– |
(
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--------- |
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(
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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– |
(
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(
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------- |
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(
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(
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------- |
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Interest is charged on overdrawn loans in the year at a rate of 3% to 31st March 2017 and 2.5% thereafter. The loans are repayable on demand.
12.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st October 2015.
No transitional adjustments were required in equity or profit or loss for the year.