04999678falsethe supply of double glazing units and associated plastic products2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director22022-03-012023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04999678

Cybi Building Plastics Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

Cybi Building Plastics Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
I M Jones
G A Jones
SECRETARY
REGISTERED OFFICE
Unit 1
Gaerwen Industrial Estate
Gaerwen
Anglesey
LL60 6HR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04999678
ACCOUNTANTS
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

Cybi Building Plastics Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Cybi Building Plastics Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets24,2555,670
CURRENT ASSETS
Stock58,88675,225
Debtors4195,340248,372
Cash at bank and in hand156,483204,286
410,709527,883
CREDITORS: Amounts falling due within one year550,689143,376
NET CURRENT ASSETS360,020384,507
TOTAL ASSETS LESS CURRENT LIABILITIES364,275390,177
PROVISIONS FOR LIABILITIES AND CHARGES78081,077
NET ASSETS363,467389,100
CAPITAL AND RESERVES
Called up share capital870,00570,005
Profit and loss account293,462319,095
SHAREHOLDERS' FUNDS363,467389,100
For the year ending 28/02/2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/11/2023 and signed on their behalf by
.............................
G A Jones
Director

Cybi Building Plastics Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesreducing balance 15%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Cybi Building Plastics Limited

2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/03/202211,85968,99320,7802,505104,137
At 28/02/202311,85968,99320,7802,505104,137
Depreciation
At 01/03/202211,85964,31319,7902,50598,467
For the year-1,170245-1,415
At 28/02/202311,85965,48320,0352,50599,882
Net Book Amounts
At 28/02/2023-3,510745-4,255
At 28/02/2022-4,680990-5,670
3. STOCK 20232022
££
Stock comprises:
Stock58,88675,225
58,88675,225
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors52,130105,162
Other debtors143,210143,210
195,340248,372

Cybi Building Plastics Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax18018,827
VAT5149,924
PAYE control4,1584,234
Salaries and wages control1,3011,265
Credit card-1,495
Trade creditors37,57586,321
Other creditors5,13619,485
Accruals1,8251,825
50,689143,376
6. EMPLOYEES
20232022
No.No.
Average number of employees66
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation8081,077
8081,077
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
70005 Ordinary shares of £1.00 each7000570005
70,00570,005

Cybi Building Plastics Limited

9. CONTROLLING PARTY
The company is a wholly owned subsidiary of MGC Ynys Mon Limited, a company registered in England & Wales.
10. RELATED PARTY TRANSACTIONS
M&G Windows Ynys Mon Limited is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company made sales of £59,346 (2022 £36,663) to M&G Windows Ynys Mon Limited, and purchases of £26,078 (2022 £23,272 from M&G Windows Ynys Mon Limited. At 28 February 2022 the balance due to M&G Windows Ynys Mon Limited was £16,817 (2022 debtor £829).
The company is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company paid management charges of £91,250 (2022 £102,000) to MGC Ynys Mon Limited. At 28 February 2023, the balance due from MGC Ynys Mon Limited was £113,550 (2022 £106,550).