Abbreviated Company Accounts - GREYLAND PLASTICS LIMITED

Abbreviated Company Accounts - GREYLAND PLASTICS LIMITED

GREYLAND PLASTICS LIMITED - Company Information

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Registered Number 02759449

GREYLAND PLASTICS LIMITED

Abbreviated Accounts

31 March 2016

GREYLAND PLASTICS LIMITED Registered Number 02759449

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,631 9,706
4,631 9,706
Current assets
Stocks 32,412 21,951
Debtors 35,388 53,221
Cash at bank and in hand 71,707 65,594
139,507 140,766
Creditors: amounts falling due within one year (105,721) (87,974)
Net current assets (liabilities) 33,786 52,792
Total assets less current liabilities 38,417 62,498
Total net assets (liabilities) 38,417 62,498
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,415 62,496
Shareholders' funds 38,417 62,498
  • For the year ending 31 March 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 9 August 2016

And signed on their behalf by:
Mr W D Newman, Director

GREYLAND PLASTICS LIMITED Registered Number 02759449

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

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective
2015).

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Plant and Machinery: 33% Straight Line
Motor Vehicles: 25% Straight Line
Office Equipment: 10% Straight Line
Computer Equipment: 33% Straight Line

2Tangible fixed assets
£
Cost
At 1 April 2015 24,452
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 24,452
Depreciation
At 1 April 2015 14,746
Charge for the year 5,075
On disposals -
At 31 March 2016 19,821
Net book values
At 31 March 2016 4,631
At 31 March 2015 9,706