Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

P.P.R. WIPAG LIMITED - Company Information

Print Friendly Version

P.P.R. WIPAG LIMITED

Company Registration Number:
02969783 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

P.P.R. WIPAG LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 535,524 587,959
Total fixed assets: 535,524 587,959
Current assets
Stocks: 56,138 63,250
Debtors: 296,044 253,810
Cash at bank and in hand: 40,395 83
Total current assets: 392,577 317,143
Creditors: amounts falling due within one year: ( 262,529 ) ( 281,935 )
Net current assets (liabilities): 130,048 35,208
Total assets less current liabilities: 665,572 623,167
Creditors: amounts falling due after more than one year: ( 287,248 ) ( 238,073 )
Provision for liabilities: ( 89,396 ) ( 65,985 )
Total net assets (liabilities): 288,928 319,109

The notes form part of these financial statements

P.P.R. WIPAG LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 288,828 319,009
Shareholders funds: 288,928 319,109

For the year ending 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 29 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Philip Edward West
Status: Director

The notes form part of these financial statements

P.P.R. WIPAG LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The Financial Statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities 2015. The accounts are prepared on the going concern basis and in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

    Turnover policy

    Turnover represents amounts receivable for goods and services net of Value Added Tax and trade discounts. In the year ended 31 March 2016 16.19% of turnover was to markets outside the United Kingdom (2015 7.16%)

    Tangible fixed assets depreciation policy

    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:
    Leasehold land and buildings 10% straight line
    Plant and Machinery 10% straight line / 20% straight line
    Motor Vehicles 25% straight line

    Valuation information and policy

    Stock and Work in Progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and overheads.

    Other accounting policies

    The company operates a defined contribution pension scheme for the benefit of the directors. Contributions are charged to the Profit and Loss Account in the year that they are payable.
    Deferred Taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The Deferred Tax balance has not been discounted.
    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 of exchange ruling at the date of the transaction. All differences are taken to the Profit and Loss Account.

P.P.R. WIPAG LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 998,394
    Additions: 48,045
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 1,046,439
    Depreciation
    01 April 2015: 410,435
    Charge for year: 100,480
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 510,915
    Net book value
    31 March 2016: 535,524
    31 March 2015: 587,959

P.P.R. WIPAG LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100