Registered number
SC374029
Aberdeen Packaging Limited
Abbreviated Accounts
31 July 2017
Aberdeen Packaging Limited
Registered number: SC374029
Balance Sheet
as at 31 July 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 2,923 4,068
Current assets
Stocks 48,391 51,422
Debtors 3 49,055 53,322
Cash at bank and in hand 19,620 12,105
117,066 116,849
Creditors: amounts falling due within one year 4 (70,249) (117,673)
Net current assets/(liabilities) 46,817 (824)
Net assets 49,740 3,244
Capital and reserves
Called up share capital 2 2
Profit and loss account 49,738 3,242
Shareholders' funds 49,740 3,244
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A Parfitt
Director
Approved by the board on 30 December 2017
Aberdeen Packaging Limited
Notes to the Accounts
for the year ended 31 July 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2016 23,664
At 31 July 2017 23,664
Depreciation
At 1 August 2016 19,596
Charge for the year 1,145
At 31 July 2017 20,741
Net book value
At 31 July 2017 2,923
At 31 July 2016 4,068
3 Debtors 2017 2016
£ £
Trade debtors 49,055 53,322
4 Creditors: amounts falling due within one year 2017 2016
£ £
Directors Account 22,198 71,481
Taxation and social security costs 22,738 15,550
Other creditors 25,313 30,642
70,249 117,673
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