Kemwell Thermal Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02829049 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

for

KEMWELL THERMAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R W Parkes

T Buckley

SECRETARY:

Mrs D Parkes

REGISTERED OFFICE:

Lower Farm

Taynton

Burford

Oxfordshire

OX18 4UH

REGISTERED NUMBER:

02829049 (England and Wales)

ACCOUNTANTS:

Bakers

(The practising name of

Baker (Midlands) Limited)

Arbor House

Broadway North

Walsall

WS1 2AN

FIXED ASSETS

Tangible assets

2

47,654

53,389

CURRENT ASSETS

Stocks

137,154

34,067

Debtors

636,449

774,235

Cash in hand

824

824

774,427

809,126

CREDITORS

Amounts falling due within one year

3

155,226

202,354

NET CURRENT ASSETS

619,201

606,772

TOTAL ASSETS LESS CURRENT LIABILITIES

666,855

660,161

PROVISIONS FOR LIABILITIES

7,250

7,900

NET ASSETS

659,605

652,261

CAPITAL AND RESERVES

Called up share capital

4

50,000

50,000

Profit and loss account

609,605

602,261

SHAREHOLDERS' FUNDS

659,605

652,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 24th September 2015 and were signed on its behalf by:

R W Parkes - 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.

Plant and machinery etc

-

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

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 1st January 2014

386,355

Additions

7,626

At 31st December 2014

393,981

DEPRECIATION

At 1st January 2014

332,966

Charge for year

13,361

At 31st December 2014

346,327

NET BOOK VALUE

At 31st December 2014

47,654

At 31st December 2013

53,389

3.

CREDITORS

Creditors include an amount of £ 11,252 (2013 - £ 43,292 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50,000

Ordinary shares

£1

50,000

50,000