REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
WEST LONDON PLASTICS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
WEST LONDON PLASTICS LIMITED |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2023 |
Page |
Company information | 1 |
Statement of financial position | 2 |
Notes to the financial statements | 4 |
WEST LONDON PLASTICS LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 March 2023 |
Directors: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
Chartered Certified Accountants & |
Statutory Auditor |
Unit 2, 32-34 Station Close |
Potters Bar |
Hertfordshire |
EN6 1TL |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
STATEMENT OF FINANCIAL POSITION |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Investments | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
STATEMENT OF FINANCIAL POSITION - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2023 |
1. | Statutory information |
West London Plastics Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2023 |
2. | Accounting policies - continued |
Turnover |
a) Turnover consists of rents receivable. The receipts are derived from the rental of industrial investment properties. |
b) Investment properties: Individual freehold and leasehold properties are revalued every three years with the surplus or deficit on book value being transferred to the revaluation reserve, unless a deficit (or its reversal) is expected to be permanent, in which case it is charged (or credited) to the profit and loss account. Where depreciation charges are increased following a revaluation, an amount equal to the increase is transferred annually from the revaluation reserve to the profit and loss account as a movement on reserves. On the disposal of a revalued fixed asset, any related balance in the revaluation reserve is also transferred to the profit and loss account as a movement on reserves. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Freehold |
property |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
5. | Debtors |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts falling due after more than one year: |
Amounts owed by participating interests | 49,980 | 49,980 |
Aggregate amounts |
6. | Current asset investments |
2023 | 2022 |
£ | £ |
Listed investments | 1,575 | 1,575 |
WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2023 |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 20,000 | 20,000 |