PNP_PACKAGING_SERVICES_LI - Accounts

P.N.P. PACKAGING SERVICES LIMITED - Company Information

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PNP PACKAGING SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Company Registration No. 02728530 (England and Wales)

PNP PACKAGING SERVICES LIMITED

COMPANY INFORMATION

Directors

Paul Robinson

Nicholas Robinson

Secretary

Paul Robinson

Company number

02728530

Registered office

Carlton House

Grammar School Street

Bradford

BD1 4NS

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Business address

Unit 6

GB Business Park

Cutler Heights Lane

Bradford

BD4 9HX

Bankers

Barclays Bank plc

10 Market Street

Bradford

BD1 1EG

PNP PACKAGING SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PNP PACKAGING SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,372

9,899

Current assets

Debtors

160,256

167,955

Cash at bank and in hand

57,360

55,987

217,616

223,942

Creditors: amounts falling due within one year

(202,839)

(208,727)

Net current assets

14,777

15,215

Total assets less current liabilities

27,149

25,114

Provisions for liabilities

(1,919)

(1,303)

25,230

23,811

Capital and reserves

Called up share capital

100

Profit and loss account

25,130

23,711

Shareholders' funds

25,230

23,811

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 27 April 2016

Paul Robinson

Director

Company Registration No. 02728530

PNP PACKAGING SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 August 2014

93,492

Additions

4,415

At 31 July 2015

97,907

Depreciation

At 1 August 2014

83,593

Charge for the year

1,942

At 31 July 2015

85,535

Net book value

At 31 July 2015

12,372

At 31 July 2014

9,899

PNP PACKAGING SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Nicholas Robinson - Loan

(18,012)

19,600

16,916

(15,328)

Paul Robinson - Loan

(18,012)

20,400

17,716

(15,328)

(36,024)

40,000

34,632

(30,656)