Registered Number
:
05174442
|
For the year ended 31 July 2016
England and Wales
Report of the Director and Unaudited Financial Statements
For the year ended 31 July 2016
B & G Plastics Limited
Contents Page
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7 to 8
Notes to the Financial Statements
9
Trading and Profit and Loss Account
For the year ended 31 July 2016
B & G Plastics Limited
Company Information
Mr Barry Jones
Director
05174442
87 Barnehurst Avenue
Bexleyheath
Kent
DA7 6QD
Ian Farrelly
Farrelly and Co accounts Ltd
Accountants
Farrelly and Co Accounts Ltd
5 The Base
Victoria Road
Dartford
Kent
DA1 5FS
1 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Director's Report
The director presents his report and financial statements for the year ended 31 July 2016.
The principal activity of the company continued to be that of Plastic and Steel Drum recycling.
Director
The director who served the company throughout the year was as follows:
Mr Barry Jones
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
|
28 March 2017
2 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
|
for the year ended
31
July
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
.
|
Farrelly and Co Accounts Ltd
Farrelly and Co accounts Ltd
Ian Farrelly
5 The Base
Victoria Road
Dartford
Kent
DA1 5FS
28 March 2017
3 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Income Statement
2015
2016
642,987
725,610
(633,311)
(590,711)
92,299
Gross profit
52,276
(30,260)
(34,650)
(59,892)
(43,777)
(90,152)
(78,427)
Operating loss
(37,876)
13,872
Interest payable and similar charges
|
(37)
(72)
(37,913)
13,800
Loss before taxation
(37,913)
Loss for the financial year
13,800
4 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Other Comprehensive Income
2016
2015
(37,913)
13,800
Profit/Loss for the financial year
Total comprehensive income since last annual report
|
(37,913)
13,800
5 of 8
B & G Plastics Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
1,809
2,412
2
1,809
2,412
19,630
26,230
Trade and other receivables
|
68,290
64,440
3
1,668
Cash and cash equivalents
|
21,214
111,884
89,588
Trade and other payables
:
amounts falling due within one
|
year
|
(60,746)
(135,854)
4
28,842
(23,970)
Net current liabilities
Total assets less current liabilities
|
(22,161)
31,254
Trade and other payables
:
amounts falling due after more
|
than one year
|
(60,808)
(45,306)
5
(67,467)
Net liabilities
(29,554)
2
2
(67,469)
(29,556)
(67,467)
(29,554)
Shareholders' funds
For the year ended 31 July 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 28 March 2017 and were signed by:
|
The notes form part of these financial statements
|
6 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Notes to the Financial Statements
Statutory Information
B
&
G Plastics Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
05174442
.
|
87 Barnehurst Avenue
Bexleyheath
Kent
DA7 6QD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
2
.
Property
,
plant and equipment
|
24,687
7,165
17,522
17,522
7,165
24,687
Provision for depreciation and impairment
|
22,275
6,628
15,647
Charge for year
603
134
469
22,878
6,762
16,116
1,406
403
1,809
1,875
537
2,412
3
.
Trade and other receivables
|
2015
2016
64,440
68,290
7 of 8
For the year ended 31 July 2016
B & G Plastics Limited
Notes to the Financial Statements Continued
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
135,854
60,746
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2015
2016
45,306
60,808
8 of 8