Registered Number 02920251
D B THERMAL INSULATION LIMITED
Abbreviated Accounts
31 July 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
( |
( |
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates, calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following bases :
Office equipment 20% on reducing balance
Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Other accounting policies
Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method, only to the extent that, in the opinion of the management, there is a reasonable probability that a liability or asset will crystalise in the near future.
Pension costs
The company operates a defined contribution pension scheme for the benefit of the directors. Contributions to the scheme are charged to the profit and loss account in the accounting period in which they are paid.
£ | |
---|---|
Cost | |
At 1 August 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2016 |
|
Depreciation | |
At 1 August 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 July 2016 |
|
Net book values | |
At 31 July 2016 | 1,058 |
At 31 July 2015 | 1,322 |
2016
£ |
2015
£ |
|
---|---|---|
Secured Debts |
|
|
5 Transactions with directors
Name of director receiving advance or credit: |
|
|
---|---|---|
Description of the transaction: |
|
|
Balance at 1 August 2015: | £ |
|
Advances or credits made: | £ |
|
Advances or credits repaid: | £ |
|
Balance at 31 July 2016: | £ |