Company Registration No. 03274128 (England and Wales)
NDT WELDING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
NDT WELDING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
NDT WELDING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
27,630
56,300
Current assets
Stocks
7,750
21,250
Debtors
15,221
7,570
Cash at bank and in hand
41,909
44,659
64,880
73,479
Creditors: amounts falling due within one year
(114,230)
(127,139)
Net current liabilities
(49,350)
(53,660)
Total assets less current liabilities
(21,720)
2,640
Provisions for liabilities
(5,300)
(10,580)
(27,020)
(7,940)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(27,120)
(8,040)
Shareholders' funds
(27,020)
(7,940)
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 May 2016
N Torr
Director
Company Registration No. 03274128
NDT WELDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of value added tax.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10% on cost
Motor vehicles
25% on reducing balance
1.4
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
139,885
Additions
8,750
Disposals
(72,368)
At 31 October 2015
76,267
Depreciation
At 1 November 2014
83,585
On disposals
(42,945)
Charge for the year
7,997
At 31 October 2015
48,637
Net book value
At 31 October 2015
27,630
At 31 October 2014
56,300
NDT WELDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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