Protool Plastics Group Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06812549 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Protool Plastics Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hadfield

S W Hall

I Hunter

G A Wilkins

REGISTERED OFFICE:

28 Standard Way

Fareham Industrial Park

Fareham

Hampshire

PO16 8XG

REGISTERED NUMBER:

06812549 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Investments

4

105

105

CURRENT ASSETS

Debtors

5

56,566

56,566

Cash at bank and in hand

44,536

9,614

101,102

66,180

CREDITORS

Amounts falling due within one year

6

10,221

9,306

NET CURRENT ASSETS

90,881

56,874

TOTAL ASSETS LESS CURRENT LIABILITIES

90,986

56,979

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

90,786

56,779

SHAREHOLDERS' FUNDS

90,986

56,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 17 January 2018 and were signed on its behalf by:

M Hadfield - Director

1.	STATUTORY INFORMATION

Protool Plastics Group 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2016

and 31 October 2017

105

NET BOOK VALUE

At 31 October 2017

105

At 31 October 2016

105

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Protool Plastic Components Ltd

Registered office:

Nature of business: Injection moulding

%

Class of shares:

holding

Ordinary

100.00

31.10.17

31.10.16

£

£

Aggregate capital and reserves

769,709

655,504

Profit for the year

362,537

245,490

Protool Precision Plastics Ltd

Registered office:

Nature of business: Plastic moulding

%

Class of shares:

holding

Ordinary

100.00

31.10.17

31.10.16

£

£

Aggregate capital and reserves

(13,641

)

(79,795

)

Profit/(loss) for the year

66,154

(7,470

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Amounts owed by associates

56,566

56,566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Amounts owed to associates

10,221

9,306

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £213,332 (2016 - £56,666) were paid to the directors .

During the year, the company received dividends of £248,332 (2016 - £113,332) from Protool Plastic

Components Ltd. At the balance sheet date, the company owed Protool Plastic Components Ltd £10,221

(2016 - £9,306). Protool Plastics Group Ltd owns 100% of the shares in Protool Plastic Components Ltd.

At the balance sheet date, the company was owed £56,566 (2016 - £56,566) by Protool Precision Plastics

Ltd. Protool Plastics Group Ltd owns 100% of the shares in Protool Precision Plastics Ltd.