ACCOUNTS - Final Accounts preparation

Staff costs were as follows:

ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueThe principal activity of the company during the year was the provision of investigation and security equipmentfalse2016-01-01 04345435 2016-01-01 2016-12-31 04345435 2015-01-01 2015-12-31 04345435 2016-12-31 04345435 2015-12-31 04345435 c:CompanySecretary1 2016-01-01 2016-12-31 04345435 c:Director1 2016-01-01 2016-12-31 04345435 c:RegisteredOffice 2016-01-01 2016-12-31 04345435 c:Agent1 2016-01-01 2016-12-31 04345435 d:MotorVehicles 2016-01-01 2016-12-31 04345435 d:MotorVehicles 2016-12-31 04345435 d:MotorVehicles 2015-12-31 04345435 d:MotorVehicles d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 04345435 d:FurnitureFittings 2016-01-01 2016-12-31 04345435 d:FurnitureFittings 2016-12-31 04345435 d:FurnitureFittings 2015-12-31 04345435 d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 04345435 d:CurrentFinancialInstruments 2016-12-31 04345435 d:CurrentFinancialInstruments 2015-12-31 04345435 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 04345435 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 04345435 d:ShareCapital 2016-12-31 04345435 d:ShareCapital 2015-12-31 04345435 d:RetainedEarningsAccumulatedLosses 2016-12-31 04345435 d:RetainedEarningsAccumulatedLosses 2015-12-31 04345435 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-12-31 04345435 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2015-12-31 04345435 d:AcceleratedTaxDepreciationDeferredTax 2016-12-31 04345435 c:FRS102 2016-01-01 2016-12-31 04345435 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 04345435 c:FullAccounts 2016-01-01 2016-12-31 04345435 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 04345435 d:EntityControlledByKeyManagementPersonnel1 2016-01-01 2016-12-31 04345435 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2016-12-31 04345435 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2015-12-31 iso4217:GBP xbrli:pure

REGISTERED NUMBER:04345435

ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

PM+M Solutions for Business LLP

Chartered Accountants

Greenbank Technology Park

Challenge Way

Blackburn

Lancashire

BB1 5QB

PAGE 1


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

COMPANY INFORMATION

Director	W N C Blakey


Company secretary	G M Murphy


Registered number	04345435


Registered office	Burnley Road
	Brierfield
	BB9 5AD


Accountants	PM+M Solutions for Business LLP
	Chartered Accountants
	Greenbank Technology Park
	Challenge Way
	Blackburn
	Lancashire
	BB1 5QB


Bankers	Handelsbanken
	3 Kestrel Court
	Network 65 Business Park
	Burnley
	Lancashire
	BB11 5NA

PAGE 2


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

CONTENTS

	Page
Director's report	2
Balance sheet	3 - 4
Notes to the financial statements	5 - 12

Principal activity

The principal activity of the company during the year was the provision of investigation and security equipment.

PAGE 3


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED REGISTERED NUMBER:04345435

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Tangible assets	5		13,941		18,589
			13,941		18,589
Current assets
Stocks	6	10,527		13,642
Debtors: amounts falling due within one year	7	37,983		31,141
Cash at bank and in hand	8	3,209		4,691
		51,719		49,474
Creditors: amounts falling due within one year	9	(57,171)		(59,708)
Net current liabilities			(5,452)		(10,234)
Total assets less current liabilities			8,489		8,355
Provisions for liabilities
Deferred tax	11	(1,951)		(2,473)
			(1,951)		(2,473)
Net assets			6,538		5,882

Capital and reserves
Called up share capital	1	1
Profit and loss account	6,537	5,881
	6,538	5,882

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 March 2017.

PAGE 4


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED REGISTERED NUMBER:04345435

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

W N C Blakey

Director

The notes on pages 5 to 12 form part of these financial statements.

PAGE 5


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Access And Surveillance By Blakeys Limited is a private limited company registered in England and Wales. The principal activity of the company during the year was the provision of investigation and security equipment

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

·the Company has transferred the significant risks and rewards of ownership to the buyer;

·the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

·the amount of revenue can be measured reliably;

·it is probable that the Company will receive the consideration due under the transaction; and

·the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

PAGE 6


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

				Motor vehicles	-	25% reducing balance
				Fixtures and fittings	-	33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

PAGE 7


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.11

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

·The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

·Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PAGE 8


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Judgements have been applied in relation to depreciation.

Wages and salaries	73,288	60,394
	73,288	60,394

The average monthly number of employees, including directors, during the year was 4 (2015 - 4).

	5.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2016	23,987	13,015	37,002
At 31 December 2016	23,987	13,015	37,002
Depreciation
At 1 January 2016	5,398	13,015	18,413
Charge for the period on owned assets	4,648	-	4,648
At 31 December 2016	10,046	13,015	23,061
Net book value
At 31 December 2016	13,941	-	13,941
At 31 December 2015	18,589	-	18,589

PAGE 9


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

6.	Stocks
		2016	2015
		£	£

Stocks	10,527	13,642
	10,527	13,642

Debtors

					2016	2015
					£	£


Trade debtors	34,861	29,565
Other debtors	-	341
Prepayments and accrued income	3,122	1,235
	37,983	31,141

8.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	3,209	4,691
	3,209	4,691

9.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	18,081	14,001
Corporation tax	1,426	-
Other taxation and social security	6,651	5,522
Other creditors	21,418	31,017
Accruals and deferred income	9,595	9,168
	57,171	59,708

PAGE 10


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

10.	Financial instruments
		2016	2015
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	3,209	4,691
	3,209	4,691

Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.

PAGE 11


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

11.	Deferred taxation

		2016
		£

	At beginning of year	(2,473)
	Charged to profit or loss	522
	At end of year	(1,951)

	The provision for deferred taxation is made up as follows:
					2016
					£

	Accelerated capital allowances	(1,951)
		(1,951)

12.	Transactions with directors

There are no transactions with the director during the year.

13.	Related party transactions
	During the year the company provided goods and services amounting to £7,000 (2015 - £7,000) from J H Blakey & Sons (Security) Limited, a company of which W N C Blakey is a director and shareholder. As at 31 December 2016 a loan balance of £21,418 (2015 - £31,017) was due to J H Blakey & Sons (Security) Limited.

14.	Controlling party

The company is controlled by W N C Blakey, a director of the company.

PAGE 12


ACCESS AND SURVEILLANCE BY BLAKEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

15.

First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.