Park Security Fencing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC150658 (Scotland)

Abbreviated Accounts for the Year Ended 31 August 2014

for

Park Security Fencing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Park

S Park

SECRETARY:

I McDougall

REGISTERED OFFICE:

21 Carden Place

Aberdeen

Aberdeenshire

AB10 1UQ

REGISTERED NUMBER:

SC150658 (Scotland)

ACCOUNTANTS:

J M TAYLOR

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

2

15,771

12,789

CURRENT ASSETS

Stocks

37,122

33,382

Debtors

141,588

90,980

Investments

50

50

Cash at bank

-

61,207

178,760

185,619

CREDITORS

Amounts falling due within one year

152,436

163,711

NET CURRENT ASSETS

26,324

21,908

TOTAL ASSETS LESS CURRENT LIABILITIES

42,095

34,697

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

32,095

24,697

SHAREHOLDERS' FUNDS

42,095

34,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 April 2015 and were signed on its behalf by:

A Park - Director

S Park - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

51,231

Additions

10,995

At 31 August 2014

62,226

DEPRECIATION

At 1 September 2013

38,442

Charge for year

8,013

At 31 August 2014

46,455

NET BOOK VALUE

At 31 August 2014

15,771

At 31 August 2013

12,789

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

10,000

Ordinary

£1.00

10,000

10,000