Graham Roberts Plastics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00956783 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

for

GRAHAM ROBERTS PLASTICS LIMITED

Page

Company Information

1

Balance Sheet

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

1,810

2,836

CURRENT ASSETS

Inventories

113,373

187,487

Debtors

5

278,985

106,327

Cash at bank and in hand

107,416

83,337

499,774

377,151

CREDITORS

Amounts falling due within one year

6

212,847

115,116

NET CURRENT ASSETS

286,927

262,035

TOTAL ASSETS LESS CURRENT LIABILITIES

288,737

264,871

CREDITORS

Amounts falling due after more than one year

7

418,760

435,409

NET LIABILITIES

(130,023

)

(170,538

)

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

(160,023

)

(200,538

)

(130,023

)

(170,538

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 21st January 2019 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

Tangible fixed assets under the cost model are stated at the historical cost less accumulated depreciation.

Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition

necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged as so to allocate the cost of assets less their residual values over their estimated useful

lives, on the following basis:

Plant & machinery etc - 33% straight line

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are

recognised in the statement of comprehensive income.

Stocks

Inventories 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 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of

not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st January 2017

and 31st December 2017

80,451

DEPRECIATION

At 1st January 2017

77,615

Charge for year

1,026

At 31st December 2017

78,641

NET BOOK VALUE

At 31st December 2017

1,810

At 31st December 2016

2,836

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

185,813

76,775

Other debtors

93,172

29,552

278,985

106,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

184,506

105,568

Taxation and social security

4,911

-

Other creditors

23,430

9,548

212,847

115,116

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

418,760

435,409

8.	RELATED PARTY DISCLOSURES

At the year end, £418,760 (20116 - £418,760) was owed to Scammell Estates Limited, a company under common

control. This amount is unsecured, interest free and is not expected to be repaid for more than 12 months from

the balance sheet date.