PACKAGING & DISPOSABLES LTD
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Registered number: |
07890295
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
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|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
9,555 |
|
|
6,207 |
|
Current assets |
Stocks |
|
|
47,260 |
|
|
51,850 |
Debtors |
|
|
102,947 |
|
|
81,577 |
Cash at bank and in hand |
|
|
66,551 |
|
|
33,266 |
|
|
|
216,758 |
|
|
166,693 |
|
Creditors: amounts falling due within one year |
|
|
(186,493) |
|
|
(148,192) |
|
Net current assets |
|
|
|
30,265 |
|
|
18,501 |
|
Net assets |
|
|
|
39,820 |
|
|
24,708 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
39,818 |
|
|
24,706 |
|
Shareholder's funds |
|
|
|
39,820 |
|
|
24,708 |
|
|
|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
|
|
Dipesh Patel |
Director |
Approved by the board on 18 August 2016
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PACKAGING & DISPOSABLES LTD
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Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
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|
1 |
Accounting policies |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% Reducing balance
|
|
Motor vehicles |
25% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
8,097 |
|
Additions |
6,557 |
|
Disposals |
(1,384) |
|
At 31 December 2015 |
13,270 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
1,890 |
|
Charge for the year |
2,100 |
|
On disposals |
(275) |
|
At 31 December 2015 |
3,715 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
9,555 |
|
At 31 December 2014 |
6,207 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
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