Graham Roberts Plastics Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00956783 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

GRAHAM ROBERTS PLASTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs P J Reddicliffe

M Goulding

SECRETARY:

Mrs P J Reddicliffe

REGISTERED OFFICE:

Unit 4

Robin Hood Industrial Estate

Alfred Street South (off Carlton Road)

Nottingham

Nottinghamshire

NG3 1GE

REGISTERED NUMBER:

00956783 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Tangible assets

2

3,969

5,493

CURRENT ASSETS

Stocks

175,565

123,582

Debtors

141,012

123,884

Cash at bank and in hand

45,223

55,141

361,800

302,607

CREDITORS

Amounts falling due within one year

87,093

99,462

NET CURRENT ASSETS

274,707

203,145

TOTAL ASSETS LESS CURRENT LIABILITIES

278,676

208,638

CREDITORS

Amounts falling due after more than one
year

440,409

431,132

NET LIABILITIES

(161,733

)

(222,494

)

CAPITAL AND RESERVES

Called up share capital

3

30,000

Profit and loss account

(191,733

)

(252,494

)

SHAREHOLDERS' FUNDS

(161,733

)

(222,494

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 28th September 2016 and were signed on its
behalf by:

M Goulding - 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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.

Going concern

These accounts have been prepared on the going concern basis as the company will continue to be supported

by its associated companies. The directors have obtained assurances from those associated companies that

any funding provided will not be repaid until cash flow and profitability permits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

80,451

DEPRECIATION

At 1st January 2015

74,958

Charge for year

1,524

At 31st December 2015

76,482

NET BOOK VALUE

At 31st December 2015

3,969

At 31st December 2014

5,493

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

30,000

Ordinary

£1

30,000