Abbreviated Company Accounts - PLASTECH SOLUTIONS LIMITED

Abbreviated Company Accounts - PLASTECH SOLUTIONS LIMITED


Registered Number 08265760

PLASTECH SOLUTIONS LIMITED

Abbreviated Accounts

31 January 2016

PLASTECH SOLUTIONS LIMITED Registered Number 08265760

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 39,141 2,587
39,141 2,587
Current assets
Debtors 292,164 29,381
Cash at bank and in hand 243,864 26,840
536,028 56,221
Creditors: amounts falling due within one year (406,690) (24,809)
Net current assets (liabilities) 129,338 31,412
Total assets less current liabilities 168,479 33,999
Creditors: amounts falling due after more than one year (32,448) -
Provisions for liabilities (596) (517)
Total net assets (liabilities) 135,435 33,482
Capital and reserves
Called up share capital 3 500 500
Profit and loss account 134,935 32,982
Shareholders' funds 135,435 33,482
  • For the year ending 31 January 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 17 October 2016

And signed on their behalf by:
S H Rundle, Director
N J Baker, Director

PLASTECH SOLUTIONS LIMITED Registered Number 08265760

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets
£
Cost
At 1 February 2015 3,820
Additions 49,244
Disposals -
Revaluations -
Transfers -
At 31 January 2016 53,064
Depreciation
At 1 February 2015 1,233
Charge for the year 12,690
On disposals -
At 31 January 2016 13,923
Net book values
At 31 January 2016 39,141
At 31 January 2015 2,587
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
500Ordinary shares of £1 each 500 500