Flowpack Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04081864 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

FLOWPACK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A P Gathercole

D P Gathercole

SECRETARY:

Mrs R L Gathercole

REGISTERED OFFICE:

64 Ferry Road

Clenchwarton

King's Lynn

Norfolk

PE34 4BT

REGISTERED NUMBER:

04081864 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Bank of Scotland

600 Gorgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Tangible assets

2

13,361

17,704

CURRENT ASSETS

Stocks

5,231

3,623

Debtors

37,582

10,221

Cash at bank

4,879

2,667

47,692

16,511

CREDITORS

Amounts falling due within one year

51,562

25,761

NET CURRENT LIABILITIES

(3,870

)

(9,250

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,491

8,454

PROVISIONS FOR LIABILITIES

2,620

3,500

NET ASSETS

6,871

4,954

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

6,771

4,854

SHAREHOLDERS' FUNDS

6,871

4,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 July 2015 and were signed on its behalf by:

A P Gathercole - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Workshop equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office/computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

37,451

Additions

112

At 31 October 2014

37,563

DEPRECIATION

At 1 November 2013

19,747

Charge for year

4,455

At 31 October 2014

24,202

NET BOOK VALUE

At 31 October 2014

13,361

At 31 October 2013

17,704

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

£1

100

100