Elan Fire & Security Group Ltd - Period Ending 2015-12-31

31 December 2015

Ordinary shares of £1 each

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

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.

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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

New shares allotted

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

Control

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

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