Poppelmann Plastics UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05210607 (England and Wales)

Poppelmann Plastics UK Limited

Financial Statements for the Year Ended 31st December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Herr J Deters

Herr M Lesch

SECRETARY:

Herr M Lesch

REGISTERED OFFICE:

Regents Court

Princess Street

Hull

East Yorkshire

HU2 8BA

REGISTERED NUMBER:

05210607 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

28,773

48,985

CURRENT ASSETS

Debtors

5

23,845

5,953

Cash at bank

151,313

176,921

175,158

182,874

CREDITORS

Amounts falling due within one year

6

15,341

51,459

NET CURRENT ASSETS

159,817

131,415

TOTAL ASSETS LESS CURRENT LIABILITIES

188,590

180,400

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

168,590

160,400

188,590

180,400

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 16th September 2019 and were signed on its behalf by:

Herr J Deters - Director

Herr M Lesch - Director

1.	STATUTORY INFORMATION

Poppelmann Plastics UK Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

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.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

81,734

Disposals

(22,340

)

At 31st December 2018

59,394

DEPRECIATION

At 1st January 2018

32,749

Charge for year

12,020

Eliminated on disposal

(14,148

)

At 31st December 2018

30,621

NET BOOK VALUE

At 31st December 2018

28,773

At 31st December 2017

48,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

18,751

-

Other debtors

5,094

5,953

23,845

5,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

305

445

Amounts owed to group undertakings

-

38,180

Taxation and social security

8,585

9,369

Other creditors

6,451

3,465

15,341

51,459

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Overfield FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

8.	PENSION COMMITMENTS

The company contributes to a defined contribution pension scheme on behalf of its employees. The

charge for the year in respect of both current and former employees was £1,428 (2017 £1,073). The

amounts outstanding at the year end were £2,345 (2017 £1,251).

9.	RELATED PARTY DISCLOSURES

Pöppelmann GmbH & Co. KG

During the year, the company entered into numerous transactions made under normal commercial

terms with Pöppelmann GmbH & Co. KG, a member of the Pöppelmann Holding GmbH & Co. group

of companies.

During the year, the company was due sales commissions of £169,163 (2017 £179,143) and

purchases of £4,672 (2017 £Nil) from Pöppelmann GmbH & Co. KG.

Included in debtors (2017 - creditors) at the year end were the following amounts due to Pöppelmann

GmbH & Co. KG;

Net debtor/(creditor)

2018

2017

£

£

Amounts falling due within one year

18,751

(38,180

)

18,751

38,180

Pöppelmann Kunststoff-Technik GmbH & Co. KG

During the year, the company entered into numerous transactions made under normal commercial

terms with Pöppelmann Kunststoff-Technik GmbH & Co. KG, a member of the Pöppelmann Holding

GmbH & Co. group of companies.

During the year, the company was due sales commissions of £23,132 (2017 £34,490) and purchases

of £Nil (2017 £Nil) from Pöppelmann Kunststoff-Technik GmbH & Co. KG.

Included in creditors at the year end were the following amounts due to Pöppelmann

Kunststoff-Technik GmbH & Co. KG;

Net creditors

2018

2017

£

£

Amounts falling due within one year

-

-

-

-

10.	ULTIMATE CONTROLLING PARTY

No one individual controls the company.

11.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Popplemann Holding GmbH & Co KG, a limited company

registered in Germany.