Company Registration No. 02719329 (England and Wales)
PPB Products Limited
Unaudited accounts
for the year ended 30 June 2018
PPB Products Limited
Company Information
for the year ended 30 June 2018
Directors
Mr P Bowers
Mrs P Bowers
Company Number
02719329 (England and Wales)
Registered Office
55A LONDON ROAD
LEICESTER
LE2 0PE
Accountants
Gray Carpendale Ltd
55a London Road
Leicester
LE2 0PE
PPB Products Limited
Statement of financial position
as at 30 June 2018
Cash at bank and in hand
861
74
Creditors: amounts falling due within one year
(21,809)
(28,635)
Net current assets
25,879
34,491
Total assets less current liabilities
26,324
35,042
Creditors: amounts falling due after more than one year
(26,087)
(34,373)
Called up share capital
100
100
Profit and loss account
137
569
Shareholders' funds
237
669
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 March 2019.
Mr P Bowers
Director
Company Registration No. 02719329
PPB Products Limited
Notes to the Accounts
for the year ended 30 June 2018
PPB Products Limited is a private company, limited by shares, registered in England and Wales, registration number 02719329. The registered office is 55A LONDON ROAD, LEICESTER, LE2 0PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
PPB Products Limited
Notes to the Accounts
for the year ended 30 June 2018
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2017
13,149
3,164
16,313
At 30 June 2018
13,149
3,164
16,313
At 1 July 2017
12,669
3,093
15,762
Charge for the year
96
10
106
At 30 June 2018
12,765
3,103
15,868
At 30 June 2018
384
61
445
At 30 June 2017
480
71
551
Finished goods
5,736
5,736
Other debtors
38,591
54,016
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,777
7,626
Taxes and social security
-
4,718
Loans from directors
11,438
-
8
Creditors: amounts falling due after more than one year
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
PPB Products Limited
Notes to the Accounts
for the year ended 30 June 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
17,194
56,554
85,186
(11,438)
17,194
56,554
85,186
(11,438)
Directors Loan Accounts are repayable on demand and interest free.
11
Average number of employees
During the year the average number of employees was 0 (2017: 0).
