PMG (Plastronic) Limited - Accounts to registrar - small 17.1

PMG (Plastronic) Limited - Accounts to registrar - small 17.1

PMG (PLASTRONIC) LIMITED - Company Information

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REGISTERED NUMBER: 03580148 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2016

for

PMG (PLASTRONIC) LIMITED

PMG (PLASTRONIC) LIMITED (REGISTERED NUMBER: 03580148)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PMG (PLASTRONIC) LIMITED

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mrs B Hayton
Mrs T Ackary





REGISTERED OFFICE: Avening
Priory Park
London Road
TETBURY
Gloucestershire
GL8 8HZ





REGISTERED NUMBER: 03580148 (England and Wales)





ACCOUNTANTS: Grosvenor House Practice Limited
Chartered Certified Accountants
Avening
Priory Park
London Road
TETBURY
Gloucestershire
GL8 8HZ
Page 1
PMG (PLASTRONIC) LIMITED (REGISTERED NUMBER: 03580148)

Abridged Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,485 19,344

CURRENT ASSETS
Stocks 349,415 377,901
Debtors 167,623 189,527
Cash at bank 109,709 190,901
626,747 758,329
CREDITORS
Amounts falling due within one year (350,063 ) (366,120 )
NET CURRENT ASSETS 276,684 392,209
TOTAL ASSETS LESS CURRENT
LIABILITIES
291,169
411,553

CREDITORS
Amounts falling due after more than one
year
5
(58,016
)
(133,109
)
NET ASSETS 233,153 278,444

CAPITAL AND RESERVES
Called up share capital 44 44
Retained earnings 233,109 278,400
SHAREHOLDERS' FUNDS 233,153 278,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
PMG (PLASTRONIC) LIMITED (REGISTERED NUMBER: 03580148)

Abridged Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 May 2017 and were signed on its
behalf by:




Mrs T Ackary - Director



Mrs B Hayton - Director


The notes form part of these financial statements

Page 3
PMG (PLASTRONIC) LIMITED (REGISTERED NUMBER: 03580148)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

PMG (Plastronic) Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been
enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

Page 4 continued...
PMG (PLASTRONIC) LIMITED (REGISTERED NUMBER: 03580148)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 115,341
DEPRECIATION
At 1 January 2016 95,997
Charge for year 4,859
At 31 December 2016 100,856
NET BOOK VALUE
At 31 December 2016 14,485
At 31 December 2015 19,344

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Other creditors 58,016 133,109

Page 5