Super Poly Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07838001 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SUPER POLY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Ernst

E C Nixon

REGISTERED OFFICE:

Units 3 and 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

07838001 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

CURRENT ASSETS

Stocks

275,672

160,000

Debtors

344,825

284,852

Cash at bank

34,981

56,562

655,478

501,414

CREDITORS

Amounts falling due within one year

609,544

496,589

NET CURRENT ASSETS

45,934

4,825

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,934

4,825

CAPITAL AND RESERVES

Called up share capital

2

1,000

2

Profit and loss account

44,934

4,823

SHAREHOLDERS' FUNDS

45,934

4,825

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 directors acknowledge their 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 Board of Directors on 27 October 2016 and were
signed on its behalf by:

E C Nixon - 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 January

2015).

Turnover

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

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

500

2

250

Ordinary B

£1

250

-

250

Ordinary C

£1

250

-

1,000

2

The following shares were allotted and fully paid for cash at par during the year:

498 Ordinary shares of £1 each

250 Ordinary B shares of £1 each

250 Ordinary C shares of £1 each

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the joint control of Mr J. Ernst and Mr E. Nixon throughout the

current period, by virtue of their equal shareholding. At the Balance Sheet date the

company owed the directors £20,049 (2015: £35,573).