The Plastic Fan Co. Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00564679 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

The Plastic Fan Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C G Hale

Mrs A D Hale

SECRETARY:

C G Hale

REGISTERED OFFICE:

Unit Z

Hamstead Industrial Estate, Austin Way

Great Barr

Birmingham

West Midlands

B42 1DU

REGISTERED NUMBER:

00564679 (England and Wales)

FIXED ASSETS

Tangible assets

2

22,231

28,619

CURRENT ASSETS

Stocks

4,000

3,872

Debtors

196,229

131,238

Cash at bank

230,002

361,932

430,231

497,042

CREDITORS

Amounts falling due within one year

3

101,110

169,642

NET CURRENT ASSETS

329,121

327,400

TOTAL ASSETS LESS CURRENT LIABILITIES

351,352

356,019

CREDITORS

Amounts falling due after more than one year

3

-

(2,194

)

PROVISIONS FOR LIABILITIES

(4,944

)

(5,545

)

NET ASSETS

346,408

348,280

CAPITAL AND RESERVES

Called up share capital

4

2,000

2,000

Profit and loss account

344,408

346,280

SHAREHOLDERS' FUNDS

346,408

348,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 30 July 2014 and were signed on its behalf by:

C G Hale - 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 April 2008).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 1 April 2013

and 31 March 2014

96,137

DEPRECIATION

At 1 April 2013

67,518

Charge for year

6,388

At 31 March 2014

73,906

NET BOOK VALUE

At 31 March 2014

22,231

At 31 March 2013

28,619

3.

CREDITORS

Creditors include an amount of £ 2,194 (31.3.13 - £ 12,528 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,500

Ordinary A shares

£1

1,500

1,500

500

Ordinary B shares

£1

500

500

2,000

2,000

5.	ULTIMATE PARENT COMPANY

CG Hale Holdings Limited is regarded by the directors as being the company's ultimate parent company.