1 January 2022 false No description of principal activity Taxfiler 2023.9 02753600business:PrivateLimitedCompanyLtd2022-01-012022-12-31 027536002021-12-31 027536002022-01-012022-12-31 02753600business:AuditExemptWithAccountantsReport2022-01-012022-12-31 02753600business:FilletedAccounts2022-01-012022-12-31 027536002022-12-31 02753600business:Director12022-01-012022-12-31 02753600business:RegisteredOffice2022-01-012022-12-31 027536002021-12-31 02753600core:WithinOneYear2022-12-31 02753600core:WithinOneYear2021-12-31 02753600core:AfterOneYear2022-12-31 02753600core:AfterOneYear2021-12-31 02753600core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 02753600core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 02753600core:RevaluationReservecore:PreviouslyStatedAmount2022-12-31 02753600core:RevaluationReservecore:PreviouslyStatedAmount2021-12-31 02753600core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 02753600core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 02753600core:PreviouslyStatedAmount2022-12-31 02753600core:PreviouslyStatedAmount2021-12-31 02753600business:SmallEntities2022-01-012022-12-31 02753600countries:EnglandWales2022-01-012022-12-31 02753600core:PlantMachinery2022-01-012022-12-31 02753600core:MotorVehicles2022-01-012022-12-31 02753600core:LandBuildings2021-12-31 02753600core:PlantMachinery2021-12-31 02753600core:MotorVehicles2021-12-31 02753600core:LandBuildings2022-12-31 02753600core:PlantMachinery2022-12-31 02753600core:MotorVehicles2022-12-31 02753600core:LandBuildings2022-01-012022-12-31 027536002021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 02753600 (England and Wales)
J.g. Black Polymers Limited Unaudited accounts for the year ended 31 December 2022
J.g. Black Polymers Limited Unaudited accounts Contents
Page
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J.g. Black Polymers Limited Company Information for the year ended 31 December 2022
Director
John Gilchrist Black
Company Number
02753600 (England and Wales)
Registered Office
Aldersyde Lowick Green Ulverston Cumbria LA12 8DY England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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J.g. Black Polymers Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
385,157 
401,005 
Current assets
Debtors
433 
- 
Cash at bank and in hand
8,548 
22,512 
8,981 
22,512 
Creditors: amounts falling due within one year
(48,954)
(90,598)
Net current liabilities
(39,973)
(68,086)
Total assets less current liabilities
345,184 
332,919 
Creditors: amounts falling due after more than one year
(22,496)
- 
Net assets
322,688 
332,919 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
192,914 
192,914 
Profit and loss account
128,774 
139,005 
Shareholders' funds
322,688 
332,919 
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
John Gilchrist Black Director Company Registration No. 02753600
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J.g. Black Polymers Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
J.g. Black Polymers Limited is a private company, limited by shares, registered in England and Wales, registration number 02753600. The registered office is Aldersyde, Lowick Green, Ulverston, Cumbria, LA12 8DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
337,616 
19,556 
64,963 
422,135 
At 31 December 2022
337,616 
19,556 
64,963 
422,135 
Depreciation
At 1 January 2022
- 
4,890 
16,240 
21,130 
Charge for the year
- 
3,667 
12,181 
15,848 
At 31 December 2022
- 
8,557 
28,421 
36,978 
Net book value
At 31 December 2022
337,616 
10,999 
36,542 
385,157 
At 31 December 2021
337,616 
14,666 
48,723 
401,005 
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J.g. Black Polymers Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
433 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
7,120 
36,585 
VAT
759 
- 
Obligations under finance leases and hire purchase contracts
37,078 
47,616 
Loans from directors
3,297 
5,797 
Accruals
700 
600 
48,954 
90,598 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
22,496 
- 
8
Transactions with related parties
There is an amount owing to the director of £3,297 (2021: £5.797). No interest has been charged on this balance.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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