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REGISTERED NUMBER: 03855534 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2016

for

Plaspipes Ltd

Plaspipes Ltd (Registered number: 03855534)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Plaspipes Ltd

Company Information
for the Year Ended 31 December 2016







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)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,101 34,251
Investment property 5 222,978 -
252,079 34,251

CURRENT ASSETS
Stocks 87,487 84,836
Debtors 6 877,621 764,479
Cash at bank and in hand 709,370 983,083
1,674,478 1,832,398
CREDITORS
Amounts falling due within one year 7 845,293 1,074,821
NET CURRENT ASSETS 829,185 757,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,081,264

791,828

CAPITAL AND RESERVES
Called up share capital 930 930
Retained earnings 1,080,334 790,898
SHAREHOLDERS' FUNDS 1,081,264 791,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 May 2017 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 2016

1. STATUTORY INFORMATION

Plaspipes Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

Plaspipes Ltd (Registered number: 03855534)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 96,296
Additions 6,805
At 31 December 2016 103,101
DEPRECIATION
At 1 January 2016 62,045
Charge for year 11,955
At 31 December 2016 74,000
NET BOOK VALUE
At 31 December 2016 29,101
At 31 December 2015 34,251

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 222,978
At 31 December 2016 222,978
NET BOOK VALUE
At 31 December 2016 222,978

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 875,706 762,739
Other debtors 1,915 1,740
877,621 764,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 605,981 852,125
Taxation and social security 232,498 217,077
Other creditors 6,814 5,619
845,293 1,074,821

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J T Mills and Mrs D A Mills.