Company Registration No. SC234036 (Scotland)
John Wright Plastics Limited
Unaudited accounts
for the year ended 31 December 2016
John Wright Plastics Limited
Unaudited accounts
Contents
John Wright Plastics Limited
Company Information
for the year ended 31 December 2016
Company Number
SC234036 (Scotland)
Accountants
WBG Accounting Services
2 Church Street
Larkahll
ML9 1EU
John Wright Plastics Limited
Statement of financial position
as at 31 December 2016
Tangible assets
17,527
22,624
Cash at bank and in hand
168,100
93,434
Creditors: amounts falling due within one year
(342,643)
(235,899)
Net current assets
313,078
241,148
Net assets
330,605
263,772
Called up share capital
1
1
Profit and loss account
330,604
263,771
Shareholders' funds
330,605
263,772
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 June 2017.
J Wright
Director
Company Registration No. SC234036
John Wright Plastics Limited
Notes to the Accounts
for the year ended 31 December 2016
John Wright Plastics Limited is a private company, limited by shares, registered in Scotland, registration number SC234036.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2016
8,719
48,500
1,507
58,726
At 31 December 2016
8,719
48,500
2,048
59,267
At 1 January 2016
1,744
33,154
1,204
36,102
Charge for the year
1,393
3,836
409
5,638
At 31 December 2016
3,137
36,990
1,613
41,740
At 31 December 2016
5,582
11,510
435
17,527
At 31 December 2015
6,975
15,346
303
22,624
John Wright Plastics Limited
Notes to the Accounts
for the year ended 31 December 2016
Trade debtors
382,939
305,613
Other debtors
104,682
78,000
6
Creditors: amounts falling due within one year
2016
2015
Trade creditors
214,514
122,604
Corporation tax
17,288
14,447
Other taxes and social security costs
94,389
88,111
Other creditors
16,452
10,737
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2015: 2).
