Accounts filed on 31-12-2014

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			Company registration number:07143743
			NDT EQUIPMENT SUPPLIES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2014

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NDT EQUIPMENT SUPPLIES LIMITED
BALANCE SHEET
AS AT 31 December 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			59,538				56,250
					59,538				56,250
CURRENT ASSETS
Stocks			40,075				26,300
Debtors			129,047				138,340
Cash at bank and in hand			306,375				246,690
			475,497				411,330
CREDITORS
Amounts falling due within one year			(345,371)				(367,697)
NET CURRENT ASSETS					130,126				43,633
TOTAL ASSETS LESS
CURRENT LIABILITIES					189,664				99,883
PROVISIONS FOR LIABILITIES					(1,822)				(0)
NET ASSETS					187,842				99,883
CAPITAL AND RESERVES
Called-up equity share capital		3			100				100
Profit and loss account					187,742				99,783
SHAREHOLDERS FUNDS					187,842				99,883
For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 22 April 2015 and signed on its behalf.
..........................................................................
A M Brimfield
22 April 2015
The annexed notes form part of these financial statements.

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NDT EQUIPMENT SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 25% per annum reducing balance basis

Office equipment 20% per annum reducing balance basis

Motor vehicles 25% per annum reducing balance basis

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			75,000
	Additions			22,850
	At end of period			97,850
	Depreciation
	At start of period			18,750
	Provided during the period			19,562
	At end of period			38,312
	Net Book Value
	At start of period			56,250
	At end of period			59,538

3.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
4.	Ultimate controlling party
	There is no ultimate controlling party of the company.