Intech Calibration Limited - Limited company accounts 11.4

REGISTERED NUMBER: 04164375 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

INTECH CALIBRATION LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

J H Du Plessis

A O'Mahony

D Buckley

SECRETARY:

First Instance Secretariat Ltd

REGISTERED OFFICE:

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

REGISTERED NUMBER:

04164375 (England and Wales)

ACCOUNTANTS:

Monetaire

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

The directors present their report with the financial statements of the company for the year ended 31 December 2013.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of technical testing and analysis.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2013 to the date of this report.

J H Du Plessis

A O'Mahony

D Buckley

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

First Instance Secretariat Ltd - Secretary

29 September 2014

TURNOVER

2

209,625

182,769

Cost of sales

61,766

68,171

GROSS PROFIT

147,859

114,598

Administrative expenses

128,963

64,791

18,896

49,807

Other operating income

35,065

-

OPERATING PROFIT

3

53,961

49,807

Interest receivable and similar income

60

-

54,021

49,807

Interest payable and similar charges

-

58

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

54,021

49,749

Tax on profit on ordinary activities

4

9,800

9,300

PROFIT FOR THE FINANCIAL YEAR

44,221

40,449

FIXED ASSETS

Tangible assets

6

21,647

8,556

CURRENT ASSETS

Debtors

7

103,633

120,819

Cash at bank

206,271

58,668

309,904

179,487

CREDITORS

Amounts falling due within one year

8

62,544

67,202

NET CURRENT ASSETS

247,360

112,285

TOTAL ASSETS LESS CURRENT
LIABILITIES

269,007

120,841

CREDITORS

Amounts falling due after more than one year

9

268,276

119,931

NET ASSETS

731

910

CAPITAL AND RESERVES

Called up share capital

10

102

Profit and loss account

11

629

808

SHAREHOLDERS' FUNDS

731

910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 29 September 2014 and were signed on its behalf by:

J H Du Plessis - Director

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.

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

-

25% on reducing balance

Deferred tax

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

2.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

3.	OPERATING PROFIT

The operating profit is stated after charging:

2013

2012

£

Depreciation - owned assets

7,216

2,852

Directors' remuneration and other benefits etc

7,640

7,439

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2013

2012

£

Current tax:

UK corporation tax

9,800

9,300

Tax on profit on ordinary activities

9,800

9,300

5.

DIVIDENDS

2013

2012

£

A Ordinary share of £1

Final

-

10,000

Interim

44,400

35,000

44,400

45,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2013

22,451

Additions

20,307

At 31 December 2013

42,758

DEPRECIATION

At 1 January 2013

13,895

Charge for year

7,216

At 31 December 2013

21,111

NET BOOK VALUE

At 31 December 2013

21,647

At 31 December 2012

8,556

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2012

£

Trade debtors

79,084

80,436

Other debtors

24,549

40,383

103,633

120,819

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2012

£

Trade creditors

27,521

44,927

Taxation and social security

28,633

16,015

Other creditors

6,390

6,260

62,544

67,202

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2013

2012

£

Other creditors

268,276

119,931

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

100

Ordinary

£1

100

1

A Ordinary

£1

1

B Ordinary

£1

1

102

11.

RESERVES

Profit

and loss

account

£

At 1 January 2013

808

Profit for the year

44,221

Dividends

(44,400

)

At 31 December 2013

629

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2013 and

31 December 2012:

2013

2012

£

J H Du Plessis

Balance outstanding at start of year

24,975

46,632

Amounts advanced

28,769

-

Amounts repaid

(44,634

)

(21,657

)

Balance outstanding at end of year

9,110

24,975

Dividends totalling £44,400 (2012 - £45,000) were paid to J. Du Plessis.