Concept Plastic Developments Limited Filleted accounts for Companies House (small and micro)

CONCEPT PLASTIC DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02865589

Concept Plastic Developments Limited

Filleted Unaudited Financial Statements

31 December 2020

Concept Plastic Developments Limited

Financial Statements

Year ended 31 December 2020

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Concept Plastic Developments Limited

Officers and Professional Advisers

Director	M. Taylor

Company secretary	A. L. Turner

Registered office	10-12 County End Business Centre
	Jackson Street
	Springhead
	Oldham
	OL4 4TZ

Accountants	Christopher Bailey Accountants (Oldham) Limited
	Chartered Accountants
	Units 10-12
	County End Business Centre
	Jackson Street
	Springhead
	Oldham
	OL4 4TZ

Bankers	National Westminster Bank Plc
	10 Yorkshire Street
	Oldham
	Lancashire
	OL1 1QT

Concept Plastic Developments Limited

Statement of Financial Position

31 December 2020

	2020	2019
Note	£	£

Current assets

Debtors	5	–	1,267
Cash at bank and in hand		1,000	783
		-------	-------
		1,000	2,050

Creditors: amounts falling due within one year	6	–	5,121
		-------	-------
Net current assets/(liabilities)		1,000	( 3,071)
		-------	-------
Total assets less current liabilities		1,000	( 3,071)
		-------	-------
Net assets/(liabilities)		1,000	( 3,071)
		-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	–	( 4,071)
	-------	-------
Shareholders funds/(deficit)	1,000	( 3,071)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 September 2021 , and are signed on behalf of the board by:

M. Taylor
Director

Company registration number: 02865589

Concept Plastic Developments Limited

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-12 County End Business Centre, Jackson Street, Springhead, Oldham, OL4 4TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2020	10,491	4,333	720	15,544
Disposals	( 10,491)	( 4,333)	( 720)	( 15,544)
	--------	-------	----	--------
At 31 December 2020	–	–	–	–
	--------	-------	----	--------
Depreciation
At 1 January 2020	10,491	4,333	720	15,544
Disposals	( 10,491)	( 4,333)	( 720)	( 15,544)
	--------	-------	----	--------
At 31 December 2020	–	–	–	–
	--------	-------	----	--------
Carrying amount
At 31 December 2020	–	–	–	–
	--------	-------	----	--------
At 31 December 2019	–	–	–	–
	--------	-------	----	--------

5. Debtors

	2020	2019
	£	£
Trade debtors	–	1,267
	----	-------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	–	5,121
	----	-------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2020
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
J. G. B. Turner	( 3,711)	3,711	–
M. Taylor	( 1,050)	1,050	–
	-------	-------	----
	( 4,761)	4,761	–
	-------	-------	----

	2019
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
J. G. B. Turner	( 1,211)	( 2,500)	( 3,711)
M. Taylor	( 1,050)	–	( 1,050)
	-------	-------	-------
	( 2,261)	( 2,500)	( 4,761)
	-------	-------	-------

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.