Polymer Depolymerisation Limited - Period Ending 2014-09-30

Polymer Depolymerisation Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Polymer Depolymerisation Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

Polymer Depolymerisation Limited
(Registration number: 07376116)
Abbreviated Balance Sheet at 30 September 2014

	Note	2014 £	2013 £
Current assets
Debtors		-	73
Cash at bank and in hand		8,696	27,000
		8,696	27,073
Creditors: Amounts falling due within one year		(18,304)	(50,306)
Net liabilities		(9,608)	(23,233)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(9,708)	(23,333)
Shareholders' deficit		(9,608)	(23,233)

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 11 June 2015 and signed on its behalf by:

.........................................
Mr M R Thatcher
Director

The notes on page 2 form an integral part of these financial statements.

Page 1

Polymer Depolymerisation Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The company balance sheet is showing negative reserves due to the losses made in the previous financial period. The directors remain fully committed to the company and forecasts that it will be able to meet its day to day working capital requirements to continue trading into the foreseeable future with their continued support. The directors also anticipate that the company will be profitable in the next financial year. For these reasons, the going concern basis remains appropriate.

Turnover

Turnover represents amounts received in respect of the approved offer of funding by the Welsh Government, for the technical feasibility study phase.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more, or a right to pay less, tax in the future have occured at the balance sheet date. This is subject to deferred tax assets only being recognised if it is considered more likely than nat that there will be suitable profits from which the future reversal of the underlying timing differences can be deducted. Timing differences are differences arising between the Company's taxable profits and its results as stated in the financial statements, which are capable of reversal in one or more subsequent periods.

Pensions

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. Retirement benefits were accruing to two directors in respect of money purchase schemes.

2	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

Page 2