REGISTERED NUMBER: 03855534 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Plaspipes Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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:

Gardiner Hunter & Catt Limited

Chartered Certified Accountants

2 Clarendon Road

Ashford

Middlesex

TW15 2QE

FIXED ASSETS

Tangible assets

2

43,717

53,362

CURRENT ASSETS

Stocks

79,487

74,262

Debtors

1,130,506

752,889

Cash at bank and in hand

298,326

243,990

1,508,319

1,071,141

CREDITORS

Amounts falling due within one year

849,199

608,923

NET CURRENT ASSETS

659,120

462,218

TOTAL ASSETS LESS CURRENT LIABILITIES

702,837

515,580

CAPITAL AND RESERVES

Called up share capital

3

930

920

Profit and loss account

701,907

514,660

SHAREHOLDERS' FUNDS

702,837

515,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 July 2015 and were signed on its behalf by:

R J T Mills - Director

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 April 2008).

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

95,098

Additions

411

At 31 December 2014

95,509

DEPRECIATION

At 1 January 2014

41,736

Charge for year

10,056

At 31 December 2014

51,792

NET BOOK VALUE

At 31 December 2014

43,717

At 31 December 2013

53,362

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

900

Ordinary 'A' Shares

£1

900

900

30

Ordinary 'B' Shares

£1

30

20

930

920

10 Ordinary 'B' Shares shares of £1 each were allotted and fully paid for cash at par during the year.