EWM Hightec Welding UK Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06740723 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

EWM HIGHTEC WELDING UK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Cauchi

REGISTERED OFFICE:

Unit 2B Coopies Way

Coopies Lane Industrial Estate

Morpeth

Northumberland

NE61 6JN

REGISTERED NUMBER:

06740723 (England and Wales)

ACCOUNTANTS:

McCready Page Accountants

511 Durham Road

Low Fell

Gateshead

Tyne and Wear

NE9 5EY

FIXED ASSETS

Tangible assets

2

29,135

18,188

CURRENT ASSETS

Stocks

418,196

406,213

Debtors

473,718

438,604

Cash at bank and in hand

168,008

71,387

1,059,922

916,204

CREDITORS

Amounts falling due within one year

804,953

902,531

NET CURRENT ASSETS

254,969

13,673

TOTAL ASSETS LESS CURRENT LIABILITIES

284,104

31,861

CREDITORS

Amounts falling due after more than one year

54,388

59,489

NET ASSETS/(LIABILITIES)

229,716

(27,628

)

CAPITAL AND RESERVES

Called up share capital

3

28,000

28,000

Profit and loss account

201,716

(55,628

)

SHAREHOLDERS' FUNDS

229,716

(27,628

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 March 2015 and were signed by:

A Cauchi - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

34,124

Additions

17,022

Disposals

(2,365

)

At 31 December 2014

48,781

DEPRECIATION

At 1 January 2014

15,936

Charge for year

5,320

Eliminated on disposal

(1,610

)

At 31 December 2014

19,646

NET BOOK VALUE

At 31 December 2014

29,135

At 31 December 2013

18,188

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

28,000

Ordinary

1

28,000

28,000

4.	ULTIMATE PARENT COMPANY