Graham Roberts Plastics Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00956783 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2016

for

GRAHAM ROBERTS PLASTICS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P J Reddicliffe

M Goulding

SECRETARY:

Mrs P J Reddicliffe

REGISTERED OFFICE:

Unit 4

Robin Hood Industrial Estate

Alfred Street South (off Carlton Road)

Nottingham

Nottinghamshire

NG3 1GE

REGISTERED NUMBER:

00956783 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

2,836

3,969

CURRENT ASSETS

Inventories

187,487

175,565

Debtors

5

106,327

141,012

Cash at bank and in hand

83,337

45,223

377,151

361,800

CREDITORS

Amounts falling due within one year

6

115,116

87,093

NET CURRENT ASSETS

262,035

274,707

TOTAL ASSETS LESS CURRENT LIABILITIES

264,871

278,676

CREDITORS

Amounts falling due after more than one year

7

435,409

440,409

NET LIABILITIES

(170,538

)

(161,733

)

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

(200,538

)

(191,733

)

SHAREHOLDERS' FUNDS

(170,538

)

(161,733

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 29th September 2017 and were signed on its behalf by:

M Goulding - Director

1.	STATUTORY INFORMATION

Graham Roberts Plastics 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

Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

and slow moving items.

Going concern

These accounts have been prepared on the going concern basis as the company will continue to be supported

by its associated companies. The directors have obtained assurances from those associated companies that

any funding provided will not be repaid until cash flow and profitability permits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2016

and 31st December 2016

16,251

6,668

32,832

24,700

80,451

DEPRECIATION

At 1st January 2016

13,518

6,638

31,626

24,700

76,482

Charge for year

801

30

302

-

1,133

At 31st December 2016

14,319

6,668

31,928

24,700

77,615

NET BOOK VALUE

At 31st December 2016

1,932

-

904

-

2,836

At 31st December 2015

2,733

30

1,206

-

3,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

76,775

93,172

VAT

4,961

628

Prepayments

24,591

47,212

106,327

141,012

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

105,568

69,152

Accrued expenses

9,548

17,941

115,116

87,093

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

435,409

440,409

8.	RELATED PARTY DISCLOSURES

During the year, the company incurred a management charge of £50,000 from Cannon Technologies Limited.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is E A Reddicliffe.

10.	FIRST YEAR ADOPTION

No transitional adjustments were required upon adoption of FRS 102.