Registered Number 01794405

M. AND E. ALARMS (BARNSTAPLE) LIMITED

Abbreviated Accounts

31 March 2014

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

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 184,398 209,883
184,398 209,883
Current assets
Stocks 37,100 38,710
Debtors 254,036 223,281
Cash at bank and in hand 336,940 292,669
628,076 554,660
Creditors: amounts falling due within one year 3 (330,938) (341,488)
Net current assets (liabilities) 297,138 213,172
Total assets less current liabilities 481,536 423,055
Creditors: amounts falling due after more than one year 3 (46,058) (66,615)
Provisions for liabilities (3,073) (6,667)
Total net assets (liabilities) 432,405 349,773
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 432,305 349,673
Shareholders' funds 432,405 349,773
  • For the year ending 31 March 2014 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 20 August 2014

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

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

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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:

Fixtures, Fittings and Equipment - IT equipment - 3 years straight line, Other equipment - 15% reducing balance
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 Committments

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.

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 occurred 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 tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2 Tangible fixed assets
£
Cost
At 1 April 2013 494,005
Additions 32,909
Disposals (25,360)
Revaluations -
Transfers -
At 31 March 2014 501,554
Depreciation
At 1 April 2013 284,122
Charge for the year 46,429
On disposals (13,395)
At 31 March 2014 317,156
Net book values
At 31 March 2014 184,398
At 31 March 2013 209,883
3 Creditors
2014
£
2013
£
Secured Debts 80,954 98,549
4 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

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