Abbreviated Company Accounts - R & A SECURE SERVICES LIMITED

Abbreviated Company Accounts - R & A SECURE SERVICES LIMITED


Registered Number 08204884

R & A SECURE SERVICES LIMITED

Abbreviated Accounts

30 September 2016

R & A SECURE SERVICES LIMITED Registered Number 08204884

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 37,269 53,025
Tangible assets 3 5,496 346
42,765 53,371
Current assets
Stocks 10,000 13,500
Debtors 41,533 48,314
Cash at bank and in hand 5,025 4,872
56,558 66,686
Creditors: amounts falling due within one year (115,850) (102,512)
Net current assets (liabilities) (59,292) (35,826)
Total assets less current liabilities (16,527) 17,545
Total net assets (liabilities) (16,527) 17,545
Capital and reserves
Called up share capital 4 300 300
Profit and loss account (16,827) 17,245
Shareholders' funds (16,527) 17,545
  • For the year ending 30 September 2016 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 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.

Approved by the Board on 23 June 2017

And signed on their behalf by:
ROBERT NIGEL LOVERING, Director

R & A SECURE SERVICES LIMITED Registered Number 08204884

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
1.2 Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
1.4 Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% straight line
Motor Vehicles - 25% straight line

Other accounting policies
1.3 Goodwill - Acquired goodwill is written off in equal instalments over it's estimated useful economic life of 5 years.
1.5 Leasing and hire purchase commitments - Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
1.6 Stock - Stock is valued at the lower of cost and net realisable value.
1.7 Pensions - The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees’ service lives on the basis of a constant percentage of earnings.
1.8 Going Concern - The company purchased the goodwill in June 2013 and has capitalised it and will amortise it equally over a five year period.

2Intangible fixed assets
£
Cost
At 1 October 2015 78,779
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 78,779
Amortisation
At 1 October 2015 25,754
Charge for the year 15,756
On disposals -
At 30 September 2016 41,510
Net book values
At 30 September 2016 37,269
At 30 September 2015 53,025
3Tangible fixed assets
£
Cost
At 1 October 2015 791
Additions 7,131
Disposals -
Revaluations -
Transfers -
At 30 September 2016 7,922
Depreciation
At 1 October 2015 445
Charge for the year 1,981
On disposals -
At 30 September 2016 2,426
Net book values
At 30 September 2016 5,496
At 30 September 2015 346
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
300Ordinary shares of £1 each 300 300