REGISTERED NUMBER: 06205394 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

1A IDEAL LOCKSMITHS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Kapacee

SECRETARY:

M Kapacee

REGISTERED OFFICE:

50 Balaam House

Collingwood Road

Sutton

Surrey

SM1 1RX

REGISTERED NUMBER:

06205394 (England and Wales)

FIXED ASSETS

Intangible assets

2

8,000

9,000

Tangible assets

3

17,728

12,640

25,728

21,640

CURRENT ASSETS

Stocks

10,130

12,565

Cash at bank

5,546

5,234

15,676

17,799

CREDITORS

Amounts falling due within one year

44,484

49,292

NET CURRENT LIABILITIES

(28,808

)

(31,493

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,080

)

(9,853

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(3,180

)

(9,953

)

SHAREHOLDERS' FUNDS

(3,080

)

(9,853

)

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 28 November 2014 and were signed by:

S Kapacee - Director

1.	ACCOUNTING POLICIES

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 net sales of goods and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

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

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

15,000

AMORTISATION

At 1 April 2013

6,000

Amortisation for year

1,000

At 31 March 2014

7,000

NET BOOK VALUE

At 31 March 2014

8,000

At 31 March 2013

9,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

32,930

Additions

13,999

Disposals

(10,999

)

At 31 March 2014

35,930

DEPRECIATION

At 1 April 2013

20,290

Charge for year

5,938

Eliminated on disposal

(8,026

)

At 31 March 2014

18,202

NET BOOK VALUE

At 31 March 2014

17,728

At 31 March 2013

12,640

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100