1st Call Locksmiths Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07021894 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

1ST CALL LOCKSMITHS LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Chartered accountants' report

6

DIRECTOR:

R C Jackson

REGISTERED OFFICE:

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

REGISTERED NUMBER:

07021894 (England and Wales)

ACCOUNTANTS:

Z group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

FIXED ASSETS

Tangible assets

2

978

2,239

CURRENT ASSETS

Stocks

6,225

5,951

Debtors

22,449

21,824

Cash at bank

578

144

29,252

27,919

CREDITORS

Amounts falling due within one year

34,947

30,310

NET CURRENT LIABILITIES

(5,695

)

(2,391

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,717

)

(152

)

CREDITORS

Amounts falling due after more than one year

245

5,000

NET LIABILITIES

(4,962

)

(5,152

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(5,062

)

(5,252

)

SHAREHOLDERS' FUNDS

(4,962

)

(5,152

)

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 31 March 2016 and were signed by:

R C Jackson - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis. The director has confirmed that he will

support the company for the foreseeable future. The going concern basis is therefore appropriate.

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 invoiced sales of goods and services, 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

9,584

DEPRECIATION

At 1 April 2014

7,345

Charge for year

1,261

At 31 March 2015

8,606

NET BOOK VALUE

At 31 March 2015

978

At 31 March 2014

2,239

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, Mr R C Jackson, the sole director of the company, had a debit current account

balance of £9409 (2014 - £4956 debit)

During the year, the company paid the director Mr R C Jackson dividends totalling £27150 (2014 - £40350).

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 1st Call Locksmiths Limited for the year ended 31 March 2015 which comprise the Profit and

loss account, the Balance sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of 1st Call Locksmiths Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 1st Call Locksmiths Limited and state those matters that we have agreed to state to the director of 1st Call Locksmiths Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 1st Call Locksmiths Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 1st Call Locksmiths Limited. You consider that 1st Call Locksmiths Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 1st Call Locksmiths

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Z group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

31 March 2016