REGISTERED NUMBER:
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TECTONIC INTERNATIONAL LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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REGISTERED NUMBER:
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TECTONIC INTERNATIONAL LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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TECTONIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 03696680) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
TECTONIC INTERNATIONAL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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TECTONIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 03696680) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
TECTONIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 03696680) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
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The financial statements were approved by the Board of Directors on
by: |
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TECTONIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 03696680) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
The turnover shown in the profit and loss account represents income receivable during the year, exclusive of |
Value Added Tax, in respect of the design and manufacture of web printing press inspection systems. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet |
and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be |
the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. |
Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and |
subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be |
recoverable. |
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Amortisation |
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
economic life of that asset as follows: |
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Goodwill 5% straight line |
Development costs 20% straight line |
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Fixed assets |
All fixed assets are initially recorded at cost. |
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Depreciation |
Depreciation is calculated so as to write off an asset, less its estimated residual value,over the useful economic |
life of that asset as follows: |
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Freehold property | -over 50 years |
Plant and machinery | -25% on reducing balance |
Fixtures & fittings | -25% on reducing balance |
Computer equipment | -25% on reducing balance |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. |
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Research and development |
Research and development expenditure which is regarded as part of a continuing operation required to maintain |
the company's business and it's competitive position, is written off when incurred. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to the profit and loss account in the period to which they relate. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. |
TECTONIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 03696680) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES - continued |
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Government grants |
Government grants of a revenue nature are credited to the profit and loss account in the period to which they |
relate. Government grants made as a contribution towards expenditure on fixed assets are treated as deferred |
income and amortised in line with the fixed asset to which it relates. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2014 |
and 31 December 2014 |
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AMORTISATION |
At 1 January 2014 |
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Amortisation for year |
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At 31 December 2014 |
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NET BOOK VALUE |
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At 31 December 2014 |
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At 31 December 2013 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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