REGISTERED NUMBER: 07021894 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

1ST CALL LOCKSMITHS LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Chartered accountants' report

6

DIRECTOR:

R C Jackson

REGISTERED OFFICE:

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

REGISTERED NUMBER:

07021894 (England and Wales)

ACCOUNTANTS:

Z Group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

FIXED ASSETS

Tangible assets

2

2,239

3,173

CURRENT ASSETS

Stocks

5,951

4,510

Debtors

21,824

18,654

Cash at bank

144

104

27,919

23,268

CREDITORS

Amounts falling due within one year

30,310

26,247

NET CURRENT LIABILITIES

(2,391

)

(2,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152

)

194

CREDITORS

Amounts falling due after more than one year

5,000

-

NET (LIABILITIES)/ASSETS

(5,152

)

194

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(5,252

)

94

SHAREHOLDERS' FUNDS

(5,152

)

194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 January 2015 and were signed by:

R C Jackson - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis. The director has confirmed that he will

support the company for the foreseeable future. The going concern basis is therefore appropriate.

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 April 2008).

TURNOVER

Turnover represents invoiced sales of goods and services, 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 etc

-

50% on cost and 25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

7,713

Additions

1,871

At 31 March 2014

9,584

DEPRECIATION

At 1 April 2013

4,540

Charge for year

2,805

At 31 March 2014

7,345

NET BOOK VALUE

At 31 March 2014

2,239

At 31 March 2013

3,173

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, Mr R C Jackson, the sole director of the company, had a debit current account

balance of £4956.

During the year, the company paid the director Mr R C Jackson dividends totalling £40350.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of 1st Call Locksmiths Limited for the year ended 31 March 2014 which comprise the Profit and

loss account, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are

subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of 1st Call Locksmiths Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of 1st Call Locksmiths

Limited and state those matters that we have agreed to state to the director of 1st Call Locksmiths Limited in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its director for our work or for this

report.

It is your duty to ensure that 1st Call Locksmiths 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 1st

Call Locksmiths Limited. You consider that 1st Call Locksmiths 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 1st Call Locksmiths

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.

Z Group

Park House

158-160 Arthur Road

Wimbledon Park

London

SW19 8AQ

14 January 2015