Nivek Security Limited - Limited company - abbreviated - 11.6

NIVEK SECURITY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K L Bridges

SECRETARY:

Mrs C D Bridges

REGISTERED OFFICE:

48 Teesdale Road

Long Eaton

Nottingham

Nottinghamshire

NG1 3PG

REGISTERED NUMBER:

04794124 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

2

7,881

2,657

CURRENT ASSETS

Stocks

450

250

Debtors

5,610

5,061

Cash at bank

5,897

10,597

11,957

15,908

CREDITORS

Amounts falling due within one year

14,449

15,782

NET CURRENT (LIABILITIES)/ASSETS

(2,492

)

126

TOTAL ASSETS LESS CURRENT LIABILITIES

5,389

2,783

CREDITORS

Amounts falling due after more than one year

(2,815

)

-

PROVISIONS FOR LIABILITIES

(1,600

)

(550

)

NET ASSETS

974

2,233

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

874

2,133

SHAREHOLDERS' FUNDS

974

2,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 17 June 2015 and were signed by:

K L Bridges - 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings and equipme nt

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

10,270

Additions

7,710

Disposals

(9,214

)

At 31 March 2015

8,766

DEPRECIATION

At 1 April 2014

7,613

Charge for year

482

Eliminated on disposal

(7,210

)

At 31 March 2015

885

NET BOOK VALUE

At 31 March 2015

7,881

At 31 March 2014

2,657

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100