REGISTERED NUMBER:
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Polyflex Packaging Limited |
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Abbreviated Unaudited Accounts For The Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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Polyflex Packaging Limited |
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Abbreviated Unaudited Accounts For The Year Ended 31 December 2015 |
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Polyflex Packaging Limited (Registered number: 02170094) |
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Contents of the Abbreviated Accounts |
For The Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Polyflex Packaging Limited |
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Company Information |
For The Year Ended 31 December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Chartered Accountants |
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Polyflex Packaging Limited (Registered number: 02170094) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Polyflex Packaging Limited (Registered number: 02170094) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Polyflex Packaging Limited (Registered number: 02170094) |
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Notes to the Abbreviated Accounts |
For The Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective January 2015). |
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Turnover |
Turnover represents the amount earned from the ordinary activities of packaging converters and |
distributors during the year, excluding value added tax and discounts. |
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Goodwill |
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Tangible fixed assets |
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Buildings | - |
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Plant and machinery | - |
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Stock |
Stock is 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 of purchase. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences for tax purposes that have arisen at the |
balance sheet date. |
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Leasing and hire purchase contracts |
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed |
assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and |
their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful |
lives. Finance leases are those where substantially all of the benefits and risks of ownership are |
assumed by the company. Obligations under such agreements are included in creditors net of the |
finance charge allocate to future periods. The finance element of the rental payment is charged to the |
profit and loss account so as to produce a constant rate of charge on the net obligation outstanding in |
each accounting period. |
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Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
remain with the lessor are charged to profit and loss account as incurred. |
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Pension costs and other post-retirement benefits |
The company operates defined contribution pension schemes for the benefit of the directors and an |
employee. Pension payments are charged against profits in the period in which they become payable. |
Polyflex Packaging Limited (Registered number: 02170094) |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 December 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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