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Registration number: 07376116

Polymer Depolymerisation Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

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

 

Polymer Depolymerisation Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

Polymer Depolymerisation Limited
(Registration number: 07376116)
Abbreviated Balance Sheet at 30 September 2015

 

Note

    

2015
£

    

2014
£

  

Current assets

  

   

   

 

Cash at bank and in hand

  

   

7,559

   

8,696

 

Creditors: Amounts falling due within one year

  

   

(17,968)

   

(18,304)

 

Net liabilities

  

   

(10,409)

   

(9,608)

 

Capital and reserves

  

   

   

 

Called up share capital

 

2

   

100

   

100

 

Profit and loss account

  

   

(10,509)

   

(9,708)

 

Shareholders' deficit

  

   

(10,409)

   

(9,608)

 

For the year ending 30 September 2015 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 29 February 2016 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 2015
......... 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 and current financial periods. 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.

2

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

Page 2