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Registered Number : 01974925
England and Wales

 

 

 

A. & E. PLASTIC FABRICATIONS LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 February 2015

End date: 31 January 2016
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.




....................................................
Cramar Ltd
40 Brookhill Street
Stapleford
Nottingham
NG9 7BS
17 April 2016

1
 
 
Notes
 
2016
£
  2015
£
Fixed assets      
Tangible fixed assets 2 438,794    184,835 
438,794    184,835 
Current assets      
Stocks 0    9,850 
Debtors 4,513    7,683 
Cash at bank and in hand 417,692    481,537 
422,205    499,070 
Creditors: amount falling due within one year (13,115)   (248,935)
Net current assets 409,091    250,135 
Total assets less current liabilities 847,884    434,970 
Creditors: amount falling due more than one year (416,644)   0 
Provisions for liabilities (612)   (7,939)
Net assets 430,628    427,031 

Capital and reserves
     
Called up share capital 3 150    150 
Reserves 79,053    79,053 
Profit and loss account 351,425    347,828 
Shareholders funds 430,628    427,031 


For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors



Date approved by the board: 17 April 2016
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 15 Reducing Balance
Land and Buildings 15 Straight Line
Motor Vehicles 25 Reducing Balance
Computer Equipment 25 Reducing Balance

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Investment properties

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2.

Tangible fixed assets

Cost or Valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2015 200,000    160,623    29,660    -    390,283 
Additions 277,734    -    -    632    278,366 
Disposals -    (160,623)   -    -    (160,623)
At 31 January 2016 477,734    -    29,660    632    508,026 
Depreciation
At 01 February 2015 39,000    140,236    26,212    -    205,448 
Charge for year 3,000    -    862    158    4,020 
On disposals -    (140,236)   -    -    (140,236)
At 31 January 2016 42,000    -    27,074    158    69,232 
Net book values
At 31 January 2016 435,734    -    2,586    474    438,794 
At 01 February 2015 161,000    20,387    3,448    -    184,835 


3.

Share Capital

Authorised
150 Class A shares of £1.00 each

Allotted
2016
£
  2015
£
150 Class A shares of £1.00 each 150    150 
150    150 

3