Registered Number 04192916
ENDOTEC LIMITED
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
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 | 4 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
( |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant & machinery - 25% Reducing balance
Fixtures & fittings - 25% Reducing balance
Motor vehicles - 25% Reducing balance
Land & buildings - 10% Reducing balance
Other accounting policies
Going concern - The financial statements have been prepared on a going concern basis.
Stock and work in progress - Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax - Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Hire purchase and leasing - Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within
creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
Pensions - The company contributes to certain employees personal pension schemes in accordance with statutory automatic enrolment legislation outlined under the the Pensions Act 2008. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
( |
At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 155,578 |
At 31 December 2014 | 135,830 |
3Fixed assets Investments
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
MH Pneumatics Limited: 50,000 Ordinary shares (being 100%). Principal Activity: Compressed air specialists. The profit for the financial period of MH Pneumatics Limited was £4,021 and the aggregate amount of capital and reserves at the end of the period was £54,674.
2015
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2014
£ |
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Secured Debts |
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