Plastic Box (UK) Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 04730579 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2016

for

Plastic Box (UK) Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr G A Thompson

Mrs D K S Thompson

SECRETARY:

Mrs D K S Thompson

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

BUSINESS ADDRESS:

35 Sun Street

Isleham

Ely

Cambridgeshire

CB7 5RU

REGISTERED NUMBER:

04730579 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

4

2,254

2,860

Investment property

5

635,000

635,000

637,254

637,860

CURRENT ASSETS

Debtors

6

1,583

5,039

Cash at bank

40,351

17,920

41,934

22,959

CREDITORS

Amounts falling due within one year

7

390,206

335,553

NET CURRENT LIABILITIES

(348,272

)

(312,594

)

TOTAL ASSETS LESS CURRENT LIABILITIES

288,982

325,266

CREDITORS

Amounts falling due after more than one year

8

(92,546

)

(96,879

)

PROVISIONS FOR LIABILITIES

10

(320

)

(426

)

NET ASSETS

196,116

227,961

CAPITAL AND RESERVES

Called up share capital

11

102

102

Retained earnings

196,014

227,859

SHAREHOLDERS' FUNDS

196,116

227,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its behalf by:

Mr G A Thompson - Director

Mrs D K S Thompson - Director

1.	STATUTORY INFORMATION

Plastic Box (UK) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements are the first financial statements that comply with FRS 102 Section 1A small

entities. The date of transition is 1 October 2014. The transition has resulted in an alignment of accounting

policies to those required in the adoption of FRS 102 1A. Any impact is explained in the notes to these financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Rental income is recognised in accordance with the terms of the tenancy agreements.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Office equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but mot reversed at the

balance sheet dae.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2015

and 30 September 2016

7,601

DEPRECIATION

At 1 October 2015

4,741

Charge for year

606

At 30 September 2016

5,347

NET BOOK VALUE

At 30 September 2016

2,254

At 30 September 2015

2,860

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2015

and 30 September 2016

635,000

NET BOOK VALUE

At 30 September 2016

635,000

At 30 September 2015

635,000

Cost or valuation at 30 September 2016 is represented by:

£

Valuation in 2012

(119,797

)

Valuation in 2013

55,000

Valuation in 2014

56,205

Cost

643,592

635,000

If investment properties had not been revalued they would have been included at the following historical cost:

2016

2015

£

£

Cost

643,592

643,592

Investment properties were valued on an open market basis on 30 September 2016 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

1,227

4,684

Other debtors

356

355

1,583

5,039

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

9,544

9,544

Trade creditors

805

1,402

Taxation and social security

3,731

2,501

Other creditors

376,126

322,106

390,206

335,553

Included in other creditors is directors' loan account of £371,336 (2015 - £317,369).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

92,546

96,879

Amounts falling due in more than five years:

Repayable by instalments

Bank loan due after five years

54,372

58,705

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

102,090

106,423

Bank loans are secured by fixed and floating charges over the company's investment property and other

assets.

10.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

Accelerated capital allowances

320

426

Deferred

tax

£

Balance at 1 October 2015

426

Provided during year

(106

)

Balance at 30 September 2016

320

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

102

102