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REGISTERED NUMBER: 08795274 (England and Wales)















ONLINE BUILDING PLASTICS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015






ONLINE BUILDING PLASTICS LTD (REGISTERED NUMBER: 08795274)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

ONLINE BUILDING PLASTICS LTD (REGISTERED NUMBER: 08795274)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 7,000 10,500
Tangible assets 3 10,298 7,850
17,298 18,350

CURRENT ASSETS
Stocks 50,685 32,231
Debtors 13,734 4,980
Cash at bank 30,638 30,601
95,057 67,812
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

105,174

83,425
NET CURRENT LIABILITIES (10,117 ) (15,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,181

2,737

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 7,081 2,637
SHAREHOLDERS' FUNDS 7,181 2,737

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 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.

ONLINE BUILDING PLASTICS LTD (REGISTERED NUMBER: 08795274)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 22 December 2016 and were signed by:





J R Smale - Director


ONLINE BUILDING PLASTICS LTD (REGISTERED NUMBER: 08795274)

NOTES TO THE ABBREVIATED ACCOUNTS
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 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
At 1 January 2015
and 31 December 2015 14,000
AMORTISATION
At 1 January 2015 3,500
Amortisation for year 3,500
At 31 December 2015 7,000
NET BOOK VALUE

At 31 December 2015 7,000
At 31 December 2014 10,500

ONLINE BUILDING PLASTICS LTD (REGISTERED NUMBER: 08795274)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 10,008
Additions 5,200
At 31 December 2015 15,208
DEPRECIATION
At 1 January 2015 2,158
Charge for year 2,752
At 31 December 2015 4,910
NET BOOK VALUE
At 31 December 2015 10,298
At 31 December 2014 7,850

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100