R + K Polymer Glass Coatings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06618566 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

R + K Polymer Glass Coatings Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Nehra

K Kumar

REGISTERED OFFICE:

Unit 12

Falcon Business Park

Meadow Lane

Loughborough

Leicestershire

LE11 1HL

REGISTERED NUMBER:

06618566 (England and Wales)

ACCOUNTANTS:

Gregory Priestley & Stewart

16 Queen Street

Ilkeston

Derbyshire

DE7 5GT

FIXED ASSETS

Tangible assets

4

24,156

25,162

CURRENT ASSETS

Stocks

102,234

93,643

Debtors

120,661

124,050

Cash at bank

13,887

37,240

236,782

254,933

CREDITORS

Amounts falling due within one year

203,464

223,857

NET CURRENT ASSETS

33,318

31,076

TOTAL ASSETS LESS CURRENT LIABILITIES

57,474

56,238

CREDITORS

Amounts falling due after more than one year

(3,453

)

(4,314

)

PROVISIONS FOR LIABILITIES

(2,672

)

(2,733

)

NET ASSETS

51,349

49,191

CAPITAL AND RESERVES

Called up share capital

100,004

100,004

Retained earnings

(48,655

)

(50,813

)

SHAREHOLDERS' FUNDS

51,349

49,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2018 and were signed on its behalf by:

R Nehra - Director

1.	STATUTORY INFORMATION

R + K Polymer Glass Coatings 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

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

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 etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks 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 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.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

136,750

Additions

9,699

At 30 June 2018

146,449

DEPRECIATION

At 1 July 2017

111,588

Charge for year

10,705

At 30 June 2018

122,293

NET BOOK VALUE

At 30 June 2018

24,156

At 30 June 2017

25,162

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 July 2017

and 30 June 2018

7,887

DEPRECIATION

At 1 July 2017

3,183

Charge for year

1,071

At 30 June 2018

4,254

NET BOOK VALUE

At 30 June 2018

3,633

At 30 June 2017

4,704