Park Security Fencing Limited - Accounts to registrar (filleted) - small 17.3

Park Security Fencing Limited - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.106SC150658Board of DirectorsBoard of Directors1.9.1631.8.1731.8.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1506582016-08-31SC1506582017-08-31SC1506582016-09-012017-08-31SC1506582015-08-31SC1506582015-09-012016-08-31SC1506582016-08-31SC150658ns15:Scotland2016-09-012017-08-31SC150658ns14:PoundSterling2016-09-012017-08-31SC150658ns10:Director12016-09-012017-08-31SC150658ns10:Director22016-09-012017-08-31SC150658ns10:PrivateLimitedCompanyLtd2016-09-012017-08-31SC150658ns10:SmallEntities2016-09-012017-08-31SC150658ns10:AuditExempt-NoAccountantsReport2016-09-012017-08-31SC150658ns10:SmallCompaniesRegimeForDirectorsReport2016-09-012017-08-31SC150658ns10:SmallCompaniesRegimeForAccounts2016-09-012017-08-31SC150658ns10:FullAccounts2016-09-012017-08-31SC150658ns10:RegisteredOffice2016-09-012017-08-31SC150658ns5:CurrentFinancialInstruments2017-08-31SC150658ns5:CurrentFinancialInstruments2016-08-31SC150658ns5:ShareCapital2017-08-31SC150658ns5:ShareCapital2016-08-31SC150658ns5:RetainedEarningsAccumulatedLosses2017-08-31SC150658ns5:RetainedEarningsAccumulatedLosses2016-08-31SC150658ns5:PlantMachinery2016-09-012017-08-31SC150658ns5:FurnitureFittings2016-09-012017-08-31SC150658ns5:MotorVehicles2016-09-012017-08-31SC150658ns5:PlantMachinery2016-08-31SC150658ns5:FurnitureFittings2016-08-31SC150658ns5:MotorVehicles2016-08-31SC150658ns5:PlantMachinery2017-08-31SC150658ns5:FurnitureFittings2017-08-31SC150658ns5:MotorVehicles2017-08-31SC150658ns5:PlantMachinery2016-08-31SC150658ns5:FurnitureFittings2016-08-31SC150658ns5:MotorVehicles2016-08-31SC150658ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-31SC150658ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-08-31


REGISTERED NUMBER: SC150658(Scotland)















Financial Statements for the Year Ended 31 August 2017

for

Park Security Fencing Limited

Park Security Fencing Limited (Registered number: SC150658)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Security Fencing Limited

Company Information
for the Year Ended 31 August 2017







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 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,100 11,849

CURRENT ASSETS
Stocks 3,200 20,189
Debtors 5 35,826 39,255
Investments 6 50 50
Cash at bank 38,967 105,092
78,043 164,586
CREDITORS
Amounts falling due within one year 7 57,919 107,449
NET CURRENT ASSETS 20,124 57,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,224

68,986

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 16,224 58,986
SHAREHOLDERS' FUNDS 26,224 68,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Park Security Fencing Limited (Registered number: SC150658)

Balance Sheet - continued
31 August 2017


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 2 March 2018and 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 2017

1. STATUTORY INFORMATION

Park Security Fencing Limited is a private company, limited by shares, registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3.

Park Security Fencing Limited (Registered number: SC150658)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2016 47,382 7,452 17,950 72,784
Disposals (11,000 ) - - (11,000 )
At 31 August 2017 36,382 7,452 17,950 61,784
DEPRECIATION
At 1 September 2016 37,171 5,814 17,950 60,935
Charge for year 5,236 513 - 5,749
Eliminated on disposal (11,000 ) - - (11,000 )
At 31 August 2017 31,407 6,327 17,950 55,684
NET BOOK VALUE
At 31 August 2017 4,975 1,125 - 6,100
At 31 August 2016 10,211 1,638 - 11,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade debtors 24,876 34,224
Other debtors 10,950 5,031
35,826 39,255

6. CURRENT ASSET INVESTMENTS
31.8.17 31.8.16
£    £   
Unlisted investments 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade creditors 39,906 72,867
Taxation and social security 627 13,924
Other creditors 17,386 20,658
57,919 107,449