Super Poly Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07838001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

SUPER POLY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JD Ernst

E C Nixon

REGISTERED OFFICE:

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

07838001 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

CURRENT ASSETS

Stocks

525,000

421,608

Debtors

4

501,528

425,046

Cash at bank and in hand

13,662

26,047

1,040,190

872,701

CREDITORS

Amounts falling due within one year

5

607,655

601,827

NET CURRENT ASSETS

432,535

270,874

TOTAL ASSETS LESS CURRENT
LIABILITIES

432,535

270,874

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

431,535

269,874

SHAREHOLDERS' FUNDS

432,535

270,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 19 December 2019 and were
signed on its behalf by:

E C Nixon - Director

JD Ernst - Director

1.	STATUTORY INFORMATION

Super Poly Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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

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 5 (2018 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade debtors

474,520

362,396

Other debtors

27,008

62,650

501,528

425,046

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

372,900

273,294

Taxation and social security

84,215

73,548

Other creditors

150,540

254,985

607,655

601,827

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2019 and 31 March 2018:

31.3.19

31.3.18

£

JD Ernst

Balance outstanding at start of year

(11,567

)

(89,856

)

Amounts advanced

26,211

82,854

Amounts repaid

(14,815

)

(4,565

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(171

)

(11,567

)

E C Nixon

Balance outstanding at start of year

(49,803

)

(113,178

)

Amounts advanced

63,380

69,146

Amounts repaid

(14,000

)

(5,771

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(423

)

(49,803

)

Super Poly Ltd - Accounts to registrar (filleted) - small 18.2

Super Poly Ltd - Accounts to registrar (filleted) - small 18.2