Company Registration No. 03199041 (England and Wales)
ABBEYWOOD PACKAGING LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
ABBEYWOOD PACKAGING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBEYWOOD PACKAGING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
599
1,214
Current assets
Stocks
377,389
207,928
Debtors
1,005,191
960,765
Cash at bank and in hand
28,368
419,241
1,410,948
1,587,934
Creditors: amounts falling due within one year
(410,848)
(603,737)
Net current assets
1,000,100
984,197
Total assets less current liabilities
1,000,699
985,411
Capital and reserves
Called up share capital
3
60
60
Other reserves
40
40
Profit and loss account
1,000,599
985,311
Shareholders' funds
1,000,699
985,411
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 December 2016
Mr L J Dicken
Director
Company Registration No. 03199041
ABBEYWOOD PACKAGING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
Fixtures, fittings & equipment
15% reducing balance - 33.3% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
51,351
Depreciation
At 1 April 2015
50,137
Charge for the year
615
At 31 March 2016
50,752
Net book value
At 31 March 2016
599
At 31 March 2015
1,214
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
60 Ordinary shares of £1 each
60
60
4
Related party relationships and transactions
ABBEYWOOD PACKAGING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
4
Related party relationships and transactions
(Continued)
- 3 -
During the year the company incurred overhead and material charges from a separate business entity in which the directors have a material business interest. At 31 March 2016 this company owed £Nil (2015: £11,089) to the entity.