Registered Number 03916238


Abbreviated Accounts

31 December 2014


Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 356,924 367,368
356,924 367,368
Current assets
Stocks 32,285 32,187
Debtors 279,698 249,972
Cash at bank and in hand 100,087 42,451
412,070 324,610
Creditors: amounts falling due within one year 3 (256,256) (211,320)
Net current assets (liabilities) 155,814 113,290
Total assets less current liabilities 512,738 480,658
Creditors: amounts falling due after more than one year 3 (118,900) (152,624)
Provisions for liabilities (17,082) (18,873)
Total net assets (liabilities) 376,756 309,161
Capital and reserves
Called up share capital 4 4 4
Profit and loss account 376,752 309,157
Shareholders' funds 376,756 309,161
  • For the year ending 31 December 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 28 June 2015

And signed on their behalf by:
H BOOTH, Director


Notes to the Abbreviated Accounts for the period ended 31 December 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 invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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:

Plant and machinery - 20% pa on written down value
Fixtures, fittings and equipment - 20% pa on written down value
Long Leasehold Property - see paragraph below

No depreciation is provided on Long Leasehold Premises as its estimated remaining useful economic life exceeds 50 years and any such depreciation is considered immaterial.

Other accounting policies
Research expenditure is written off to the profit and loss account in the year in which it is incurred.

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 is valued at the lower of cost and net realisable value.

The pension costs charged in the financial statements represent the contribution payable by the
company during the year.

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, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable; Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. 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.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets
At 1 January 2014 564,325
Additions 14,798
Disposals (18,225)
Revaluations -
Transfers -
At 31 December 2014 560,898
At 1 January 2014 196,957
Charge for the year 23,049
On disposals (16,032)
At 31 December 2014 203,974
Net book values
At 31 December 2014 356,924
At 31 December 2013 367,368
Secured Debts 131,878 165,102
Instalment debts due after 5 years 65,542 83,849
4Called Up Share Capital
Allotted, called up and fully paid:
2Ordinary shares of £1 each 2 2
2A Ordinary shares of £1 each 2 2