SAFETYNET_SOLUTIONS_LIMIT - Accounts

SAFETYNET SOLUTIONS LIMITED - Company Information

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Company Registration No. 03903968 (England and Wales)

SAFETYNET SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

SAFETYNET SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SAFETYNET SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

176,389

156,512

Current assets

Stocks

198,413

206,399

Debtors

449,746

424,205

Cash at bank and in hand

49,489

49,422

697,648

680,026

Creditors: amounts falling due within one year

(696,091)

(752,801)

Net current assets/(liabilities)

1,557

(72,775)

Total assets less current liabilities

177,946

83,737

Creditors: amounts falling due after more than one year

(127,320)

(36,312)

Provisions for liabilities

(27,721)

(26,835)

22,905

20,590

Capital and reserves

Called up share capital

100

Profit and loss account

22,805

20,490

Shareholders' funds

22,905

20,590

SAFETYNET SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 for issue on 29 September 2016

R G Alderson-Scott

Mrs L Alderson-Scott

Director

Company Registration No. 03903968

SAFETYNET SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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:

Long leasehold land and buildings

Over the life of the lease

Plant and machinery

10% reducing balance

Computer equipment

25% straight line

Office furniture and fittings

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2015

351,719

Additions

55,195

Disposals

(35,353)

At 31 December 2015

371,561

Depreciation

At 1 January 2015

195,207

On disposals

(32,440)

Charge for the year

32,405

At 31 December 2015

195,172

Net book value

At 31 December 2015

176,389

At 31 December 2014

156,512

SAFETYNET SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £280,677 (2014 - £293,982).

Other creditors includes an amount which is secured by a charge over the company's trade debtors.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £30,138).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100