Abbreviated Company Accounts - RHEATECH LIMITED

03838015 RHEATECH LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03838015 2013-01-01 2013-12-31 03838015 2013-12-31 03838015 2012-12-31 03838015 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03838015 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03838015

RHEATECH LIMITED

Abbreviated Accounts

31 December 2013

RHEATECH LIMITED Registered Number 03838015

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Investments	2	204,833	125,970
		204,833	125,970
Current assets
Debtors	3	728,864	770,374
Cash at bank and in hand		2,523	25,186
		731,387	795,560
Creditors: amounts falling due within one year	4	(630,226)	(780,907)
Net current assets (liabilities)		101,161	14,653
Total assets less current liabilities		305,994	140,623
Total net assets (liabilities)		305,994	140,623
Capital and reserves
Called up share capital	5	2	2
Profit and loss account		305,992	140,621
Shareholders' funds		305,994	140,623

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:
A. Sincennes, Director

RHEATECH LIMITED Registered Number 03838015

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

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and applicable United Kingdom accounting standards. The financial statements have been prepared on a going concern basis due to the fact that the company's parent company, RHEA System S.A., has given an undertaking to support the company for at least twelve months from the date of signing these financial statements. The company has been profitable for the last two years.

Turnover policy
Turnover represents amounts receivable for services net of value added tax and trade discounts.

Other accounting policies
Pensions:
The company operates two defined contribution schemes for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Deferred taxation:
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance is not discounted. The deferred tax balance is equal to zero for the current year and for the comparative year.

Foreign currencies translation:
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Cash flow:
The company has taken the exemption under FRS 1 (revised 1996) from preparing a cash flow statement as it is a small company.

Investment in subsidiary undertaking:
Investments in subsidiary undertakings are recorded at cost plus incidental expenses less any provision for impairment. Impairment reviews are performed by the directors when there has been an indication of potential impairment.

2Fixed assets Investments
Investments: RHEATECH Limited has acquired 100% of the ordinary share capital of RHEA System B.V. during the year 2011 for an amount of £204,833.
RHEA System B.V. is based in the Netherlands (NL), Jonckerweg 18, 2201 DZ Noordwijk.

3Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	728,864	770,374

Trade debtors (24,229 £ in 2013 and 31,841 £ in 2012); Amounts owed by group undertakings (698,089 £ in 2013 and 713,688 £ in 2012) and Other debtors (6,546 £ and 24,845 £). Amounts owed by group undertakings are unsecured, bear ,no interest and are repayable on demand.

4Creditors

	2013 £	2012 £
Secured Debts	630,226	780,907

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2

Alloted and fully paid.