Abbreviated Company Accounts - THERAGLASS LIMITED

THERAGLASS LIMITED - Company Information

06813496 THERAGLASS LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 06813496 2013-03-01 2014-02-28 06813496 2014-02-28 06813496 2013-02-28 06813496 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 06813496 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:Director3 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 uk-gaap-cd-bus:PreferenceShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:PreferenceShareClass1 2014-02-28 uk-gaap-cd-bus:PreferenceShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 06813496

THERAGLASS LIMITED

Abbreviated Accounts

28 February 2014

THERAGLASS LIMITED Registered Number 06813496

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	2,575,999	2,834,999
Tangible assets		-	-
Investments		-	-
		2,575,999	2,834,999
Current assets
Stocks		1	1
Debtors		-	-
Cash at bank and in hand		3,556	2,052
		3,557	2,053
Creditors: amounts falling due within one year		(23,089)	(17,089)
Net current assets (liabilities)		(19,532)	(15,036)
Total assets less current liabilities		2,556,467	2,819,963
Creditors: amounts falling due after more than one year		0	0
Total net assets (liabilities)		2,556,467	2,819,963
Capital and reserves
Called up share capital	3	2,500,909	2,500,909
Share premium account		2,024,721	2,024,721
Profit and loss account		(1,969,163)	(1,705,667)
Shareholders' funds		2,556,467	2,819,963

For the year ending 28 February 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 29 November 2014

And signed on their behalf by:
P Catherall, Director

THERAGLASS LIMITED Registered Number 06813496

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Intangible assets amortisation policy
Intangible Assets are valued at cost and are amortised over their useful economic life on a straight line basis.

2Intangible fixed assets

	£
Cost
At 1 March 2013	4,499,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	4,499,999
Amortisation
At 1 March 2013	1,665,000
Charge for the year	259,000
On disposals	-
At 28 February 2014	1,924,000
Net book values
At 28 February 2014	2,575,999
At 28 February 2013	2,834,999

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

	2014 £	2013 £
9,090,000 Ordinary shares of £0.001 each	9,090	9,090
2,500,000 Redeemable Preference shares of £1 each	2,500,000	2,500,000

4Transactions with directors

Name of director receiving advance or credit:	P Catherall
Description of the transaction:	Amount owed to director
Balance at 1 March 2013:	£ 16,084
Advances or credits made:	£ 6,000
Advances or credits repaid:	£ 0
Balance at 28 February 2014:	£ 22,084

Owed to Director for company expenses paid personally and redeemable preference shares of £2,500,000.