Accounts filed on 31-12-2013

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			Company registration number:07143743
			NDT EQUIPMENT SUPPLIES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2013

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NDT EQUIPMENT SUPPLIES LIMITED
BALANCE SHEET
AS AT 31 December 2013
			2013				2012
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			56,250				0
					56,250				0
CURRENT ASSETS
Stocks			26,300				3,000
Debtors			138,340				100
Cash at bank and in hand			246,690				10,038
			411,330				13,138
CREDITORS
Amounts falling due within one year			(367,697)				(6,236)
NET CURRENT ASSETS					43,633				6,902
TOTAL ASSETS LESS
CURRENT LIABILITIES					99,883				6,902
NET ASSETS					99,883				6,902
CAPITAL AND RESERVES
Called-up equity share capital		3			100				100
Profit and loss account					99,783				6,802
SHAREHOLDERS FUNDS					99,883				6,902
For the year ending 31 December 2013 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 4 September 2014 and signed on its behalf.
..........................................................................
A M Brimfield
4 September 2014
The annexed notes form part of these financial statements.

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NDT EQUIPMENT SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Fixed assets

A full years depreciation is charged in the year of acquisition of an asse but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 25% per annum reducing balance basis

Motor vehicles 25% per annum of cost

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

Pension costs are recognised in the profit and loss account in order to provide a systematic and rational charge over the periods from which benefits are derived from employees services.

2.	Tangible fixed assets
				Total
	Cost
	Additions			75,000
	At end of period			75,000
	Depreciation
	Provided during the period			18,750
	At end of period			18,750
	Net Book Value
	At end of period			56,250

3.	Share capital				Allotted, issued and fully paid
					2013	2012
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
4.	Ultimate controlling party
	There is no ultimate controlling party of the company.