Resin Products Ltd - Period Ending 2014-03-31

Registration number: 06806221

Resin Products Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Resin Products Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Resin Products Ltd
(Registration number: 06806221)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Stocks					49,693			41,805
Debtors					32,297			44,081
Cash at bank and in hand					11,296			2,257
					93,286			88,143
Creditors: Amounts falling due within one year					(60,598)			(49,203)
Total assets less current liabilities					32,688			38,940
Creditors: Amounts falling due after more than one year					-			(27,000)
Net assets					32,688			11,940
Capital and reserves
Called up share capital		2			100			100
Share premium account					6,000			-
Profit and loss account					26,588			11,840
Shareholders' funds					32,688			11,940

For the year ending 31 March 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 13 August 2014 and signed on its behalf by:

......................................... PJ Goscombe Director

......................................... Y Toora Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Resin Products Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the average cost of purchase, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 2