SPANLITE_POLYLITE_LIMITED - Accounts

SPANLITE INTERNATIONAL LIMITED - Company Information

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Company Registration No. 05374761 (England and Wales)

SPANLITE POLYLITE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

SPANLITE POLYLITE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPANLITE POLYLITE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,715

958

Current assets

Debtors

48,412

102,241

Cash at bank and in hand

190

14,901

48,602

117,142

Creditors: amounts falling due within one year

(85,434)

(118,654)

Net current liabilities

(36,832)

(1,512)

Total assets less current liabilities

(35,117)

(554)

Capital and reserves

Called up share capital

Profit and loss account

(35,119)

(556)

Shareholders' funds

(35,117)

(554)

For the financial year ended 30 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 29 December 2016

Mr A Bowker

Director

Company Registration No. 05374761

SPANLITE POLYLITE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

- 2 -

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).

The accounts have been prepared on a going concern basis on the assumptions that the company receives continued support from its creditors and bankers.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Computer equipment

33% straight line

Fixtures, fittings & equipment

33% straight line

Motor vehicles

25% reducing balance

1.4

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.

Fixed assets

Tangible assets

Cost

At 31 March 2015

8,009

Additions

1,800

Disposals

(400)

At 30 March 2016

9,409

Depreciation

At 31 March 2015

7,053

On disposals

(175)

Charge for the year

816

At 30 March 2016

7,694

Net book value

At 30 March 2016

1,715

At 30 March 2015

958

SPANLITE POLYLITE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary shares Class A of £1 each

1 Ordinary shares Class B of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr D N Oliver - Loan

25,256

(26,883)

(1,627)

Mr A Bowker - Loan

(12,800)

(16,550)

12,811

(16,539)

12,456

(43,433)

12,811

(18,166)