Company Registration No. 05424177 (England and Wales)
ADVANCED PLASTIC SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
ADVANCED PLASTIC SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ADVANCED PLASTIC SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
165
221
Current assets
Debtors
615
3,994
Cash at bank and in hand
17,209
14,808
17,824
18,802
Creditors: amounts falling due within one year
(12,558)
(11,853)
Net current assets
5,266
6,949
Total assets less current liabilities
5,431
7,170
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
5,430
7,169
Shareholders' funds
5,431
7,170
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 December 2016
Mr S M Smith
Director
Company Registration No. 05424177
ADVANCED PLASTIC SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,279
Depreciation
At 1 April 2015
1,059
Charge for the year
55
At 31 March 2016
1,114
Net book value
At 31 March 2016
165
At 31 March 2015
221
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
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