Graham Roberts Plastics Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00956783 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1st July 2014 to 31st December 2014

for

GRAHAM ROBERTS PLASTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs P J Reddicliffe

M Goulding

SECRETARY:

Mrs P J Reddicliffe

REGISTERED OFFICE:

Unit 4

Robin Hood Industrial Estate

Alfred Street South (off Carlton Road)

Nottingham

Nottinghamshire

NG3 1GE

REGISTERED NUMBER:

00956783 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Tangible assets

2

5,493

9,907

CURRENT ASSETS

Stocks

123,582

99,101

Debtors

123,884

136,691

Cash at bank and in hand

55,141

75,237

302,607

311,029

CREDITORS

Amounts falling due within one year

99,462

93,886

NET CURRENT ASSETS

203,145

217,143

TOTAL ASSETS LESS CURRENT LIABILITIES

208,638

227,050

CREDITORS

Amounts falling due after more than one year

431,132

483,881

NET LIABILITIES

(222,494

)

(256,831

)

CAPITAL AND RESERVES

Called up share capital

3

30,000

30,000

Profit and loss account

(252,494

)

(286,831

)

SHAREHOLDERS' FUNDS

(222,494

)

(256,831

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 29th September 2015 and were signed on its behalf by:

M Goulding - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Going concern

These accounts have been prepared on the going concern basis as the company will continue to be supported

by its associated companies and any funding provided will not seek to be repaid until cash flow and

profitability permits such repayments.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

and 31st December 2014

80,451

DEPRECIATION

At 1st July 2014

70,544

Charge for period

4,414

At 31st December 2014

74,958

NET BOOK VALUE

At 31st December 2014

5,493

At 30th June 2014

9,907

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

30.6.14

value:

£

£

30,000

Ordinary

£1

30,000

30,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Graham Roberts Plastics Limited for the period ended 31st December 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Graham Roberts Plastics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graham Roberts Plastics Limited and state those matters that we have agreed to state to the Board of Directors of Graham Roberts Plastics Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graham Roberts Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graham Roberts Plastics Limited. You consider that Graham Roberts Plastics Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Graham Roberts Plastics

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

30th September 2015