Abbreviated Company Accounts - SEALTITE SEALANTS LIMITED

SEALTITE SEALANTS LIMITED - Company Information

02339282 SEALTITE SEALANTS LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 02339282 2013-02-01 2014-01-31 02339282 2014-01-31 02339282 2013-01-31 02339282 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 02339282 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 02339282

SEALTITE SEALANTS LIMITED

Abbreviated Accounts

31 January 2014

SEALTITE SEALANTS LIMITED Registered Number 02339282

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	38,584	41,371
		38,584	41,371
Current assets
Stocks		3,720	3,240
Debtors		121	1,872
Cash at bank and in hand		332,090	288,732
		335,931	293,844
Creditors: amounts falling due within one year		(92,606)	(95,385)
Net current assets (liabilities)		243,325	198,459
Total assets less current liabilities		281,909	239,830
Provisions for liabilities		(5,094)	(4,887)
Total net assets (liabilities)		276,815	234,943
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		276,715	234,843
Shareholders' funds		276,815	234,943

For the year ending 31 January 2014 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 2 September 2014

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 2014

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:

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 2013	93,761
Additions	23,275
Disposals	(15,006)
Revaluations	-
Transfers	-
At 31 January 2014	102,030
Depreciation
At 1 February 2013	52,390
Charge for the year	13,065
On disposals	(2,009)
At 31 January 2014	63,446
Net book values
At 31 January 2014	38,584
At 31 January 2013	41,371

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100