REGISTERED NUMBER:
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Chelmsford Plastic Warehouse Limited |
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Abridged Financial Statements for the Year Ended 31st March 2020 |
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REGISTERED NUMBER:
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Chelmsford Plastic Warehouse Limited |
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Abridged Financial Statements for the Year Ended 31st March 2020 |
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Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Contents of the Financial Statements |
for the year ended 31st March 2020 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chelmsford Plastic Warehouse Limited |
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Company Information |
for the year ended 31st March 2020 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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Certified Practising Accountants |
1-3 High Street |
Great Dunmow |
Essex |
CM6 1UU |
Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Abridged Balance Sheet |
31st March 2020 |
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31/3/20 | 31/3/19 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year |
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Net current assets |
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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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Capital and reserves |
Called up share capital | 6 |
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Retained earnings | 7 |
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Shareholders' funds |
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The director acknowledges his 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. |
Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Abridged Balance Sheet - continued |
31st March 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Notes to the Financial Statements |
for the year ended 31st March 2020 |
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1. | Statutory information |
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Chelmsford Plastic Warehouse Limited is a
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in England and Wales. The company's registered number and registered office address can |
be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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. |
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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. |
Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2020 |
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2. | Accounting policies - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Totals |
£ |
Cost |
At 1st April 2019 |
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Additions |
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Disposals | ( |
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At 31st March 2020 |
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Depreciation |
At 1st April 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st March 2020 |
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Net book value |
At 31st March 2020 |
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At 31st March 2019 |
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Included in the above are assets held under hire purchase or finance lease contracts with |
the following values: |
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2019 | 2018 |
Net book | Depreciation | Net book | Depreciation |
value | charge | value | charge |
£ | £ | £ | £ |
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Plant and machinery | 93,165 | 31,055 | 85,780 | 28,593 |
Chelmsford Plastic Warehouse Limited (Registered number: 04957379) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2020 |
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5. | Secured debts |
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The following secured debts are included within creditors: |
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31/3/20 | 31/3/19 |
£ | £ |
Bank overdraft |
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Bank loans |
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Hire purchase contracts | 54,109 | 74,708 |
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The bank overdraft is secured against the assets of the company. |
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The hire purchase agreements are secured against the assets to which they relates. |
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The factoring advances are secured against the book debts of the company. |
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The bank loan is secured by a personal guarantee from the director up to the value of |
£120,000 |
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6. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/20 | 31/3/19 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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7. | Reserves |
Retained |
earnings |
£ |
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At 1st April 2019 |
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Profit for the year |
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Dividends | ( |
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At 31st March 2020 |
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8. | Ultimate controlling party |
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The controlling party is G Smith. |