1ST_LINE_DEFENCE_LIMITED - Accounts


Company Registration No. 07717863 (England and Wales)
1ST LINE DEFENCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1ST LINE DEFENCE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
1ST LINE DEFENCE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
108,727
26,192
Current assets
Debtors
384,554
295,706
Cash at bank and in hand
71,656
17,818
456,210
313,524
Creditors: amounts falling due within one year
(351,235)
(324,761)
Net current assets/(liabilities)
104,975
(11,237)
Total assets less current liabilities
213,702
14,955
Creditors: amounts falling due after more than one year
(35,938)
-
Provisions for liabilities
(21,745)
-
156,019
14,955
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
156,018
14,954
Shareholders'  funds
156,019
14,955
1ST LINE DEFENCE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2014
31 December 2014
- 2 -
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 23 April 2015
B Kinsman
Director
Company Registration No. 07717863
1ST LINE DEFENCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10% reducing balance
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
29,035
Additions
96,373
At 31 December 2014
125,408
Depreciation
At 1 January 2014
2,843
Charge for the year
13,838
At 31 December 2014
16,681
Net book value
At 31 December 2014
108,727
At 31 December 2013
26,192
1ST LINE DEFENCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1Ordinary of £1 each
1
1
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