Cygnus NDT Solutions Limited - Period Ending 2014-12-31

Registration number: 06648911

Cygnus NDT Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Cygnus NDT Solutions Limited
Contents

Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cygnus NDT Solutions Limited
(Registration number: 06648911)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					360,000			500,000
Investments					318,750			318,750
		2			678,750			818,750
Capital and reserves
Called up share capital		3			4,000			4,000
Profit and loss account					674,750			814,750
Shareholders' funds					678,750			818,750

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 accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 June 2015 and signed on its behalf by:

D L O Crosthwaite-Eyre Director

L Crosthwaite-Eyre Director

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Cygnus NDT Solutions Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Depreciation

Freehold land and buildings is not depreciated as impairment reviews are undertaken at the year end in accordance with FRS 11.

Asset class	Depreciation method and rate
Freehold land and buildings	Not depreciated

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2014		500,000			318,750			818,750
Revaluations		(140,000)			-			(140,000)
At 31 December 2014		360,000			318,750			678,750
Depreciation
At 31 December 2014		-			-			-
Net book value
At 31 December 2014		360,000			318,750			678,750
At 31 December 2013		500,000			318,750			818,750

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Cygnus NDT Solutions Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Cygnus Instruments Limited		Ordinary shares	85%	Manufacturer of gauges

The profit for the financial period of Cygnus Instruments Limited was £65,759 and the aggregate amount of capital and reserves at the end of the period was £1,320,776.

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		4,000			4,000			4,000			4,000

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