Allplastics Limited - Accounts to registrar - small 17.1
Allplastics Limited - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| FOR |
| ALLPLASTICS LIMITED |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ALLPLASTICS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Croft Chambers |
| 11 Bancroft |
| Hitchin |
| Hertfordshire |
| SG5 1JQ |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| BALANCE SHEET |
| 28 FEBRUARY 2017 |
| 28.2.17 | 29.2.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| BALANCE SHEET - continued |
| 28 FEBRUARY 2017 |
| 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 by: |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| 1. | STATUTORY INFORMATION |
| Allplastics Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There were no transitional adjustments required to comply with the Financial Reporting Standard 102. |
| The directors closely monitor the company's working capital and cashflow position and are committed to |
| ensuring that the company had adequate finances in place. Accordingly the financial statements have been |
| prepared on a going concern basis. |
| 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 |
| Equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realizable 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 have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| Equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2016 |
| and 28 February 2017 |
| DEPRECIATION |
| At 1 March 2016 |
| Charge for year |
| At 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 29 February 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.17 | 29.2.16 |
| £ | £ |
| Trade debtors |
| Provision for doubtful debts | ( |
) | ( |
) |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.17 | 29.2.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors & accruals |
| Directors' current accounts | 2,154 | 5,367 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 28.2.17 | 29.2.16 |
| £ | £ |
| Within one year |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| 9. | CONTINGENT LIABILITIES |
| There were no contingent liabilities at 28 February 2017. |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 28 February 2017 and |
| 29 February 2016: |
| 28.2.17 | 29.2.16 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 11. | RELATED PARTY DISCLOSURES |
| The Dean family are the controlling shareholders. |
| 12. | POST BALANCE SHEET EVENTS |
| There were no such events which materially affect the position of the company as indicated by these financial |
| statements. |
| 13. | PENSION SCHEME |
| The company operates a defined contribution scheme. At the balance sheet date there were no outstanding or |
| prepaid contributions. |
| ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2017 |
| 14. | FIRST YEAR ADOPTION |
| On transition to FRS 102, no adjustments were required to the company's equity determined in accordance with |
| its previous financial reporting framework to its equity determined in accordance with FRS 102 for the following |
| dates: the date of transition to FRS 102, which is 1 March 2015, and the end of the comparative period presented |
| in the company's annual financial statements, determined in accordance with previously extant UK GAAP, which |
| is 28 February 2016. |
| There is no difference in profit or loss for the year ended 28 February 2016 as reported in its previously |
| published UK GAAP financial statements to that measured under FRS 102 for the same period. |