Abbreviated Company Accounts - CROMWELL PLASTICS LIMITED

CROMWELL PLASTICS LIMITED - Company Information

Registered Number 01082373

CROMWELL PLASTICS LIMITED

Abbreviated Accounts

31 January 2016

CROMWELL PLASTICS LIMITED Registered Number 01082373

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	56,196	21,997
		56,196	21,997
Current assets
Stocks		118,900	74,863
Debtors		105,058	192,066
Cash at bank and in hand		157,593	110,278
		381,551	377,207
Net current assets (liabilities)		381,551	377,207
Total assets less current liabilities		437,747	399,204
Creditors: amounts falling due after more than one year		(305,214)	(234,133)
Provisions for liabilities		-	(777)
Total net assets (liabilities)		132,533	164,294
Capital and reserves
Called up share capital		100	100
Profit and loss account		132,433	164,194
Shareholders' funds		132,533	164,294

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 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 4 March 2016

And signed on their behalf by:
I J Davies, Director

CROMWELL PLASTICS LIMITED Registered Number 01082373

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consists of the invoiced value (excluding VAT) for goods and services supplied to third parties.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at rates calculated to reduce the balance sheet value to the estimated residual value of each asset, over it's expected life. The rates used are:
Plant and Equipment - 25% on net book value
Fixtures and Fittings - 25% on net book value

2Intangible fixed assets

	£
Cost
At 1 February 2015	108,641
Additions	51,710
Disposals	(78,071)
Revaluations	-
Transfers	-
At 31 January 2016	82,280
Amortisation
At 1 February 2015	86,644
Charge for the year	10,086
On disposals	(70,646)
At 31 January 2016	26,084
Net book values
At 31 January 2016	56,196
At 31 January 2015	21,997