Abbreviated Company Accounts - THERMETAL LIMITED

Registered Number 04831889

THERMETAL LIMITED

Abbreviated Accounts

31 October 2015

THERMETAL LIMITED Registered Number 04831889

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	45,451	41,547
		45,451	41,547
Current assets
Stocks		2,000	2,000
Debtors		1,008,625	562,589
Cash at bank and in hand		745,106	1,061,797
		1,755,731	1,626,386
Creditors: amounts falling due within one year		(625,079)	(530,279)
Net current assets (liabilities)		1,130,652	1,096,107
Total assets less current liabilities		1,176,103	1,137,654
Provisions for liabilities		(8,689)	(8,309)
Total net assets (liabilities)		1,167,414	1,129,345
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,167,413	1,129,344
Shareholders' funds		1,167,414	1,129,345

For the year ending 31 October 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 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 6 April 2016

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 2015

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% straight line
Plant and machinery – 15% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2014	86,395
Additions	19,926
Disposals	(14,670)
Revaluations	-
Transfers	-
At 31 October 2015	91,651
Depreciation
At 1 November 2014	44,848
Charge for the year	8,622
On disposals	(7,270)
At 31 October 2015	46,200
Net book values
At 31 October 2015	45,451
At 31 October 2014	41,547