Abbreviated Company Accounts - PPB PRODUCTS LIMITED

PPB PRODUCTS LIMITED - Company Information

02719329 PPB PRODUCTS LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 02719329 2015-07-01 2016-06-30 02719329 2016-06-30 02719329 2015-06-30 02719329 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 02719329 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 02719329

PPB PRODUCTS LIMITED

Abbreviated Accounts

30 June 2016

PPB PRODUCTS LIMITED Registered Number 02719329

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	683	847
		683	847
Current assets
Stocks		6,195	6,757
Debtors		58,944	121,456
Cash at bank and in hand		339	-
		65,478	128,213
Creditors: amounts falling due within one year		(18,451)	(63,331)
Net current assets (liabilities)		47,027	64,882
Total assets less current liabilities		47,710	65,729
Creditors: amounts falling due after more than one year		(42,511)	(49,921)
Total net assets (liabilities)		5,199	15,808
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		5,099	15,708
Shareholders' funds		5,199	15,808

For the year ending 30 June 2016 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 27 July 2016

And signed on their behalf by:
Mr P Bowers, Director
Mrs P Bowers, Director

PPB PRODUCTS LIMITED Registered Number 02719329

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 net amount of invoices to customers less credit notes for goods returned.

Tangible assets depreciation policy
Depreciation is provided on all fixed assets in reducing balance over their useful lives. The following rates have been applied.

Office Equipment 20%
Fixtures & Fittings 15%

Valuation information and policy
Stock and work in progress is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stock.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
The accounts have been prepared on a going concern basis which assumes the continued support of its bankers.

2Tangible fixed assets

	£
Cost
At 1 July 2015	16,313
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	16,313
Depreciation
At 1 July 2015	15,466
Charge for the year	164
On disposals	-
At 30 June 2016	15,630
Net book values
At 30 June 2016	683
At 30 June 2015	847

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100