Period from
Company Registration Number:
Polymer Industries Limited
Contents
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Polymer Industries Limited
Directors' Report
Period from 7 October 2013 to 31 March 2015
The directors present their report and the unaudited financial statements for the period from 7 October 2013 to 31 March 2015.
Incorporation
The company was incorporated on 7 October 2013 .
Directors of the company
The directors who held office during the period were as follows:
Principal activity
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
Mr J Goozee
Director
Polymer Industries Limited
Profit and Loss Account
Period from 7 October 2013 to 31 March 2015
Note |
7 October 2013 to 31 March 2015
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Other operating income |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar charges |
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Profit on ordinary activities before taxation |
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Profit for the financial period |
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2
Polymer Industries Limited
Balance Sheet
31 March 2015
Note |
31 March 2015
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Current assets |
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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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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Polymer Industries Limited
Balance Sheet
31 March 2015
......... continued
Approved and authorised for issue by the Board on
Mr J Goozee
Director
Mr J Gibbins
Director
Company Registration Number: 08721277
4
Polymer Industries Limited
Notes to the Financial Statements
Period from 7 October 2013 to 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Stock
Hire purchase and leasing
Debtors |
31 March 2015
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
25,835 |
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Other debtors |
26,281 |
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Polymer Industries Limited
Notes to the Financial Statements
Period from 7 October 2013 to 31 March 2015
......... continued
Creditors: Amounts falling due within one year |
31 March 2015
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Trade creditors |
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Obligations under hire purchase contracts |
1,902 |
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VAT |
2,970 |
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PAYE and NIC creditor |
430 |
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Accruals |
1,800 |
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Director's current account - Mr J Gibbins |
8,448 |
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Director's current account - Mr J Goozee |
8,498 |
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Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the company:
31 March 2015
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Hire purchase contracts |
1,902 |
Creditors: Amounts falling due after more than one year |
31 March 2015
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Obligations under hire purchase contracts |
3,496 |
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Other creditors |
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Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the company:
31 March 2015
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Hire purchase contracts |
3,496 |
Polymer Industries Limited
Notes to the Financial Statements
Period from 7 October 2013 to 31 March 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
31 March 2015 |
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No. |
£ |
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New shares allotted
During the period
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Reserves |
Profit and loss account
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Profit for the period |
37,301 |
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At 31 March 2015 |
37,301 |
Related party transactions |
Other related party transactions |
During the period the company made the following related party transactions: |
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Polymer Industries Limited
Notes to the Financial Statements
Period from 7 October 2013 to 31 March 2015
......... continued
Control |
The immediate parent company is
The ultimate controlling party is
Polymer Industries Limited
Chartered
Accountants' Report to the
Board of Directors
on the Preparation of the Unaudited Statutory Accounts
Period
Ended
31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Polymer Industries Limited for the period ended 31 March 2015 set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Polymer Industries Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Polymer Industries Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Polymer Industries Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Polymer Industries Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Polymer Industries Limited. You consider that Polymer Industries Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Polymer Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Francis Clark LLP
North Quay House
Sutton Harbour
Plymouth
Devon
PL4 0RA
3 July 2015