Abbreviated Company Accounts - RHEATECH LIMITED

03838015 RHEATECH LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03838015 2015-01-01 2015-12-31 03838015 2015-12-31 03838015 2014-12-31 03838015 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03838015 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03838015

RHEATECH LIMITED

Abbreviated Accounts

31 December 2015

RHEATECH LIMITED Registered Number 03838015

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	16,201	-
Investments	3	237,642	237,642
		253,843	237,642
Current assets
Debtors	4	1,773,574	1,295,392
Cash at bank and in hand		50,152	29,891
		1,823,726	1,325,283
Creditors: amounts falling due within one year	5	(1,210,564)	(978,449)
Net current assets (liabilities)		613,162	346,834
Total assets less current liabilities		867,005	584,476
Total net assets (liabilities)		867,005	584,476
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		867,003	584,474
Shareholders' funds		867,005	584,476

For the year ending 31 December 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 20 June 2016

And signed on their behalf by:
A. SINCENNES, Director

RHEATECH LIMITED Registered Number 03838015

Notes to the Abbreviated Accounts for the period ended 31 December 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
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom and from the turnover generated by the invoicing of the payroll costs and related expenses for engineers employed by Rheatech Limited outsourced to RHEA System S.A. (Belgium)

Tangible assets depreciation policy
From 2016, assets depreciated on 5 years (furnitures)

Intangible assets amortisation policy
Nil

Valuation information and policy
The Euro debtors and creditors have been converted at the year end rate

Other accounting policies
Nil

2Tangible fixed assets

	£
Cost
At 1 January 2015	0
Additions	16,201
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	16,201
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	16,201
At 31 December 2014	0

3Fixed assets Investments
RHEATECH Limited has acquired 100% of the ordinary share capital on RHEA System B.V. during the year 2011 for an amount of £237,642.
RHEA System B.V. is based in the Netherlands, Jonckerweg 18, 2201 DZ Noordwijk.

4Debtors

Amounts owned by group undertaking are unsecured, bear no interest and are repayable on demand.

5Creditors

	2015 £	2014 £
Secured Debts	1,210,564	978,449

6Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 A Ordinary shares of £1 each	2	2