Cryotherm Insulation Limited - Limited company - abbreviated - 11.0.0
Cryotherm Insulation Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| CRYOTHERM INSULATION LIMITED |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| CRYOTHERM INSULATION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743) |
| ABBREVIATED BALANCE SHEET |
| 31 JULY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JULY 2014 |
| The financial statements were approved by the Board of Directors on |
| CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention modified to include the |
| revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and |
| services provided to customers. Turnover is shown net of Value Added Tax. |
| Tangible fixed assets |
| Fixed assets include land and buildings valued on an existing use open market value basis. Other fixed assets are |
| stated at historical cost. |
| Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated |
| residual value over its expected useful life as follows: |
| Freehold buildings | £4,000 per annum |
| Plant and machinery | Between 4 & 10 years straight line |
| Fixtures, fittings and equipment | 4 years straight line |
| Motor vehicles | Written down to their estimated realisable value at the balance sheet date |
| Freehold land is not depreciated. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value. In general, cost is determined on a first in first |
| out basis and includes transport and handling costs; in the case of manufactured products cost includes all direct |
| expenditure and production overheads based on the normal level of activity. Provision is made where necessary |
| for obsolete, slow moving and defective stocks. |
| Deferred tax |
| 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 that result in an obligation to pay more tax in the future or a right to pay |
| less tax in the future have occurred at the balance sheet date. Timing differences are differences between the |
| company's taxable profits and its results as stated in the financial statements. |
| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted |
| by the balance sheet date. Deferred tax is measured on a non-discounted basis. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately |
| from those of the company in an independently administered fund. The amount charged in the financial |
| statements represent the contributions payable by the company during the period. |
| CRYOTHERM INSULATION LIMITED (REGISTERED NUMBER: 01306743) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JULY 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1 |
| 5. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is Bracefill Limited, a company registered in England and Wales. |