Company Registration No. 08252288 (England and Wales)
POLYDRAIN CIVILS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
POLYDRAIN CIVILS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
POLYDRAIN CIVILS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
149,571
-
Current assets
Stocks
52,060
-
Debtors
154,563
-
Cash at bank and in hand
14,026
100
220,649
100
Creditors: amounts falling due within one year
(292,465)
-
Net current (liabilities)/assets
(71,816)
100
Total assets less current liabilities
77,755
100
Creditors: amounts falling due after more than one year
(34,035)
-
Provisions for liabilities
(9,148)
-
34,572
100
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
34,472
-
Shareholders' funds
34,572
100
POLYDRAIN CIVILS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial Year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 April 2015
Mr A Khan
Director
Company Registration No. 08252288
POLYDRAIN CIVILS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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:
Plant and machinery
- 15% reducing balance
No depreciation has been provided in the accounts as the directors consider that the current market value of the plant and machinery is equivalent to its cost.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
Additions
149,571
At 31 March 2015
149,571
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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