Crane Plastics Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06534180 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

CRANE PLASTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

C S Burdon

SECRETARY:

Mrs J A Burdon

REGISTERED OFFICE:

Unit 5

Wellingborough Road

Sywell Aerodrome

Northampton

Northamptonshire

NN6 0BN

REGISTERED NUMBER:

06534180 (England and Wales)

FIXED ASSETS

Tangible assets

2

37,634

52,737

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

277,219

280,686

282,219

285,686

CREDITORS

Amounts falling due within one year

3

249,177

300,191

NET CURRENT ASSETS/(LIABILITIES)

33,042

(14,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

70,676

38,232

CREDITORS

Amounts falling due after more than one year

3

-

(27,088

)

PROVISIONS FOR LIABILITIES

(2,074

)

(4,837

)

NET ASSETS

68,602

6,307

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

68,502

6,207

SHAREHOLDERS' FUNDS

68,602

6,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 December 2015 and were signed by:

C S Burdon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

113,204

Additions

14,248

At 31 March 2015

127,452

DEPRECIATION

At 1 April 2014

60,467

Charge for year

29,351

At 31 March 2015

89,818

NET BOOK VALUE

At 31 March 2015

37,634

At 31 March 2014

52,737

3.

CREDITORS

Creditors include an amount of £ 73,467 (2014 - £ 131,510 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other creditors include £30,945 owed to the director on his loan account.