Abbreviated Company Accounts - SEALTITE SEALANTS LIMITED

SEALTITE SEALANTS LIMITED - Company Information

02339282 SEALTITE SEALANTS LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 02339282 2014-02-01 2015-01-31 02339282 2015-01-31 02339282 2014-01-31 02339282 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 02339282 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 02339282

SEALTITE SEALANTS LIMITED

Abbreviated Accounts

31 January 2015

SEALTITE SEALANTS LIMITED Registered Number 02339282

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	384,090	38,584
		384,090	38,584
Current assets
Stocks		20,340	3,720
Debtors		-	121
Cash at bank and in hand		215,179	332,090
		235,519	335,931
Creditors: amounts falling due within one year	3	(128,150)	(92,606)
Net current assets (liabilities)		107,369	243,325
Total assets less current liabilities		491,459	281,909
Creditors: amounts falling due after more than one year	3	(198,108)	0
Provisions for liabilities		(7,117)	(5,094)
Total net assets (liabilities)		286,234	276,815
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		286,134	276,715
Shareholders' funds		286,234	276,815

For the year ending 31 January 2015 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 23 September 2015

And signed on their behalf by:
Mr Michael Daly, Director

SEALTITE SEALANTS LIMITED Registered Number 02339282

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

The total turnover of the company for the year has been derived from its principal activity
wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - Straight line over Fifty years

Plant and machinery- 20% Reducing balance

Fixtures, fittings and equipment- 15% Reducing balance

Motor vehicles- 25% Reducing balance

Computer equipment- 33.33% Straight line basis

2Tangible fixed assets

	£
Cost
At 1 February 2014	102,031
Additions	385,296
Disposals	(64,282)
Revaluations	-
Transfers	-
At 31 January 2015	423,045
Depreciation
At 1 February 2014	63,447
Charge for the year	22,731
On disposals	(47,223)
At 31 January 2015	38,955
Net book values
At 31 January 2015	384,090
At 31 January 2014	38,584

3Creditors

	2015 £	2014 £
Secured Debts	198,108	0
Instalment debts due after 5 years	149,107	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100