Registered number
06330365
Cycad Security Ltd
Unaudited Abbreviated Accounts
Year ended 31 August 2016
Cycad Security Ltd Registered number:
Abbreviated Balance Sheet 06330365
as at 31 August 2016
Notes 2016 2015
£ £ £ £
Fixed assets
Tangible assets 2 13,492 23,885
Current assets
Debtors 88,375 62,548
Cash at bank and in hand 4,097 9,415
92,472 71,963
Creditors: amounts falling due within one year (75,742) (66,768)
Net current assets 16,730 5,195
Total assets less current liabilities 30,222 29,080
Creditors: amounts falling due after more than one year (12,316) (19,481)
Provisions for liabilities (2,699) (4,777)
Net assets 15,207 4,822
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 15,107 4,722
Shareholders' funds 15,207 4,822
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J D Tyler
Director
Approved by the board on 30 May 2017
Cycad Security Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Where a contract extends beyond the year end then the appropriate amount of income relating to that post year end period is deferred.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25% reducing balance method
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 September 2015 50,436
Additions 1,385
At 31 August 2016 51,821
Depreciation
At 1 September 2015 26,551
Charge for the year 11,778
At 31 August 2016 38,329
Net book value
At 31 August 2016 13,492
At 31 August 2015 23,885
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A T Bush ( resigned 6 April 2016 )
Owing (by) to director (18,138) (16,312) 17,982 (16,468)
J D Tyler
Owing (by) to director (17,686) (16,500) 3,886 (30,300)
(35,824) (32,812) 21,868 (46,768)
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