Abbreviated Company Accounts - CROMWELL PLASTICS LIMITED

CROMWELL PLASTICS LIMITED - Company Information

Registered Number 01082373

CROMWELL PLASTICS LIMITED

Abbreviated Accounts

31 January 2015

CROMWELL PLASTICS LIMITED Registered Number 01082373

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,008	1,780
		8,008	1,780
Current assets
Stocks		44,863	18,000
Debtors		193,533	188,165
Cash at bank and in hand		110,278	41,089
		348,674	247,254
Creditors: amounts falling due within one year		(208,250)	(105,958)
Net current assets (liabilities)		140,424	141,296
Total assets less current liabilities		148,432	143,076
Provisions for liabilities		(777)	(777)
Total net assets (liabilities)		147,655	142,299
Capital and reserves
Called up share capital		100	100
Profit and loss account		147,555	142,199
Shareholders' funds		147,655	142,299

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 October 2015

And signed on their behalf by:
I J Davies, Director

CROMWELL PLASTICS LIMITED Registered Number 01082373

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consists of the invoiced value (excluding VAT) for goods and services supplied to third parties.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at rates calculated to reduce the balance sheet value to the estimated residual value of each asset, over it's expected life. The rates used are:
Plant and Equipment - 25% on net book value
Fixtures and Fittings - 25% on net book value

2Tangible fixed assets

	£
Cost
At 1 February 2014	79,011
Additions	8,280
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	87,291
Depreciation
At 1 February 2014	77,231
Charge for the year	2,052
On disposals	-
At 31 January 2015	79,283
Net book values
At 31 January 2015	8,008
At 31 January 2014	1,780