Accounts filed on 31-01-2016

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			Company registration number:06684374
		PLASCLIP LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 January 2016

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PLASCLIP LIMITED
BALANCE SHEET
AS AT 31 January 2016
			2016				2015
		Notes	£		£		£		£
CURRENT ASSETS
Debtors			696				392
Cash at bank and in hand			1,007				796
			1,703				1,188
CREDITORS
Amounts falling due within one year			(8,253)				(7,379)
NET CURRENT ASSETS					(6,550)				(6,191)
TOTAL ASSETS LESS
CURRENT LIABILITIES					(6,550)				(6,191)
NET ASSETS					(6,550)				(6,191)
CAPITAL AND RESERVES
Called-up equity share capital		2			200				200
Profit and loss account					(6,750)				(6,391)
SHAREHOLDERS FUNDS					(6,550)				(6,191)
For the year ending 31 January 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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G O'Neill
26 October 2016
The annexed notes form part of these financial statements.

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PLASCLIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts. Income is recognised on the dispatch of goods.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

2.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				200	200
	Total issued share capital				200	200
3.	Ultimate controlling party
	The controlling party is G O'Neill, by virtue of his 100% shareholding.