Company Registration No. 04769990 (England and Wales)
Plastics Limited
Unaudited accounts
for the year ended 31 May 2018
Plastics Limited
Unaudited accounts
Contents
Plastics Limited
Company Information
for the year ended 31 May 2018
Company Number
04769990 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2AP
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Plastics Limited
Statement of financial position
as at 31 May 2018
Cash at bank and in hand
1,363
1,343
Creditors: amounts falling due within one year
(436)
(2,386)
Net current assets
1,418
1,398
Called up share capital
120
100
Profit and loss account
1,398
1,398
Shareholders' funds
1,518
1,498
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 February 2019.
J M Salem
Director
Company Registration No. 04769990
Plastics Limited
Notes to the Accounts
for the year ended 31 May 2018
Plastics Limited is a private company, limited by shares, registered in England and Wales, registration number 04769990. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Investments
Other investments
Valuation at 1 June 2017
100
Valuation at 31 May 2018
100
The investment relates in full to the 100% ownership of the issued share capital in Vogue Plastics Machinery Limited, a company registered in England & Wales
Amounts due from group undertakings etc.
491
2,441
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2
2
Loans from directors
434
2,384
Plastics Limited
Notes to the Accounts
for the year ended 31 May 2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10 A Ordinary share of £1 each
10
-
10 B Ordinary Shares of £1 each
10
-
Shares issued during the period:
10 A Ordinary share of £1 each
10
10 B Ordinary Shares of £1 each
10
8
Transactions with related parties
Vogue Plastics Machinery Limited is a 100% owned subsidiary of Plastics Limited, during the year Vogue Plastics Machinery voted a dividend of £60,000 (2017 £60,000) to Plastics Limited
At the balance sheet date Plastics Limited was owed £491 ( 2017 £2,441 ) by Vogue Plastics Machinery Limited
The loan is subject to interest at a commercial rate and repayable upon demand
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
