H.M.T. Plastics Limited - Accounts to registrar (filleted) - small 18.2
H.M.T. Plastics Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
H.M.T. Plastics Limited |
Unaudited Financial Statements for the Year Ended 31 August 2018 |
H.M.T. Plastics Limited (Registered number: 01257992) |
Contents of the Financial Statements |
for the Year Ended 31 August 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
H.M.T. Plastics Limited |
Company Information |
for the Year Ended 31 August 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Atlantic House |
8 Bell Lane |
Bellbrook Industrial Estate |
Uckfield |
East Sussex |
TN22 1QL |
H.M.T. Plastics Limited (Registered number: 01257992) |
Balance Sheet |
31 August 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
H.M.T. Plastics Limited (Registered number: 01257992) |
Balance Sheet - continued |
31 August 2018 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
H.M.T. Plastics Limited (Registered number: 01257992) |
Notes to the Financial Statements |
for the Year Ended 31 August 2018 |
1. | STATUTORY INFORMATION |
H.M.T. Plastics Limited is a |
company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents revenue, net of VAT, from commercial transactions under which the company |
supplies customers the goods that it is in business to provide and it is recognised when it obtains, |
through performance under contract, the right to consideration for those services. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
H.M.T. Plastics Limited (Registered number: 01257992) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
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 transaction. Exchange differences are taken into account in arriving |
at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
H.M.T. Plastics Limited (Registered number: 01257992) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 September 2017 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2018 |
DEPRECIATION |
At 1 September 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2018 |
NET BOOK VALUE |
At 31 August 2018 |
At 31 August 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
H.M.T. Plastics Limited (Registered number: 01257992) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Mr & Mrs Mears |
During the year the company advanced the directors £699 (2017: £2,000) and £1,166 (2017: £2,699) |
was repaid. At the year end £1,166 (2017: £699) was due to the directors. |
This balance is interest free, unsecured and repayable on demand. |