Company Registration No. 02603287 (England and Wales)
RECON PACKAGING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
RECON PACKAGING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RECON PACKAGING LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
110,613
112,223
Current assets
Stocks
58,495
59,575
Debtors
983,189
947,277
Cash at bank and in hand
280,839
206,780
1,322,523
1,213,632
Creditors: amounts falling due within one year
(475,672)
(401,472)
Net current assets
846,851
812,160
Total assets less current liabilities
957,464
924,383
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
957,064
923,983
Shareholders' funds
957,464
924,383
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 November 2016
T W Cornforth
Director
Company Registration No. 02603287
RECON PACKAGING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
288,221
Additions
20,500
Disposals
(6,000)
At 30 June 2016
302,721
Depreciation
At 1 July 2015
176,008
Charge for the year
16,100
At 30 June 2016
192,108
Net book value
At 30 June 2016
110,613
At 30 June 2015
112,223
RECON PACKAGING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
400 Ordinary shares of £1 each
400
400
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