Park Security Fencing Limited - Limited company - abbreviated - 11.6

Park Security Fencing Limited - Limited company - abbreviated - 11.6


SC1506581.9.1331.8.1431.8.14Company accountsPrivate Limited CompanyFYtruefalsetruefalsetruefalsefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1506582013-08-31SC1506582014-08-31SC1506582013-09-012014-08-31SC1506582012-08-31SC1506582012-09-012013-08-31SC1506582013-08-31SC150658ns12:Scotland2013-09-012014-08-31SC150658ns14:PoundSterling2013-09-012014-08-31SC150658ns7:Director12013-09-012014-08-31SC150658ns7:Director22013-09-012014-08-31SC150658ns7:OrdinaryShareClass12013-09-012014-08-31SC150658ns7:CompanySecretary2013-09-012014-08-31SC150658ns7:RegisteredOffice2013-09-012014-08-31SC150658ns7:EntityAccountantsOrAuditors2013-09-012014-08-31SC150658ns5:PlantMachinery2013-09-012014-08-31SC150658ns5:FixturesFittings2013-09-012014-08-31SC150658ns5:MotorVehicles2013-09-012014-08-31SC150658ns7:OrdinaryShareClass12014-08-31SC150658ns7:OrdinaryShareClass12013-08-31
REGISTERED NUMBER: SC150658(Scotland)















Abbreviated Accounts for the Year Ended 31 August 2014

for

Park Security Fencing Limited

Park Security Fencing Limited (Registered number: SC150658)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Park Security Fencing Limited

Company Information
for the Year Ended 31 August 2014







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

Park Security Fencing Limited (Registered number: SC150658)

Abbreviated Balance Sheet
31 August 2014

31.8.14 31.8.13
Notes £    £    £    £   
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 2015and were signed on its behalf by:



A Park- Director



S Park- Director


Park Security Fencing Limited (Registered number: SC150658)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 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).

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

Park Security Fencing Limited (Registered number: SC150658)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2014

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