All Security Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00952490 (England and Wales)

ALL SECURITY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

7

DIRECTORS:

Mrs M J Phillips

D T Phillips

O H Subair

SECRETARY:

Mrs M J Phillips

REGISTERED OFFICE:

Sutton Business Centre

SBC House, Suite 10

Restmor Way

Wallington

Surrey

SM6 7AH

REGISTERED NUMBER:

00952490 (England and Wales)

ACCOUNTANTS:

Weatherer Bailey Bragg LLP

Chartered Certified Accountants

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

BANKERS:

Lloyds TSB Bank Plc

Carshalton

Sutton

Surrey

SM1 1HY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

830

1,230

830

1,230

CURRENT ASSETS

Stocks

125

115

Debtors

6

193,466

98,539

Cash at bank and in hand

936

970

194,527

99,624

CREDITORS

Amounts falling due within one year

7

166,006

100,844

NET CURRENT ASSETS/(LIABILITIES)

28,521

(1,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,351

10

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

28,351

(990

)

SHAREHOLDERS' FUNDS

29,351

10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 June 2017 and were signed on its behalf by:

Mrs M J Phillips - Director

1.	STATUTORY INFORMATION

All Security Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by

reference to the stage of completion at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment

losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Office equipment

- 20% on cost

Fixtures and fittings

- 20% on cost

Plant and equipment

- 20% on cost

Motor vehicles

- 25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet

and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

When employees have rendered service to the company, short-term employee benefits to which the

employees are entitled are recognised at the undiscounted amount expected to be paid in exchange

for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are

expensed as they become payable.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2016 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

136,107

AMORTISATION

At 1 May 2016

and 30 April 2017

136,107

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Plant and

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

35,067

1,922

3,678

40,667

DEPRECIATION

At 1 May 2016

34,128

1,922

3,387

39,437

Charge for year

400

-

-

400

At 30 April 2017

34,528

1,922

3,387

39,837

NET BOOK VALUE

At 30 April 2017

539

-

291

830

At 30 April 2016

939

-

291

1,230

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Trade debtors

114,324

64,213

Other debtors

-

1,152

Directors' loan accounts

69,808

32,058

S455 tax

9,038

-

Prepayments

296

1,116

193,466

98,539

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Bank loans and overdrafts

75,396

30,594

Corporation tax payable

4,662

-

Social security & other taxes

7,952

7,401

VAT

52,327

46,350

Other creditors

3,377

507

Accrued expenses

22,292

15,992

166,006

100,844

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/17

30/4/16

£

£

Bank overdrafts

75,396

30,594

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/17

30/4/16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

30/4/17

30/4/16

£

£

Mrs M J Phillips

Balance outstanding at start of year

32,058

(596

)

Amounts advanced

115,750

53,800

Amounts repaid

(78,000

)

(21,146

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

69,808

32,058

No interest is charged on directors loans. Amounts are repayable on demand.

11.	CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

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

the financial statements of All Security Limited for the year ended 30 April 2017 which comprise the Income

Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of All Security Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All Security Limited and state those matters that we have agreed to state to the Board of Directors of All Security Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that All Security 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 All Security Limited. You consider that All Security 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 All Security 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.

Weatherer Bailey Bragg LLP

Chartered Certified Accountants

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

14 July 2017