Abbreviated Company Accounts - CROMWELL PLASTICS LIMITED

CROMWELL PLASTICS LIMITED - Company Information

Registered Number 01082373

CROMWELL PLASTICS LIMITED

Abbreviated Accounts

31 January 2014

CROMWELL PLASTICS LIMITED Registered Number 01082373

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,780	2,236
		1,780	2,236
Current assets
Stocks		18,000	78,915
Debtors		189,039	231,300
Cash at bank and in hand		41,089	54,741
		248,128	364,956
Creditors: amounts falling due within one year		(80,957)	(202,286)
Net current assets (liabilities)		167,171	162,670
Total assets less current liabilities		168,951	164,906
Provisions for liabilities		(777)	(777)
Total net assets (liabilities)		168,174	164,129
Capital and reserves
Called up share capital		100	100
Profit and loss account		168,074	164,029
Shareholders' funds		168,174	164,129

For the year ending 31 January 2014 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.

Approved by the Board on 24 October 2014

And signed on their behalf by:
I J Davies, Director

CROMWELL PLASTICS LIMITED Registered Number 01082373

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consists of the invoiced value (excluding VAT) for goods and services supplied to third parties.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at rates calculated to reduce the balance sheet value to the estimated residual value of each asset, over it's expected life. The rates used are:
Plant and Equipment - 25% on net book value
Fixtures and Fittings - 25% on net book value

2Tangible fixed assets

	£
Cost
At 1 February 2013	79,011
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	79,011
Depreciation
At 1 February 2013	76,775
Charge for the year	456
On disposals	-
At 31 January 2014	77,231
Net book values
At 31 January 2014	1,780
At 31 January 2013	2,236