Abbreviated Company Accounts - THE EXPLOSION SAFETY TECHNOLOGY CO LIMITED

THE EXPLOSION SAFETY TECHNOLOGY CO LIMITED - Company Information

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Registered Number 03982309

THE EXPLOSION SAFETY TECHNOLOGY CO LIMITED

Abbreviated Accounts

31 December 2013

THE EXPLOSION SAFETY TECHNOLOGY CO LIMITED Registered Number 03982309

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Creditors: amounts falling due within one year		(36,844)	(36,844)
Net current assets (liabilities)		(36,844)	(36,844)
Total assets less current liabilities		(36,844)	(36,844)
Creditors: amounts falling due after more than one year		(412,076)	(412,076)
Total net assets (liabilities)		(448,920)	(448,920)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(449,020)	(449,020)
Shareholders' funds		(448,920)	(448,920)

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 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 30 September 2014

And signed on their behalf by:
J H THOMPSON, Director

THE EXPLOSION SAFETY TECHNOLOGY CO LIMITED Registered Number 03982309

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 net invoiced sales of goods, excluding value added tax.

Other accounting policies
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Research and Development
Expenditure on research and development is written off in the year in which it is incurred.

2Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

3Transactions with directors

Name of director receiving advance or credit:	J P Cavill
Description of the transaction:	Loans by director
Balance at 1 January 2013:	£ 163,725
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 163,725

Name of director receiving advance or credit:	J H Thompson
Description of the transaction:	Loans by director
Balance at 1 January 2013:	£ 140,588
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 140,588

Name of director receiving advance or credit:	J H Caplin
Description of the transaction:	Loans by director
Balance at 1 January 2013:	£ 72,017
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 72,017

Included in Creditors : Amounts falling due after more than one year : Other Creditors is professional services to the company provided by J H Thompson which was unpaid at 31 December 2013 amounting to £17600 (2012 : £17600).
Included in Creditors : Amounts falling due within one year is a preferred loan by J H Thompson, repayable in priority to the other directors, amounting to £16252 (2012 : £16252).