Abbreviated Company Accounts - ELLIS INDUSTRIAL PLASTICS LTD

ELLIS INDUSTRIAL PLASTICS LTD - Company Information

03519811 ELLIS INDUSTRIAL PLASTICS LTD 2014-10-31 false 2013-11-01 2014-10-31 true 03519811 2013-11-01 2014-10-31 03519811 2014-10-31 03519811 2013-10-31 03519811 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 03519811 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 03519811

ELLIS INDUSTRIAL PLASTICS LTD

Abbreviated Accounts

31 October 2014

ELLIS INDUSTRIAL PLASTICS LTD Registered Number 03519811

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	24,742	28,277
		24,742	28,277
Current assets
Stocks		5,527	5,547
Debtors		17,784	20,376
Cash at bank and in hand		68,105	31,184
		91,416	57,107
Creditors: amounts falling due within one year		(74,277)	(53,526)
Net current assets (liabilities)		17,139	3,581
Total assets less current liabilities		41,881	31,858
Creditors: amounts falling due after more than one year		(4,960)	(9,960)
Total net assets (liabilities)		36,921	21,898
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		36,821	21,798
Shareholders' funds		36,921	21,898

For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 February 2015

And signed on their behalf by:
Mr Thomas Colin Champ, Director
Mrs Sandra Champ, Director

ELLIS INDUSTRIAL PLASTICS LTD Registered Number 03519811

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Convention

The financial statements are prepared under the historical cost convention.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant & Machinery - 10% straight line basis

Valuation information and policy
Stock

Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 November 2013	35,347
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	35,347
Depreciation
At 1 November 2013	7,070
Charge for the year	3,535
On disposals	-
At 31 October 2014	10,605
Net book values
At 31 October 2014	24,742
At 31 October 2013	28,277

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100