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Registration number: 09365723

Elan Fire & Security Group Ltd

Annual Report and Unaudited Abbreviated Accounts

for the Period from 23 December 2014 to 31 December 2015

 

 

Elan Fire & Security Group Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Elan Fire & Security Group Ltd
(Registration number: 09365723)
at 31 December 2015

   

Note

   

31 December 2015
£

 

Fixed assets

 

       

Intangible fixed assets

 

   

3,333

 

Tangible fixed assets

 

   

12,259

 
   

   

15,592

 

Current assets

 

       

Debtors

 

   

50,579

 

Cash at bank and in hand

 

   

13,944

 
   

   

64,523

 

Creditors: Amounts falling due within one year

 

   

(77,382)

 

Net current liabilities

 

   

(12,859)

 

Net assets

 

   

2,733

 

Capital and reserves

 

       

Called up share capital

 

3

   

100

 

Profit and loss account

 

   

2,633

 

Shareholders' funds

 

   

2,733

 

For the year ending 31 December 2015 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 director acknowledges his 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 director on 4 August 2016

.........................................
C Woodhouse
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Elan Fire & Security Group Ltd
Notes to the Abbreviated Accounts for the Period from 23 December 2014 to 31 December 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 3 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor vehicles

33% straight line

Office equipment

20% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Elan Fire & Security Group Ltd
Notes to the Abbreviated Accounts for the Period from 23 December 2014 to 31 December 2015
......... continued

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

Additions

 

5,000

   

13,745

   

18,745

 

At 31 December 2015

 

5,000

   

13,745

   

18,745

 

Depreciation

                 

Charge for the period

 

1,667

   

1,486

   

3,153

 

At 31 December 2015

 

1,667

   

1,486

   

3,153

 

Net book value

                 

At 31 December 2015

 

3,333

   

12,259

   

15,592

 

3

Share capital

Allotted, called up and fully paid shares

 

31 December 2015

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

 
             

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

4

Control

The company is controlled by P Salmon as 100% shareholder.