Cotswold Packaging Group Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 02868549

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Cotswold Packaging Group Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Ellison

Mrs H P Ellison

N C Ellison

D M Wadsworth

B J R Ellison

SECRETARY:

Mrs H P Ellison

REGISTERED OFFICE:

Westmead Drive

Westmead Industrial Estate

Swindon

Wiltshire

SN5 7YT

REGISTERED NUMBER:

02868549

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

529,417

530,243

Investments

3

200

529,617

530,443

CURRENT ASSETS

Stocks

90,345

86,474

Debtors

401,659

345,939

Cash at bank and in hand

143,428

81,835

635,432

514,248

CREDITORS

Amounts falling due within one year

365,368

329,693

NET CURRENT ASSETS

270,064

184,555

TOTAL ASSETS LESS CURRENT
LIABILITIES

799,681

714,998

PROVISIONS FOR LIABILITIES

883

428

NET ASSETS

798,798

714,570

CAPITAL AND RESERVES

Called up share capital

4

301

Revaluation reserve

148,399

Profit and loss account

650,098

565,870

SHAREHOLDERS' FUNDS

798,798

714,570

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 14 October 2016 and were signed on its
behalf by:

D Ellison - Director

Mrs H P Ellison - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

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

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost and 15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

596,071

Additions

282

At 31 March 2016

596,353

DEPRECIATION

At 1 April 2015

65,828

Charge for year

1,108

At 31 March 2016

66,936

NET BOOK VALUE

At 31 March 2016

529,417

At 31 March 2015

530,243

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

200

NET BOOK VALUE

At 31 March 2016

200

At 31 March 2015

200

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Cotswold Film Converters Ltd

Nature of business: Marketing of stretch film packaging

%

Class of shares:

holding

Ordinary £1

100.00

Cotswold Static Control Products Ltd

Nature of business: Marketing of static control products

%

Class of shares:

holding

Ordinary £1

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

NIL

Ordinary

£1

-

301

(31.3.15 - 301
)

81

Ordinary A

£1

81

-

84

Ordinary B

£1

84

-

10

Ordinary C

£1

10

-

24

Ordinary D

£1

24

-

34

Ordinary E

£1

34

-

34

Ordinary F

£1

34

-

34

Ordinary G

£1

34

-

301