Company Registration No. 02696255 (England and Wales)
Electromagnetic Testing Services Limited
Unaudited accounts
for the year ended 31 December 2018
Electromagnetic Testing Services Limited
Unaudited accounts
Contents
Electromagnetic Testing Services Limited
Company Information
for the year ended 31 December 2018
Company Number
02696255 (England and Wales)
Registered Office
Pratts Field, Lubberhedges Lane
Stebbing
Dunmow
Essex
CM6 3YY
UK
Accountants
A K Accounting Services
49 Hitchin Road
Upper Caldecote
Beds
SG18 9BU
Electromagnetic Testing Services Limited
Statement of financial position
as at 31 December 2018
Tangible assets
725,328
402,564
Cash at bank and in hand
408,037
584,154
Creditors: amounts falling due within one year
(119,345)
(266,777)
Net current assets
424,787
482,452
Net assets
1,150,115
885,016
Called up share capital
2
2
Profit and loss account
1,150,113
885,014
Shareholders' funds
1,150,115
885,016
For the year ending 31 December 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2019.
G Vassilas
Director
Company Registration No. 02696255
Electromagnetic Testing Services Limited
Notes to the Accounts
for the year ended 31 December 2018
Electromagnetic Testing Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02696255. The registered office is Pratts Field, Lubberhedges Lane, Stebbing, Dunmow, Essex, CM6 3YY, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Electromagnetic Testing Services Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2018
448,749
807,681
57,349
26,864
14,598
1,355,241
Additions
249,343
236,740
-
-
-
486,083
Disposals
-
-
(19,958)
-
-
(19,958)
At 31 December 2018
698,092
1,044,421
37,391
26,864
14,598
1,821,366
At 1 January 2018
235,868
659,234
27,436
15,541
14,598
952,677
Charge for the year
59,588
92,478
7,478
3,775
-
163,319
On disposals
-
-
(19,958)
-
-
(19,958)
At 31 December 2018
295,456
751,712
14,956
19,316
14,598
1,096,038
At 31 December 2018
402,636
292,709
22,435
7,548
-
725,328
At 31 December 2017
212,881
148,447
29,913
11,323
-
402,564
Trade debtors
126,499
155,552
Accrued income and prepayments
9,596
9,523
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
93,073
146,998
Taxes and social security
24,711
118,218
Loans from directors
1,561
1,561
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 11 (2017: 10).
