IACS Corrosion Engineering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04987649 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

IACS Corrosion Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr P Lydon

SECRETARY:

Mrs I J Willis

REGISTERED OFFICE:

Building 500, Churchill Way

Biggin Hill Airport

Biggin Hill

Westerham

Kent

TN16 3BN

REGISTERED NUMBER:

04987649 (England and Wales)

ACCOUNTANTS:

AW Accounting

12 Chequers Close

Istead Rise

Gravesend

Kent

DA13 9HJ

CURRENT ASSETS

Debtors

157,905

227,621

Cash at bank

345,736

173,436

503,641

401,057

CREDITORS

Amounts falling due within one year

172,674

144,728

NET CURRENT ASSETS

330,967

256,329

TOTAL ASSETS LESS CURRENT LIABILITIES

330,967

256,329

CAPITAL AND RESERVES

Called up share capital

3

55

55

Capital redemption reserve

45

45

Profit and loss account

330,867

256,229

SHAREHOLDERS' FUNDS

330,967

256,329

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 19 August 2015 and were signed by:

Dr P Lydon - 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.

Fixtures and fittings

-

25% on reducing balance

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

and 31 December 2014

1,972

DEPRECIATION

At 1 January 2014

and 31 December 2014

1,972

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

55

55