Advanced NDT Limited - Abbreviated accounts 16.1
Advanced NDT Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31st October 2015 |
| for |
| Advanced NDT Limited |
| Advanced NDT Limited (Registered number: 05957975) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Advanced NDT Limited |
| Company Information |
| for the Year Ended 31st October 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Advanced NDT Limited (Registered number: 05957975) |
| Abbreviated Balance Sheet |
| 31st October 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Advanced NDT Limited (Registered number: 05957975) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st October 2015 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| GOODWILL |
| TANGIBLE FIXED ASSETS |
| Office equipment | - |
| Motor vehicles | - |
| Exhibition and display equipment | - |
| 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 profit or loss on a straight line basis over the period of the |
| lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st November 2014 |
| and 31st October 2015 |
| AMORTISATION |
| At 1st November 2014 |
| Amortisation for year |
| At 31st October 2015 |
| NET BOOK VALUE |
| At 31st October 2015 |
| At 31st October 2014 |
| Advanced NDT Limited (Registered number: 05957975) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st October 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st November 2014 |
| Additions |
| Disposals | ( |
) |
| At 31st October 2015 |
| DEPRECIATION |
| At 1st November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st October 2015 |
| NET BOOK VALUE |
| At 31st October 2015 |
| At 31st October 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in creditors are loans from the Directors, K Mclaughlin and T C Mullins. No interest has been charged |
| on these loans. The balance at the year end was the maximum amount outstanding. |