The Plastic Fan Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00564679 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

The Plastic Fan Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C G Hale

Mrs A D Hale

SECRETARY:

C G Hale

REGISTERED OFFICE:

Unit Z

Hamstead Industrial Estate, Austin Way

Great Barr

Birmingham

West Midlands

B42 1DU

REGISTERED NUMBER:

00564679 (England and Wales)

FIXED ASSETS

Tangible assets

2

22,177

17,325

CURRENT ASSETS

Stocks

3,800

3,500

Debtors

249,236

216,200

Cash at bank

514,403

247,631

767,439

467,331

CREDITORS

Amounts falling due within one year

297,528

117,946

NET CURRENT ASSETS

469,911

349,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

492,088

366,710

PROVISIONS FOR LIABILITIES

2,920

3,638

NET ASSETS

489,168

363,072

CAPITAL AND RESERVES

Called up share capital

3

2,000

Profit and loss account

487,168

361,072

SHAREHOLDERS' FUNDS

489,168

363,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 July 2016 and were signed on its behalf by:

C G Hale - 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 January 2015).

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 each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

96,137

Additions

11,240

At 31 March 2016

107,377

DEPRECIATION

At 1 April 2015

78,812

Charge for year

6,388

At 31 March 2016

85,200

NET BOOK VALUE

At 31 March 2016

22,177

At 31 March 2015

17,325

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,500

Ordinary A shares

£1

1,500

500

Ordinary B shares

£1

500

2,000

4.	ULTIMATE PARENT COMPANY

CG Hale Holdings Limited is regarded by the directors as being the company's ultimate parent company.