Dale Products (Plastics) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00629660 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

DALE PRODUCTS (PLASTICS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M Crawshaw

Mr R M Crawshaw

SECRETARY:

Mr J P Crawshaw

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

00629660 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank PLC

5 Market Hill

Barnsley

South Yorkshire

S70 2PY

FIXED ASSETS

Tangible assets

2

121,918

127,694

CURRENT ASSETS

Stocks

34,721

57,228

Debtors

205,127

268,705

Investments

-

100,000

Cash at bank

52,487

16,325

292,335

442,258

CREDITORS

Amounts falling due within one year

70,211

150,990

NET CURRENT ASSETS

222,124

291,268

TOTAL ASSETS LESS CURRENT
LIABILITIES

344,042

418,962

PROVISIONS FOR LIABILITIES

25,800

14,200

NET ASSETS

318,242

404,762

CAPITAL AND RESERVES

Called up share capital

3

2,100

Share premium

3,242

Revaluation reserve

118,339

Capital redemption reserve

100

Profit and loss account

194,461

280,981

SHAREHOLDERS' FUNDS

318,242

404,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 for issue by the Board of Directors on 16 March 2017 and
were signed on its behalf by:

Mr R M Crawshaw - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, modified

to include the revaluation of certain fixed assets, and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

This is with the exception of the freehold factory which, under the transitional provisions of

FRSSE, is included at its 1999 valuation. From that date it is the company's policy not to

revalue fixed assets.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the

year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold factory

-

2% on reducing balance

Plant and machinery

-

20% on reducing balance

Office / computer equipment

-

25% on cost and 10% on reducing balance

All fixed assets are initially recorded at 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 where transactions or events have occurred at that date

that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to

apply in the periods in which timing differences reverse, based on tax rates and laws

enacted or substantively enacted at the balance sheet date.

Pension costs

The company operates a defined contribution pension scheme . The contributions payable

to the company's pension scheme are charged to the profit and loss account in the period

to which they relate.

Investments

Current asset investments are stated at cost less provision for any permanent diminution in

value. For listed investments, market value is based on the closing middle market price.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on

normal level of activity. Provision is made for any foreseeable losses where appropriate. No

element of profit is included in the valuation of work in progress.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity instruments.

An equity instrument is any contract that evidences a residual interest in the assets of the

company after deducting all of its liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2015

856,331

Additions

400

At 30 June 2016

856,731

DEPRECIATION

At 1 July 2015

728,637

Charge for year

6,176

At 30 June 2016

734,813

NET BOOK VALUE

At 30 June 2016

121,918

At 30 June 2015

127,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

750

A Ordinary

£1

750

675

B Ordinary

£1

675

C Ordinary

£1

675

2,100