REGISTERED NUMBER: 08795274 (England and Wales)

ONLINE BUILDING PLASTICS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 28 NOVEMBER 2013 TO 31 DECEMBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

10,500

Tangible assets

3

7,850

18,350

CURRENT ASSETS

Stocks

32,231

Debtors

4,980

Cash at bank

30,601

67,812

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

83,425

NET CURRENT LIABILITIES

(15,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,737

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

2,637

SHAREHOLDERS' FUNDS

2,737

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 August 2015 and were signed by:

J R Smale - 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 and services, net of value added tax and trade

discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

14,000

At 31 December 2014

14,000

AMORTISATION

Amortisation for period

3,500

At 31 December 2014

3,500

NET BOOK VALUE

At 31 December 2014

10,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,008

At 31 December 2014

10,008

DEPRECIATION

Charge for period

2,158

At 31 December 2014

2,158

NET BOOK VALUE

At 31 December 2014

7,850

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .