Titan Fire Alarm Services Limited - Limited company - abbreviated - 11.6
Titan Fire Alarm Services Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| TITAN FIRE ALARM SERVICES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| TITAN FIRE ALARM SERVICES LIMITED (REGISTERED NUMBER: 01837411) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| TITAN FIRE ALARM SERVICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| TITAN FIRE ALARM SERVICES LIMITED (REGISTERED NUMBER: 01837411) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| as restated |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| TITAN FIRE ALARM SERVICES LIMITED (REGISTERED NUMBER: 01837411) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2014 |
| The financial statements were approved by the director on |
| TITAN FIRE ALARM SERVICES LIMITED (REGISTERED NUMBER: 01837411) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 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). |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
| Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within |
| the group. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax and adjusted for |
| accrued revenue calculated by reference to the fair value of services performed up to the balance sheet |
| date but not invoiced. |
| Intangible assets |
| Intangible assets represent development/licensing & marketing costs relating to new product lines. |
| Amortisation is provided on intangible assets in order to write off its cost over its estimated useful life. The |
| rate is 20% per annum on a straight line basis. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer and office equipment | - |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 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 the profit and loss account in the period to which they relate. |
| Leased assets |
| Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and |
| depreciated over their expected useful lives. The interest element of leasing payments is charged to the |
| profit and loss account over the period of the lease. |
| All other leases are regarded as operating leases and the payments made under them are charged to the |
| profit and loss account on a straight line basis over the lease term. |
| Going concern |
| The use of the going concern basis of accounting is appropriate because there are no material |
| uncertainties related to events or conditions that may cast significant doubt about the ability of the |
| company to continue as a going concern. |
| Short term time share - depreciation |
| Depreciation on the short term time share is provided at an annual rate in order to write off the asset over |
| its estimated useful life. The rate applicable is straight line over the life of the lease. |
| TITAN FIRE ALARM SERVICES LIMITED (REGISTERED NUMBER: 01837411) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | as restated |
| £ | £ |
| Ordinary shares | 1p |
| 5. | ULTIMATE PARENT COMPANY |
| The ultimate parent company since the 20 August 2012 is Atlas Safety Group Limited. |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 31 March 2014 and the |
| period ended 31 March 2013: |
| 2014 | 2013 |
| as restated |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |