Empack Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08524384 (England and Wales)

Empack Limited

Abbreviated Unaudited Accounts for the Year Ended 31st May 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J A Wood

N J Wood

REGISTERED OFFICE:

12 Northumberland Avenue

Atwick Road

Hornsea

East Yorkshire

HU18 1EQ

REGISTERED NUMBER:

08524384 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

2

12,114

15,267

CURRENT ASSETS

Stocks

2,293

3,172

Debtors

41,144

14,334

Cash at bank

6,754

7,886

50,191

25,392

CREDITORS

Amounts falling due within one year

12,071

9,182

NET CURRENT ASSETS

38,120

16,210

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,234

31,477

PROVISIONS FOR LIABILITIES

2,422

3,053

NET ASSETS

47,812

28,424

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

47,712

28,324

SHAREHOLDERS' FUNDS

47,812

28,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2nd February 2017 and were signed on its behalf
by:

N J Wood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

16,519

Additions

200

At 31st May 2016

16,719

DEPRECIATION

At 1st June 2015

1,252

Charge for year

3,353

At 31st May 2016

4,605

NET BOOK VALUE

At 31st May 2016

12,114

At 31st May 2015

15,267

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100