Abbreviated Company Accounts - PLASTICS N'SOURCING LIMITED

PLASTICS N'SOURCING LIMITED - Company Information

04913249 PLASTICS N'SOURCING LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 04913249 2015-02-01 2016-01-31 04913249 2016-01-31 04913249 2015-01-31 04913249 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 04913249 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:Director3 2015-02-01 2016-01-31 uk-gaap-cd-bus:Director3 2016-01-31 uk-gaap-cd-bus:Director3 2015-01-31 uk-gaap-cd-bus:Director4 2015-02-01 2016-01-31 uk-gaap-cd-bus:Director4 2016-01-31 uk-gaap-cd-bus:Director4 2015-01-31 iso4217:GBP shares

Registered Number 04913249

PLASTICS N'SOURCING LIMITED

Abbreviated Accounts

31 January 2016

PLASTICS N'SOURCING LIMITED Registered Number 04913249

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	11,523	14,760
		11,523	14,760
Current assets
Stocks		1,125	1,050
Debtors		52,061	54,927
Cash at bank and in hand		38,206	38,287
		91,392	94,264
Creditors: amounts falling due within one year		(50,376)	(49,421)
Net current assets (liabilities)		41,016	44,843
Total assets less current liabilities		52,539	59,603
Creditors: amounts falling due after more than one year		(7,632)	(11,794)
Provisions for liabilities		(1,835)	(2,628)
Total net assets (liabilities)		43,072	45,181
Capital and reserves
Called up share capital		4	4
Profit and loss account		43,068	45,177
Shareholders' funds		43,072	45,181

For the year ending 31 January 2016 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 23 May 2016

And signed on their behalf by:
G Cotterill, Director
S Oakes, Director

PLASTICS N'SOURCING LIMITED Registered Number 04913249

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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

Tangible assets depreciation policy
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:

Office equipment 33% Straight Line
Plant and machinery 25% Straight Line
Fixtures and fittings 15% Straight Line
Motor vehicles 25% Straight Line

2Tangible fixed assets

	£
Cost
At 1 February 2015	33,266
Additions	2,792
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	36,058
Depreciation
At 1 February 2015	18,506
Charge for the year	6,029
On disposals	-
At 31 January 2016	24,535
Net book values
At 31 January 2016	11,523
At 31 January 2015	14,760

3Transactions with directors

Name of director receiving advance or credit:	G Cotterill
Description of the transaction:	Net Movement
Balance at 1 February 2015:	-
Advances or credits made:	£ 4,298
Advances or credits repaid:	-
Balance at 31 January 2016:	£ 4,298

Name of director receiving advance or credit:	S Oakes
Description of the transaction:	Net Movement
Balance at 1 February 2015:	-
Advances or credits made:	£ 3,722
Advances or credits repaid:	-
Balance at 31 January 2016:	£ 3,722

Included within other creditors are directors loan accounts of £4,298 (2015 - £2,281) in respect of G Cotterill and £3,722 (2015 - £1,072) in respect of S Oakes.

The loans are interest free and have no set repayment terms.