Logiplast Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09537464 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Logiplast Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D R Berridge

REGISTERED OFFICE:

Harborough Innovation Centre

Airfield Business Park

Leicester Road

Market Harborough

Leicestershire

LE16 7WB

REGISTERED NUMBER:

09537464 (England and Wales)

ACCOUNTANTS:

Edward Thomas Peirson & Sons

Chartered Accountants

21 The Point

Rockingham Road

Market Harborough

Leicestershire

LE16 7NU

CURRENT ASSETS

Debtors

5

683

1,974

Cash at bank

1,828

6,806

2,511

8,780

CREDITORS

Amounts falling due within one year

6

7,282

31,424

NET CURRENT LIABILITIES

(4,771

)

(22,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,771

)

(22,644

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(4,871

)

(22,744

)

SHAREHOLDERS' FUNDS

(4,771

)

(22,644

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director on 20 January 2020 and were signed by:

D R Berridge - Director

1.	STATUTORY INFORMATION

Logiplast 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and on the going concern basis,

which presumes that the company will continuing in operational existence for the foreseeable future,

notwithstanding that it had both net and net current liabilities of £4,771 at 30 April 2019. The director believes

this basis to be appropriate as the liabilities include an aggregate of £6,089, which is owed to him personally and

to another company which he controls. He intends to continue to make available these and such other funds as

are necessary to enable the company to continue to trade and meet its liabilities as they fall due.

Turnover

Turnover is the amount receivable by the company in the year for the provision of goods and services falling

within its ordinary activities. Turnover from the sale of goods is recognised on delivery and turnover from the

provision of services is recognised when the company has obtained the right to consideration through its

performance.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

-

1,324

Other debtors

683

650

683

1,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

33

200

Social security and other taxes

21

87

Other creditors

6,004

30,000

Directors' current accounts

85

85

Accruals and deferred income

1,139

1,052

7,282

31,424

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary

£1

100

100