A2M Safety Limited - Period Ending 2015-06-30

Registration number: 05155806

A2M Safety Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

A2M Safety Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

A2M Safety Limited
(Registration number: 05155806)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					131,509			90,161
Current assets
Stocks					800			800
Debtors					305,773			259,716
Cash at bank and in hand					45,768			79,406
					352,341			339,922
Creditors: Amounts falling due within one year					(237,002)			(230,547)
Net current assets					115,339			109,375
Total assets less current liabilities					246,848			199,536
Creditors: Amounts falling due after more than one year					(24,923)			(6,632)
Provisions for liabilities					(20,588)			(12,019)
Net assets					201,337			180,885
Capital and reserves
Called up share capital		3			120			120
Profit and loss account					201,217			180,765
Shareholders' funds					201,337			180,885

For the year ending 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 14 March 2016 and signed on its behalf by:

Mr G Barnes
 Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

A2M Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold improvements	not depreciated
Plant and machinery	15% reducing balance basis
Fixtures and fittings	15% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	25% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

A2M Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		144,627			144,627
Additions		74,770			74,770
Disposals		(28,486)			(28,486)
At 30 June 2015		190,911			190,911
Depreciation
At 1 July 2014		54,466			54,466
Charge for the year		20,195			20,195
Eliminated on disposals		(15,259)			(15,259)
At 30 June 2015		59,402			59,402
Net book value
At 30 June 2015		131,509			131,509
At 30 June 2014		90,161			90,161

Page 3

A2M Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £1 each		60			60			60			60
Ordinary B shares of £1 each		50			50			50			50
Ordinary C shares of £1 each		10			10			10			10
		120			120			120			120

Page 4