COLESHILL_PLASTICS_LIMITE - Accounts

COLESHILL PLASTICS LIMITED - Company Information

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Company Registration No. 02597705 (England and Wales)

COLESHILL PLASTICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2014

COLESHILL PLASTICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

COLESHILL PLASTICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

92,635

102,600

Investments

11,000

103,635

113,600

Current assets

Stocks

499,752

437,797

Debtors

466,031

402,208

Cash at bank and in hand

2,241

640

968,024

840,645

Creditors: amounts falling due within one year

(755,646)

(682,303)

Net current assets

212,378

158,342

Total assets less current liabilities

316,013

271,942

Creditors: amounts falling due after more than one year

(314,903)

(378,924)

1,110

(106,982)

Capital and reserves

Called up share capital

350,000

210,000

Share premium account

15,686

Other reserves

30,000

Profit and loss account

(394,576)

(362,668)

Shareholders' funds

1,110

(106,982)

COLESHILL PLASTICS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2014

- 2 -

For the financial period ended 31 July 2014 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 period 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 17 October 2014

Mr M.R. Pilley

Director

Company Registration No. 02597705

COLESHILL PLASTICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JULY 2014

- 3 -

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 April 2008).

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

17.% & 20% reducing balance

Fixtures, fittings & equipment

17.5% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period they are payable.

1.8

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

COLESHILL PLASTICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 JULY 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 February 2013

1,523,348

11,000

1,534,348

Additions

16,725

At 31 July 2014

1,540,073

11,000

1,551,073

Depreciation

At 1 February 2013

1,420,748

Charge for the period

26,690

At 31 July 2014

1,447,438

Net book value

At 31 July 2014

92,635

11,000

103,635

At 31 January 2013

102,600

11,000

113,600

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Melamaster (GB) Limited

England

Ordinary

100.00

Picture Products Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Melamaster (GB) Limited

Dormant

10,000

Picture Products Limited

Dormant

1,000

COLESHILL PLASTICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 JULY 2014

- 5 -

Share capital

2014

2013

Allotted, called up and fully paid

350,000 Ordinary of £1 each

350,000

210,000

During the year 140,000 ordinary shares of £1 each were allotted and fully paid at par for cash consideration.