Registered Number 01794405

M. AND E. ALARMS (BARNSTAPLE) LIMITED

Abbreviated Accounts

31 March 2013

M. AND E. ALARMS (BARNSTAPLE) LIMITED Registered Number 01794405

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 209,883 103,049
209,883 103,049
Current assets
Stocks 38,710 46,617
Debtors 223,281 258,476
Cash at bank and in hand 292,669 285,293
554,660 590,386
Creditors: amounts falling due within one year 3 (341,488) (395,803)
Net current assets (liabilities) 213,172 194,583
Total assets less current liabilities 423,055 297,632
Creditors: amounts falling due after more than one year 3 (66,615) (15,112)
Provisions for liabilities (6,667) -
Total net assets (liabilities) 349,773 282,520
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 349,673 282,420
Shareholders' funds 349,773 282,520
  • For the year ending 31 March 2013 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 24 October 2013

And signed on their behalf by:
M E Masters, Director

M. AND E. ALARMS (BARNSTAPLE) LIMITED Registered Number 01794405

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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
Turnover represents the total value of goods, excluding value added tax, Provided to customers during the year, plus the value of work, excluding value added tax, performed during the year with respect to services.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 12.5% straight line
Fixtures, fittings and equipment - IT equipment - 3 years straight line
Other equipment - 15%
Motor vehicles - 25% reducing balance
Leasehold improvements - 25 years straight line over period of lease
Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
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.
Stock and work in progress - Stock and work in progress are valued at the lower of cost and net realisable value.
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.
Deferred taxation - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based upon tax rates and laws enacted or substantially enacted at the balance sheet date.

2 Tangible fixed assets
£
Cost
At 1 April 2012 399,358
Additions 142,096
Disposals (47,449)
Revaluations -
Transfers -
At 31 March 2013 494,005
Depreciation
At 1 April 2012 296,309
Charge for the year 35,262
On disposals (47,449)
At 31 March 2013 284,122
Net book values
At 31 March 2013 209,883
At 31 March 2012 103,049
3 Creditors
2013
£
2012
£
Secured Debts 98,549 35,983
4 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100

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