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REGISTERED NUMBER: 03855534 (England and Wales)










Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

Plaspipes Ltd

Plaspipes Ltd (Registered number: 03855534)






Contents of the Financial Statements
for the Year Ended 31 December 2015




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


Plaspipes Ltd

Company Information
for the Year Ended 31 December 2015







DIRECTORS: Mrs D A Mills
R J T Mills





SECRETARY: Mrs D J Wring





REGISTERED OFFICE: c/o Vermeulens Heathrow
Horton Road
Staines upon Thames
Middlesex
TW19 6AE





REGISTERED NUMBER: 03855534 (England and Wales)





ACCOUNTANTS: Crick Heitman
Chartered Certified Accountants
2 Clarendon Road
Ashford
Middlesex
TW15 2QE

Plaspipes Ltd (Registered number: 03855534)

Report of the Directors
for the Year Ended 31 December 2015

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the supply and fabrication of plastic pipes.

DIRECTORS
The directors during the year under review were:

Mrs D A Mills
R J T Mills

The beneficial interests of the directors holding office on 31 December 2015 in the issued share capital of the company
were as follows:
31.12.15 1.1.15
Ordinary 'A' Shares £1 shares

Mrs D A Mills 450 450
R J T Mills 450 450

Ordinary 'B' Shares £1 shares

Mrs D A Mills - -
R J T Mills - -

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





R J T Mills - Director


23 September 2016

Plaspipes Ltd (Registered number: 03855534)

Profit and Loss Account
for the Year Ended 31 December 2015

31.12.15 31.12.14
Notes £    £   

TURNOVER 5,997,747 4,852,131

Cost of sales 5,192,451 4,068,103
GROSS PROFIT 805,296 784,028

Administrative expenses 348,025 399,005
457,271 385,023

Other operating income 5,270 2,000
OPERATING PROFIT 2 462,541 387,023

Interest receivable and similar income 2,301 1,218
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

464,842

388,241

Tax on profit on ordinary activities 3 95,851 80,994
PROFIT FOR THE FINANCIAL YEAR 368,991 307,247

Plaspipes Ltd (Registered number: 03855534)

Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 34,251 43,717

CURRENT ASSETS
Stocks 84,836 79,487
Debtors 6 764,479 1,130,506
Cash at bank and in hand 983,083 298,326
1,832,398 1,508,319
CREDITORS
Amounts falling due within one year 7 1,074,821 849,199
NET CURRENT ASSETS 757,577 659,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,828

702,837

CAPITAL AND RESERVES
Called up share capital 8 930 930
Profit and loss account 9 790,898 701,907
SHAREHOLDERS' FUNDS 791,828 702,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


The financial statements were approved by the Board of Directors on 23 September 2016 and were signed on its behalf
by:





R J T Mills - Director


Plaspipes Ltd (Registered number: 03855534)

Notes to the Financial Statements
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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 the profit and loss account in the period to which they relate.

2. OPERATING PROFIT

The operating profit is stated after charging:

31.12.15 31.12.14
£    £   
Depreciation - owned assets 10,253 10,056

Directors' remuneration and other benefits etc 35,638 77,953

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
31.12.15 31.12.14
£    £   
Current tax:
UK corporation tax 95,851 80,994
Tax on profit on ordinary activities 95,851 80,994

Plaspipes Ltd (Registered number: 03855534)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2015

4. DIVIDENDS
31.12.15 31.12.14
£    £   
Ordinary 'A' Shares shares of £1 each
Interim 220,000 80,000
Ordinary 'B' Shares shares of £1 each
Interim 60,000 40,000
280,000 120,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2015 95,509
Additions 787
At 31 December 2015 96,296
DEPRECIATION
At 1 January 2015 51,792
Charge for year 10,253
At 31 December 2015 62,045
NET BOOK VALUE
At 31 December 2015 34,251
At 31 December 2014 43,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.15 31.12.14
£    £   
Trade debtors 762,739 1,112,199
Other debtors 1,740 18,307
764,479 1,130,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.15 31.12.14
£    £   
Trade creditors 852,125 729,199
Taxation and social security 217,077 114,866
Other creditors 5,619 5,134
1,074,821 849,199

Plaspipes Ltd (Registered number: 03855534)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2015

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
900 Ordinary 'A' Shares £1 900 900
30 Ordinary 'B' Shares £1 30 30
930 930

9. RESERVES
Profit
and loss
account
£   

At 1 January 2015 701,907
Profit for the year 368,991
Dividends (280,000 )
At 31 December 2015 790,898


10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.