Polyportables Limited - Limited company - abbreviated

REGISTERED NUMBER: 03304051

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Polyportables Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R J Philpot

T G Hyde

M V Kempthorne

A W Houchen

SECRETARY:

T G Hyde

REGISTERED OFFICE:

Unit 22 Hartlebury Trading Estate

Crown Lane

Hartlebury

Worcestershire

DY10 4JB

REGISTERED NUMBER:

03304051

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Lloyds TSB Plc

130 High Street

Cheltenham

Gloucestershire

GL50 1EW

FIXED ASSETS

Tangible assets

2

511

-

CURRENT ASSETS

Stocks

43,501

50,236

Debtors

172,900

157,853

Cash at bank

5,508

31,842

221,909

239,931

CREDITORS

Amounts falling due within one year

61,569

131,754

NET CURRENT ASSETS

160,340

108,177

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,851

108,177

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

160,751

108,077

SHAREHOLDERS' FUNDS

160,851

108,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 26 August 2015 and were signed on its
behalf by:

R J Philpot - 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items. Goods received on consignment from suppliers is reflected as balance sheet

stock and the corresponding liability is recognised within creditors.

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 April 2014

2,398

Additions

613

At 31 March 2015

3,011

DEPRECIATION

At 1 April 2014

2,398

Charge for year

102

At 31 March 2015

2,500

NET BOOK VALUE

At 31 March 2015

511

At 31 March 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary Shares

£1

100

4.	ULTIMATE PARENT COMPANY

The ultimate holding company is Andy Loos Limited a company registered in England.

Polyportables Limited - Limited company - abbreviated - 11.6

Polyportables Limited - Limited company - abbreviated - 11.6