Eurotherm Insulation Supplies Limited - Accounts to registrar - small 16.1.1
Eurotherm Insulation Supplies Limited - Accounts to registrar - small 16.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| FOR |
| EUROTHERM INSULATION SUPPLIES LIMITED |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| EUROTHERM INSULATION SUPPLIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1349/1353 London Road |
| Leigh-on-Sea |
| Essex |
| SS9 2AB |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JANUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors: amounts falling due within one year | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 |
| 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. |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 JANUARY 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 1. | STATUTORY INFORMATION |
| Eurotherm Insulation Supplies Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Inventories 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 |
| statement of financial position date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2015 |
| Additions |
| At 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| Included within the net book value of £41,769 is £24,201 ( 2015 - £32,269 ) relating to assets held under hire |
| purchase agreements.The depreciation charged to the financial statements in the year in respect of such assets |
| amounted to £8,068 (2015 - £10,757) |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT |
| Directors' current accounts |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| EUROTHERM INSULATION SUPPLIES LIMITED (REGISTERED NUMBER: 02644804) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 February 2015 |
| Deficit for the year | ( |
) |
| At 31 January 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| The company was under the control of Mr A R T Ball, a director and member of his close family throughout the current and previous year. Mr A R T Ball is personally interested in 15.5% ( 2015--15.5%) of the company's share capital. |
| The company paid management charges of £Nil ( 2015- £Nil ) to Eastwell Management Limited in which Mr B |
| and Mrs P J Roe are also directors and shareholders. |
| Amounts owed to the Directors are shown in the foregoing Creditors' note. |
| No other transactions with related parties were undertaken such as are required to be disclosed. |