Park Security Fencing Limited - Accounts to registrar - small 16.3d

Park Security Fencing Limited - Accounts to registrar - small 16.3d


SC1506581.9.1531.8.1631.8.16Company accountsPrivate Limited CompanyFYtruefalsefalsetruetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1506582015-08-31SC1506582016-08-31SC1506582015-09-012016-08-31SC1506582014-08-31SC1506582014-09-012015-08-31SC1506582015-08-31SC150658ns12:Scotland2015-09-012016-08-31SC150658ns14:PoundSterling2015-09-012016-08-31SC150658ns7:Director12015-09-012016-08-31SC150658ns7:Director22015-09-012016-08-31SC150658ns7:OrdinaryShareClass12015-09-012016-08-31SC150658ns7:RegisteredOffice2015-09-012016-08-31SC150658ns7:EntityAccountantsOrAuditors2015-09-012016-08-31SC150658ns5:PlantMachinery2015-09-012016-08-31SC150658ns5:FixturesFittings2015-09-012016-08-31SC150658ns5:MotorVehicles2015-09-012016-08-31SC150658ns5:PlantMachinery2015-08-31SC150658ns5:FixturesFittings2015-08-31SC150658ns5:MotorVehicles2015-08-31SC150658ns5:PlantMachinery2016-08-31SC150658ns5:FixturesFittings2016-08-31SC150658ns5:MotorVehicles2016-08-31SC150658ns5:PlantMachinery2015-08-31SC150658ns5:FixturesFittings2015-08-31SC150658ns5:MotorVehicles2015-08-31SC150658ns7:OrdinaryShareClass12016-08-31SC150658ns7:OrdinaryShareClass12015-08-31
REGISTERED NUMBER: SC150658(Scotland)















Financial Statements for the Year Ended 31 August 2016

for

Park Security Fencing Limited

Park Security Fencing Limited (Registered number: SC150658)






Contents of the Financial Statements
for the Year Ended 31 August 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Park Security Fencing Limited

Company Information
for the Year Ended 31 August 2016







DIRECTORS: A Park
S Park





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ





REGISTERED NUMBER: SC150658(Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ

Park Security Fencing Limited (Registered number: SC150658)

Balance Sheet
31 August 2016

31.8.16 31.8.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 11,849 9,904

CURRENT ASSETS
Stocks 20,189 60,101
Debtors 3 39,255 120,912
Investments 4 50 50
Cash at bank 105,092 3,990
164,586 185,053
CREDITORS
Amounts falling due within one year 5 107,449 134,612
NET CURRENT ASSETS 57,137 50,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,986

60,345

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and loss account 9 58,986 50,345
SHAREHOLDERS' FUNDS 68,986 60,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 March 2017and were signed on its behalf by:




A Park- Director



S Park- Director


Park Security Fencing Limited (Registered number: SC150658)

Notes to the Financial Statements
for the Year Ended 31 August 2016

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 January 2015).

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 each asset over its estimated useful life.

Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2015 37,432 6,957 17,950 62,339
Additions 9,950 495 - 10,445
At 31 August 2016 47,382 7,452 17,950 72,784
DEPRECIATION
At 1 September 2015 29,184 5,301 17,950 52,435
Charge for year 7,987 513 - 8,500
At 31 August 2016 37,171 5,814 17,950 60,935
NET BOOK VALUE
At 31 August 2016 10,211 1,638 - 11,849
At 31 August 2015 8,248 1,656 - 9,904

Park Security Fencing Limited (Registered number: SC150658)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2016

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.16 31.8.15
£    £   
Trade debtors 34,224 94,732
Other debtors 5,031 26,180
39,255 120,912

4. CURRENT ASSET INVESTMENTS
31.8.16 31.8.15
£    £   
Unlisted investments 50 50

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.16 31.8.15
£    £   
Hire purchase contracts - 1,682
Trade creditors 72,867 97,334
Taxation and social security 13,924 12,538
Other creditors 20,658 23,058
107,449 134,612

6. LOANS

An analysis of the maturity of loans is given below:

31.8.16 31.8.15
£    £   

7. OPERATING LEASE COMMITMENTS

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.16 31.8.15
value: £    £   
10,000 Ordinary £1.00 10,000 10,000

9. RESERVES
Profit
and loss
account
£   

At 1 September 2015 50,345
Profit for the year 28,641
Dividends (20,000 )
At 31 August 2016 58,986