Company Registration No. 1422178 (England and Wales)
COTECH SENSITISING LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
COTECH SENSITISING LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
COTECH SENSITISING LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
106,426
702,788
Investments
2
25,513
25,513
131,939
728,301
Current assets
Stocks
515,057
557,095
Debtors
826,486
294,558
Cash at bank and in hand
348,848
558,639
1,690,391
1,410,292
Creditors: amounts falling due within one year
(115,830)
(153,533)
Net current assets
1,574,561
1,256,759
Total assets less current liabilities
1,706,500
1,985,060
Creditors: amounts falling due after more than one year
-
(575)
Accruals and deferred income
(26,112)
(33,837)
1,680,388
1,950,648
Capital and reserves
Called up share capital
3
74,156
74,163
Share premium account
22,091
22,091
Revaluation reserve
-
88,529
Other reserves
3,738
3,745
Profit and loss account
1,580,403
1,762,120
Shareholders' funds
1,680,388
1,950,648
COTECH SENSITISING LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 June 2017
K. WILSON
Director
Company Registration No. 1422178
COTECH SENSITISING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Freehold buildings - Straight line over fifty years
Freehold land - Nil
Plant and machinery
10% Straight line
Fixtures, fittings & equipment
20% Straight line
Motor vehicles
20% Straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency 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 profit and loss account.
1.7
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
1.8
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
COTECH SENSITISING LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2015
1,848,603
25,513
1,874,116
Additions
16,842
-
16,842
Disposals
(729,492)
-
(729,492)
At 30 September 2016
1,135,953
25,513
1,161,466
Depreciation
At 1 October 2015
1,145,816
-
1,145,816
On disposals
(169,600)
-
(169,600)
Charge for the year
53,311
-
53,311
At 30 September 2016
1,029,527
-
1,029,527
Net book value
At 30 September 2016
106,426
25,513
131,939
At 30 September 2015
702,788
25,513
728,301
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Cotech Graphics Ltd
England & Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Cotech Graphics Ltd
Manufacture of plastic products
-
-
The wholly owned subsidinary, Cotech Graphics Ltd, company no.3762935, has ceased trading. The company is effectively dormant.
COTECH SENSITISING LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 5 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
148,312 Ordinary of 50p each
74,156
74,156
0 Ordinary class 2 of 1p each
-
7
74,156
74,163