Abbreviated Company Accounts - SEGRAPAK LTD

Registered Number 06503765

SEGRAPAK LTD

Abbreviated Accounts

28 August 2015

SEGRAPAK LTD Registered Number 06503765

Abbreviated Balance Sheet as at 28 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	49,765	53,355
Tangible assets	3	2,126	2,501
		51,891	55,856
Current assets
Cash at bank and in hand		1	1
		1	1
Creditors: amounts falling due within one year		(55,974)	(55,343)
Net current assets (liabilities)		(55,973)	(55,342)
Total assets less current liabilities		(4,082)	514
Total net assets (liabilities)		(4,082)	514
Capital and reserves
Called up share capital		66,000	66,000
Profit and loss account		(70,082)	(65,486)
Shareholders' funds		(4,082)	514

For the year ending 28 August 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 26 May 2016

And signed on their behalf by:
D S Lambert, Director
P J Harding, Director

SEGRAPAK LTD Registered Number 06503765

Notes to the Abbreviated Accounts for the period ended 28 August 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 represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Intangible assets amortisation policy
Amortisation has been provided for over the length of the patent which is 20 years from October 2007. This is deemed by the directors to be shorter than their expected economic life.

2Intangible fixed assets

	£
Cost
At 29 August 2014	59,844
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 August 2015	59,844
Amortisation
At 29 August 2014	6,489
Charge for the year	3,590
On disposals	-
At 28 August 2015	10,079
Net book values
At 28 August 2015	49,765
At 28 August 2014	53,355

3Tangible fixed assets

	£
Cost
At 29 August 2014	6,781
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 August 2015	6,781
Depreciation
At 29 August 2014	4,280
Charge for the year	375
On disposals	-
At 28 August 2015	4,655
Net book values
At 28 August 2015	2,126
At 28 August 2014	2,501