Protool Plastics Group Limited - Accounts to registrar (filleted) - small 18.2
Protool Plastics Group Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2019 |
for |
Protool Plastics Group Limited |
Protool Plastics Group Limited (Registered number: 06812549) |
Contents of the Financial Statements |
for the Year Ended 31 October 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Protool Plastics Group Limited |
Company Information |
for the Year Ended 31 October 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Abacus House |
Pennine Business Park |
Longbow Close |
Huddersfield |
West Yorkshire |
HD2 1GQ |
Protool Plastics Group Limited (Registered number: 06812549) |
Balance Sheet |
31 October 2019 |
31.10.19 | 31.10.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
Protool Plastics Group Limited (Registered number: 06812549) |
Notes to the Financial Statements |
for the Year Ended 31 October 2019 |
1. | STATUTORY INFORMATION |
Protool Plastics Group Limited is a |
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 |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
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. |
3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 November 2018 |
and 31 October 2019 |
NET BOOK VALUE |
At 31 October 2019 |
At 31 October 2018 |
Protool Plastics Group Limited (Registered number: 06812549) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2019 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
31.10.19 | 31.10.18 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
31.10.19 | 31.10.18 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.19 | 31.10.18 |
£ | £ |
Amounts owed by associates |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.19 | 31.10.18 |
£ | £ |
Amounts owed to associates | 12,106 | 11,194 |
6. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £413,332 (2018 - £213,332) were paid to the directors . |
During the year, the company received dividends of £513,332 (2018 - £273,332) from Protool Plastic |
Components Ltd. At the balance sheet date, the company owed Protool Plastic Components Ltd |
£12,106 (2018 - £11,195). Protool Plastics Group Ltd owns 100% of the shares in Protool Plastic |
Components Ltd. |
During the year, the company received dividends of £39,434 (2018 - £Nil) from Protool Precision |
Plastics Ltd.At the balance sheet date, the company was owed £56,566 (2018 - £56,566) by Protool |
Precision Plastics Ltd. Protool Plastics Group Ltd owns 100% of the shares in Protool Precision |
Plastics Ltd. |