Company Registration No. 02719329 (England and Wales)
PPB Products Limited
Unaudited accounts
for the year ended 30 June 2021
PPB Products Limited
Statement of financial position
as at 30 June 2021
Cash at bank and in hand
2,076
5
Creditors: amounts falling due within one year
(17,902)
(13,416)
Net current assets
1,045
5,996
Total assets less current liabilities
1,279
6,286
Creditors: amounts falling due after more than one year
-
(5,580)
Called up share capital
100
100
Profit and loss account
1,179
606
Shareholders' funds
1,279
706
For the year ending 30 June 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2021 and were signed on its behalf by
Mr P Bowers
Director
Company Registration No. 02719329
PPB Products Limited
Notes to the Accounts
for the year ended 30 June 2021
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2020
13,149
3,164
16,313
At 30 June 2021
13,149
3,164
16,313
At 1 July 2020
12,903
3,120
16,023
Charge for the year
49
7
56
At 30 June 2021
12,952
3,127
16,079
At 30 June 2021
197
37
234
At 30 June 2020
246
44
290
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
12,071
12,071
PPB Products Limited
Notes to the Accounts
for the year ended 30 June 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
4,551
9,556
Other creditors
9,485
3,760
Loans from directors
3,146
(835)
7
Creditors: amounts falling due after more than one year
2021
2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
835
111,504
115,485
(3,146)
835
111,504
115,485
(3,146)
Directors Loan Accounts are repayable on demand and interest free.
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
