Abbreviated Company Accounts - PURLEY PLASTICS LIMITED

PURLEY PLASTICS LIMITED - Company Information

08647366 PURLEY PLASTICS LIMITED 2014-08-31 false 2013-08-12 2014-08-31 true 08647366 2013-08-12 2014-08-31 08647366 2014-08-31 08647366 uk-gaap-cd-bus:Director1 2013-08-12 2014-08-31 08647366 uk-gaap-cd-bus:Director2 2013-08-12 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-12 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08647366

PURLEY PLASTICS LIMITED

Abbreviated Accounts

31 August 2014

PURLEY PLASTICS LIMITED Registered Number 08647366

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	24,000
Tangible assets	3	44,431
		68,431
Current assets
Stocks		9,675
Debtors		48,023
Cash at bank and in hand		25,663
		83,361
Creditors: amounts falling due within one year		(89,465)
Net current assets (liabilities)		(6,104)
Total assets less current liabilities		62,327
Provisions for liabilities		(6,530)
Total net assets (liabilities)		55,797
Capital and reserves
Called up share capital	4	100
Profit and loss account		55,697
Shareholders' funds		55,797

For the year ending 31 August 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 May 2015

And signed on their behalf by:
D Fendley, Director

PURLEY PLASTICS LIMITED Registered Number 08647366

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 20% straight line basis

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Intangible fixed assets

	£
Cost
Additions	30,000
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	30,000
Amortisation
Charge for the year	6,000
On disposals	-
At 31 August 2014	6,000
Net book values
At 31 August 2014	24,000

3Tangible fixed assets

	£
Cost
Additions	55,539
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	55,539
Depreciation
Charge for the year	11,108
On disposals	-
At 31 August 2014	11,108
Net book values
At 31 August 2014	44,431

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100