Abbreviated Company Accounts - THERMETAL LIMITED

Registered Number 04831889

THERMETAL LIMITED

Abbreviated Accounts

31 October 2014

THERMETAL LIMITED Registered Number 04831889

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	41,547	31,795
		41,547	31,795
Current assets
Stocks		2,000	2,000
Debtors		562,589	945,801
Cash at bank and in hand		1,061,797	715,222
		1,626,386	1,663,023
Creditors: amounts falling due within one year		(530,279)	(629,935)
Net current assets (liabilities)		1,096,107	1,033,088
Total assets less current liabilities		1,137,654	1,064,883
Provisions for liabilities		(8,309)	(6,359)
Total net assets (liabilities)		1,129,345	1,058,524
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,129,344	1,058,523
Shareholders' funds		1,129,345	1,058,524

For the year ending 31 October 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 2 March 2015

And signed on their behalf by:
I A Nock, Director

THERMETAL LIMITED Registered Number 04831889

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.
The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small company.

Turnover policy
Turnover represents the total invoice value, excluding VAT, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its useful life as follows:

Fixtures and fittings - 10% reducing balance
Plant and machinery - 15% reducing balance
Motor vehicles - 25 reducing balance
Computer equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2013	66,948
Additions	19,447
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	86,395
Depreciation
At 1 November 2013	35,153
Charge for the year	9,695
On disposals	-
At 31 October 2014	44,848
Net book values
At 31 October 2014	41,547
At 31 October 2013	31,795