Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Technical Welding Services Ltd
Contents
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Technical Welding Services Ltd
(Registration number: 06571879)
Abbreviated Balance Sheet at 31 July 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Technical Welding Services Ltd
(Registration number: 06571879)
Abbreviated Balance Sheet at 31 July 2015
......... continued
Approved by the director on
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E T Green
Director
2
Technical Welding Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Goodwill
Goodwill being the amount paid in connection with the acquisition of the business in 2008 ,is being amortised evenly over its estimated usefull life of ten years.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery etc |
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Stock and work in progress
Technical Welding Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
Pensions
Technical Welding Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 August 2014 |
40,000 |
32,224 |
72,224 |
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At 31 July 2015 |
40,000 |
32,224 |
72,224 |
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Depreciation |
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At 1 August 2014 |
24,000 |
15,774 |
39,774 |
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Charge for the year |
4,000 |
3,638 |
7,638 |
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At 31 July 2015 |
28,000 |
19,412 |
47,412 |
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Net book value |
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At 31 July 2015 |
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At 31 July 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
34,984 |
34,960 |
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Amounts falling due after more than one year |
3,625 |
8,060 |
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Total secured creditors |
38,609 |
43,020 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Technical Welding Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Related party transactions |
Director's advances and credits |
2015 |
2015 |
2014 |
2014 |
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E T Green |
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14,400 |
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Control |
The company is controlled by