Abbreviated Company Accounts - SEALTITE SEALANTS LIMITED

SEALTITE SEALANTS LIMITED - Company Information

02339282 SEALTITE SEALANTS LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 02339282 2015-02-01 2016-01-31 02339282 2016-01-31 02339282 2015-01-31 02339282 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 02339282 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 02339282

SEALTITE SEALANTS LIMITED

Abbreviated Accounts

31 January 2016

SEALTITE SEALANTS LIMITED Registered Number 02339282

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	420,760	384,090
		420,760	384,090
Current assets
Stocks		3,220	20,340
Debtors		458	-
Cash at bank and in hand		383,839	215,179
		387,517	235,519
Creditors: amounts falling due within one year		(207,847)	(128,150)
Net current assets (liabilities)		179,670	107,369
Total assets less current liabilities		600,430	491,459
Creditors: amounts falling due after more than one year		(186,685)	(198,108)
Provisions for liabilities		(5,562)	(7,117)
Total net assets (liabilities)		408,183	286,234
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		408,083	286,134
Shareholders' funds		408,183	286,234

For the year ending 31 January 2016 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 27 October 2016

And signed on their behalf by:
Mr M Daly, Director

SEALTITE SEALANTS LIMITED Registered Number 02339282

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

The total turnover of the company for the year has been derived from its principal activity
wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings- Straight line over Fifty years
Plant and machinery- 20% Reducing balance
Fixtures, fittings
and equipment - 15% Reducing balance
Motor vehicles- 25% Reducing balance
Computer equipment- 33.33% Straight line basis

2Tangible fixed assets

	£
Cost
At 1 February 2015	423,045
Additions	66,357
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	489,402
Depreciation
At 1 February 2015	38,955
Charge for the year	29,687
On disposals	-
At 31 January 2016	68,642
Net book values
At 31 January 2016	420,760
At 31 January 2015	384,090

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100