Crane Plastics Limited - Abbreviated accounts 16.1

Crane Plastics Limited - Abbreviated accounts 16.1

CRANE PLASTICS LIMITED - Company Information

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REGISTERED NUMBER: 06534180 (England and Wales)






















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

CRANE PLASTICS LIMITED

CRANE PLASTICS LIMITED (REGISTERED NUMBER: 06534180)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

CRANE PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







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)





Page 1
CRANE PLASTICS LIMITED (REGISTERED NUMBER: 06534180)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,606 37,634

CURRENT ASSETS
Stocks - 5,000
Debtors 235,015 277,219
235,015 282,219
CREDITORS
Amounts falling due within one year 3 136,685 249,177
NET CURRENT ASSETS 98,330 33,042
TOTAL ASSETS LESS CURRENT
LIABILITIES
106,936
70,676

PROVISIONS FOR LIABILITIES - 2,074
NET ASSETS 106,936 68,602

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 106,836 68,502
SHAREHOLDERS' FUNDS 106,936 68,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 19 September 2016 and were signed by:




C S Burdon - Director


The notes form part of these abbreviated accounts

Page 2
CRANE PLASTICS LIMITED (REGISTERED NUMBER: 06534180)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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 January 2015).

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.

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 2015
and 31 March 2016 127,452
DEPRECIATION
At 1 April 2015 89,818
Charge for year 29,028
At 31 March 2016 118,846
NET BOOK VALUE
At 31 March 2016 8,606
At 31 March 2015 37,634

3. CREDITORS

Creditors include an amount of £ 45 (2015 - £ 73,467 ) for which security has been given.

Page 3 continued...
CRANE PLASTICS LIMITED (REGISTERED NUMBER: 06534180)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
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 £30,445 (2015: £30,945) owed to the director on his loan account.

Page 4