SDC Security Development Consultants Ltd - Period Ending 2015-11-30

Registration number: 07076807

SDC Security Development Consultants Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Clere's Limited
Chartered Certified Accountants
GN House
119 Holloway Head
Birmingham
West Midlands
B1 1QP

SDC Security Development Consultants Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

SDC Security Development Consultants Ltd
(Registration number: 07076807)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					4,770			3,896
Current assets
Stocks					9,500			15,500
Debtors					74,483			45,891
Cash at bank and in hand					-			7,320
					83,983			68,711
Creditors: Amounts falling due within one year					(78,229)			(67,293)
Net current assets					5,754			1,418
Total assets less current liabilities					10,524			5,314
Provisions for liabilities					(954)			(779)
Net assets					9,570			4,535
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					9,567			4,532
Shareholders' funds					9,570			4,535

For the year ending 30 November 2015 the company was entitled to exemption 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 director acknowledges his 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 .

Approved by the director on 28 September 2016

.........................................
Mr A A Lawford
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

SDC Security Development Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 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
Plant and machinery	15% reducing balance

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.

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.

Page 2

SDC Security Development Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		8,470			8,470
Additions		1,715			1,715
At 30 November 2015		10,185			10,185
Depreciation
At 1 December 2014		4,574			4,574
Charge for the year		841			841
At 30 November 2015		5,415			5,415
Net book value
At 30 November 2015		4,770			4,770
At 30 November 2014		3,896			3,896

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		3			3			3			3

Page 3