Orbital Welding Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06704824 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Orbital Welding Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A McGregor

J S Rice

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

06704824 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

2

35,972

29,909

CURRENT ASSETS

Stocks

9,362

-

Debtors

110,360

116,731

Cash at bank and in hand

607

66,894

120,329

183,625

CREDITORS

Amounts falling due within one year

151,908

204,619

NET CURRENT LIABILITIES

(31,579

)

(20,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,393

8,915

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

4,390

8,912

SHAREHOLDERS' FUNDS

4,393

8,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 15 June 2015 and were signed on its behalf by:

J S Rice - 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 October 2013

44,068

Additions

14,098

At 30 September 2014

58,166

DEPRECIATION

At 1 October 2013

14,159

Charge for year

8,035

At 30 September 2014

22,194

NET BOOK VALUE

At 30 September 2014

35,972

At 30 September 2013

29,909

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

3

Ordinary

£1

3

3