ACCOUNTS - Final Accounts

PLASTIC KEG CO LIMITED - Company Information

Print Friendly Version

Registered number: 08790894

PLASTIC KEG CO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

PLASTIC KEG CO LIMITED

REGISTERED NUMBER: 08790894

BALANCE SHEET

AS AT 30 NOVEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		200		200
			200		200
Current assets
Cash at bank and in hand	5	1,979		1,979
		1,979		1,979
Creditors: amounts falling due within one year	6	(11,025)		(8,499)
Net current liabilities			(9,046)		(6,520)
Total assets less current liabilities			(8,846)		(6,320)

Net liabilities			(8,846)		(6,320)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(8,946)	(6,420)
	(8,846)	(6,320)

Page 1

PLASTIC KEG CO LIMITED

REGISTERED NUMBER: 08790894

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2022.

................................................

Mr J.P. Kelly

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

PLASTIC KEG CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

1.	General information

Plastic Keg Co Limited is a private company limited by shares, registered in the United Kingdom number 08790894. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP.
During the year, the principal activity of the company continued to be that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 3

PLASTIC KEG CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 December 2020	200
	At 30 November 2021	200

5.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	1,979	1,979
	1,979	1,979

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	2,481	2,581
Other creditors	6,929	4,678
Accruals and deferred income	1,615	1,240
	11,025	8,499

Page 4