Dorset Foiltech Limited - Limited company - abbreviated - 11.6

Dorset Foiltech Limited - Limited company - abbreviated - 11.6

DORSET FOILTECH LIMITED - Company Information

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REGISTERED NUMBER: 07894266 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

DORSET FOILTECH LIMITED

DORSET FOILTECH LIMITED (REGISTERED NUMBER: 07894266)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DORSET FOILTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: Mr N J Mogg
Mrs L M Mogg





SECRETARY: Mrs L M Mogg





REGISTERED OFFICE: Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT





REGISTERED NUMBER: 07894266 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
& Statutory Auditors
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT
Page 1
DORSET FOILTECH LIMITED (REGISTERED NUMBER: 07894266)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £   
FIXED ASSETS
Intangible assets 2 17,000 18,000
Tangible assets 3 1,366 1,822
18,366 19,822

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 36,119 36,856
Cash at bank 5,367 4,674
43,486 43,530
CREDITORS
Amounts falling due within one year (50,210 ) (49,300 )
NET CURRENT LIABILITIES (6,724 ) (5,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,642 14,052

PROVISIONS FOR LIABILITIES (273 ) (364 )
NET ASSETS 11,369 13,688

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 11,367 13,686
SHAREHOLDERS' FUNDS 11,369 13,688

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 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.

The notes form part of these abbreviated accounts

Page 2 continued...
DORSET FOILTECH LIMITED (REGISTERED NUMBER: 07894266)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


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 Board of Directors on 7 April 2015 and were signed on its behalf by:





Mr N J Mogg - Director


The notes form part of these abbreviated accounts

Page 3
DORSET FOILTECH LIMITED (REGISTERED NUMBER: 07894266)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

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 the value of goods and services supplied by the company during the year, excluding value
added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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

Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 20,000
AMORTISATION
At 1 January 2014 2,000
Amortisation for year 1,000
At 31 December 2014 3,000
NET BOOK VALUE

At 31 December 2014 17,000
At 31 December 2013 18,000

Page 4 continued...
DORSET FOILTECH LIMITED (REGISTERED NUMBER: 07894266)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 2,672
DEPRECIATION
At 1 January 2014 850
Charge for year 456
At 31 December 2014 1,306
NET BOOK VALUE
At 31 December 2014 1,366
At 31 December 2013 1,822

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 5