Abbreviated Company Accounts - ND PLASTICS DIRECT LIMITED

ND PLASTICS DIRECT LIMITED - Company Information

08413482 ND PLASTICS DIRECT LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 08413482 2014-04-01 2015-03-31 08413482 2015-03-31 08413482 2014-03-31 08413482 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08413482 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08413482

ND PLASTICS DIRECT LIMITED

Abbreviated Accounts

31 March 2015

ND PLASTICS DIRECT LIMITED Registered Number 08413482

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	303,099	82,550
		303,099	82,550
Current assets
Debtors		67,052	15,127
Cash at bank and in hand		74,685	213,827
		141,737	228,954
Creditors: amounts falling due within one year		(231,290)	(227,831)
Net current assets (liabilities)		(89,553)	1,123
Total assets less current liabilities		213,546	83,673
Creditors: amounts falling due after more than one year		(63,598)	0
Total net assets (liabilities)		149,948	83,673
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		139,948	73,673
Shareholders' funds		149,948	83,673

For the year ending 31 March 2015 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 4 August 2015

And signed on their behalf by:
Neill Dransfield, Director

ND PLASTICS DIRECT LIMITED Registered Number 08413482

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Office equipment 20% straight line
No depreciation is provided in respect of Freehold Investment Properties owned by the company and the director considers there is no significant change in value given their length of ownership

Other accounting policies
Related party disclosures
LIV Supplies Limited
Neill Dransfield is a controlling shareholder in the above company
Any balance owing to or owed by LIV Supplies Limited at 31st March 2015 is the result of transactions in the ordinary course of business.
Amount due from related party at the balance sheet date : 31.03.2015 £3,035 31.03.2014 £Nil
Amount due to related party at the balance sheet date : 31.03.2015 £149,831 31.03.2014 £143,620

Bank loan account
The bank loan is secured on a Freehold Investment Property included in the balance sheet. The amount owing at 31st March 2015 is £70,426 and is repayable in more than five years as detailed below:
Payable within one year £6,828
Payable within two to five years £27,312
Payable in more than five years £36,286

2Tangible fixed assets

	£
Cost
At 1 April 2014	82,550
Additions	221,075
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	303,625
Depreciation
At 1 April 2014	0
Charge for the year	526
On disposals	-
At 31 March 2015	526
Net book values
At 31 March 2015	303,099
At 31 March 2014	82,550

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

	2015 £	2014 £
10,000 Ordinary shares of £1 each	10,000	10,000