Park Security Fencing Limited - Accounts to registrar (filleted) - small 18.2

Park Security Fencing Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv18.3.1.65SC150658Board of DirectorsBoard of Directors1.9.1731.8.1831.8.18falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1506582017-08-31SC1506582018-08-31SC1506582017-09-012018-08-31SC1506582016-08-31SC1506582016-09-012017-08-31SC1506582017-08-31SC150658ns15:Scotland2017-09-012018-08-31SC150658ns14:PoundSterling2017-09-012018-08-31SC150658ns10:Director12017-09-012018-08-31SC150658ns10:Director22017-09-012018-08-31SC150658ns10:PrivateLimitedCompanyLtd2017-09-012018-08-31SC150658ns10:SmallEntities2017-09-012018-08-31SC150658ns10:AuditExempt-NoAccountantsReport2017-09-012018-08-31SC150658ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-31SC150658ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-31SC150658ns10:FullAccounts2017-09-012018-08-31SC150658ns10:RegisteredOffice2017-09-012018-08-31SC150658ns5:CurrentFinancialInstruments2018-08-31SC150658ns5:CurrentFinancialInstruments2017-08-31SC150658ns5:ShareCapital2018-08-31SC150658ns5:ShareCapital2017-08-31SC150658ns5:RetainedEarningsAccumulatedLosses2018-08-31SC150658ns5:RetainedEarningsAccumulatedLosses2017-08-31SC150658ns5:PlantMachinery2017-09-012018-08-31SC150658ns5:FurnitureFittings2017-09-012018-08-31SC150658ns5:MotorVehicles2017-09-012018-08-31SC150658ns5:LandBuildings2017-08-31SC150658ns5:PlantMachinery2017-08-31SC150658ns5:FurnitureFittings2017-08-31SC150658ns5:MotorVehicles2017-08-31SC150658ns5:LandBuildings2017-09-012018-08-31SC150658ns5:LandBuildings2018-08-31SC150658ns5:PlantMachinery2018-08-31SC150658ns5:FurnitureFittings2018-08-31SC150658ns5:MotorVehicles2018-08-31SC150658ns5:LandBuildings2017-08-31SC150658ns5:PlantMachinery2017-08-31SC150658ns5:FurnitureFittings2017-08-31SC150658ns5:MotorVehicles2017-08-31SC150658ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-31SC150658ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-31


REGISTERED NUMBER: SC150658(Scotland)















Financial Statements for the Year Ended 31 August 2018

for

Park Security Fencing Limited

Park Security Fencing Limited (Registered number: SC150658)






Contents of the Financial Statements
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Security Fencing Limited

Company Information
for the Year Ended 31 August 2018







DIRECTORS: A Park
S Park





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC150658(Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Park Security Fencing Limited (Registered number: SC150658)

Balance Sheet
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,220 6,100

CURRENT ASSETS
Stocks 17,927 3,200
Debtors 5 150,090 35,826
Investments 6 50 50
Cash at bank 10,657 38,967
178,724 78,043
CREDITORS
Amounts falling due within one year 7 175,933 57,919
NET CURRENT ASSETS 2,791 20,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,011

26,224

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 11 16,224
SHAREHOLDERS' FUNDS 10,011 26,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

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.

Park Security Fencing Limited (Registered number: SC150658)

Balance Sheet - continued
31 August 2018


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 February 2019and were signed on its behalf by:




A Park- Director



S Park- Director


Park Security Fencing Limited (Registered number: SC150658)

Notes to the Financial Statements
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Park Security Fencing Limited is a private company, limited by shares, registered in Scotland. 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
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

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 4(2017 - 3) .

Park Security Fencing Limited (Registered number: SC150658)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2017 - 36,382 7,452 17,950 61,784
Additions 5,150 - - - 5,150
At 31 August 2018 5,150 36,382 7,452 17,950 66,934
DEPRECIATION
At 1 September 2017 - 31,407 6,327 17,950 55,684
Charge for year 1,030 2,487 513 - 4,030
At 31 August 2018 1,030 33,894 6,840 17,950 59,714
NET BOOK VALUE
At 31 August 2018 4,120 2,488 612 - 7,220
At 31 August 2017 - 4,975 1,125 - 6,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade debtors 146,836 24,876
Other debtors 3,254 10,950
150,090 35,826

6. CURRENT ASSET INVESTMENTS
31.8.18 31.8.17
£    £   
Unlisted investments 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade creditors 152,344 39,906
Taxation and social security 8,636 627
Other creditors 14,953 17,386
175,933 57,919