Gale Plastic Products Ltd,Ltd - AccountsLtd - Accounts

Gale Plastic Products Ltd,Ltd - AccountsLtd - Accounts

GALE PLASTIC PRODUCTS LIMITED - Company Information

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2020-04-01 07991488 2021-03-31 07991488 2020-04-01 2021-03-31 07991488 2020-03-31 07991488 2019-04-01 2020-03-31 07991488 uk-core:WithinOneYear 2020-03-31 07991488 uk-core:WithinOneYear 2021-03-31 07991488 uk-core:ShareCapital 2021-03-31 07991488 uk-core:ShareCapital 2020-03-31 07991488 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 07991488 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 07991488 uk-bus:Director1 2020-04-01 2021-03-31 07991488 uk-core:PlantMachinery 2020-04-01 2021-03-31 07991488 uk-core:AfterOneYear 2021-03-31 07991488 uk-core:AfterOneYear 2020-03-31 iso4217:GBP xbrli:pure 07991488 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 07991488 uk-bus:FRS102 2020-04-01 2021-03-31 07991488 uk-bus:FullAccounts 2020-04-01 2021-03-31 07991488 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
Gale Plastic Products Ltd
Registered Number:07991488
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2021
Gale Plastic Products Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07991488
As at 31 March 2021
Gale Plastic Products Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
194
243
2
194
243
Current assets
Inventories
12,660
11,013
3
Trade and other receivables
11,876
6,971
4
28,647
Cash and cash equivalents
49,667
67,651
53,183
Trade and other payables: amounts falling due within one
year
(20,255)
(19,618)
5
32,928
48,033
Net current assets
Total assets less current liabilities
48,227
33,171
48,227
Net assets
33,171
Capital and reserves
Called up share capital
4
4
Retained earnings
48,223
33,167
48,227
33,171
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr A Long Director
These financial statements were approved and authorised for issue by the Board on 20 December 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2021
Gale Plastic Products Ltd
Notes to the Financial Statements
Statutory Information
Gale Plastic Products Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07991488.
Registered address:
39 Ashcroft
Chard
Somerset
TA20 2JH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2020
1,449
At 31 March 2021
1,449
Provision for depreciation and impairment
At 01 April 2020
1,206
Charge for year
49
At 31 March 2021
1,255
At 31 March 2021
Net book value
194
At 31 March 2020
243
3. Inventories
2020
2021
£
£
Stocks
11,013
12,660
2 of 3
5
For the year ended 31 March 2021
Gale Plastic Products Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2020
2021
£
£
Trade debtors
6,381
11,261
Other debtors
590
615
11,876
6,971
The debtors above include the following amounts falling due after more than one year:
Other debtors
4
4
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
8,479
15,831
Taxation and social security
11,139
4,424
19,618
20,255
6. Average number of persons employed
During the year the average number of employees was 3 (2020 : 3)
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