Instromet Weather Systems Limited - Limited company - abbreviated - 11.9

Instromet Weather Systems Limited - Limited company - abbreviated - 11.9

INSTROMET WEATHER SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 07289464 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

INSTROMET WEATHER SYSTEMS LIMITED

INSTROMET WEATHER SYSTEMS LIMITED (REGISTERED NUMBER: 07289464)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

INSTROMET WEATHER SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2015







DIRECTORS: Mr A Tropman
Mr R Peel





REGISTERED OFFICE: 10B Folgate Road
North Walsham
Norfolk
NR28 0AJ





REGISTERED NUMBER: 07289464 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
2a Church Street
North Walsham
Norfolk
NR28 9DA
Page 1
INSTROMET WEATHER SYSTEMS LIMITED (REGISTERED NUMBER: 07289464)

ABBREVIATED BALANCE SHEET
30 June 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 525 1,376
Tangible assets 3 346 861
871 2,237

CURRENT ASSETS
Stocks 13,969 13,251
Debtors 7,531 3,577
Cash at bank 9,969 2,731
31,469 19,559
CREDITORS
Amounts falling due within one year 26,414 17,676
NET CURRENT ASSETS 5,055 1,883
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,926
4,120

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 5,826 4,020
SHAREHOLDERS' FUNDS 5,926 4,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 10 March 2016 and were signed on its
behalf by:





Mr R Peel - Director


The notes form part of these abbreviated accounts

Page 2
INSTROMET WEATHER SYSTEMS LIMITED (REGISTERED NUMBER: 07289464)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 June 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Patents and licences
Expenditure on patents, licences etc. is written off in the profit and loss account over the period from
which the company is expected to benefit.

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 - Straight line over 5 years

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.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 6,175
Additions 480
At 30 June 2015 6,655
AMORTISATION
At 1 July 2014 4,799
Amortisation for year 1,331
At 30 June 2015 6,130
NET BOOK VALUE

At 30 June 2015 525
At 30 June 2014 1,376

Page 3 continued...
INSTROMET WEATHER SYSTEMS LIMITED (REGISTERED NUMBER: 07289464)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 30 June 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014
and 30 June 2015 2,576
DEPRECIATION
At 1 July 2014 1,715
Charge for year 515
At 30 June 2015 2,230
NET BOOK VALUE
At 30 June 2015 346
At 30 June 2014 861

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4