IRIS Accounts Production v23.3.0.418 01557173 Board of Directors 1.6.22 31.5.23 31.5.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015571732022-05-31015571732023-05-31015571732022-06-012023-05-31015571732021-05-31015571732021-06-012022-05-31015571732022-05-3101557173ns10:Originalns15:EnglandWales2022-06-012023-05-3101557173ns14:PoundSterlingns10:Original2022-06-012023-05-3101557173ns10:Originalns10:Director12022-06-012023-05-3101557173ns10:Original2022-06-012023-05-3101557173ns10:Original2023-05-3101557173ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3101557173ns10:Originalns10:SmallEntities2022-06-012023-05-3101557173ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3101557173ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3101557173ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3101557173ns10:Originalns10:FullAccounts2022-06-012023-05-3101557173ns10:Originalns10:Director22022-06-012023-05-3101557173ns10:Originalns10:Director32022-06-012023-05-3101557173ns10:CompanySecretary1ns10:Original2022-06-012023-05-3101557173ns10:Originalns10:RegisteredOffice2022-06-012023-05-3101557173ns10:Original2022-05-3101557173ns10:Originalns5:CurrentFinancialInstruments2023-05-3101557173ns10:Originalns5:CurrentFinancialInstruments2022-05-3101557173ns5:ShareCapitalns10:Original2023-05-3101557173ns5:ShareCapitalns10:Original2022-05-3101557173ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3101557173ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3101557173ns10:Original2021-06-012022-05-3101557173ns10:Originalns5:PlantMachinery2022-05-3101557173ns10:Originalns5:FurnitureFittings2022-05-3101557173ns10:Original2022-05-3101557173ns10:Originalns5:PlantMachinery2022-06-012023-05-3101557173ns10:Originalns5:FurnitureFittings2022-06-012023-05-3101557173ns10:Originalns5:PlantMachinery2023-05-3101557173ns10:Originalns5:FurnitureFittings2023-05-3101557173ns10:Originalns5:PlantMachinery2022-05-3101557173ns10:Originalns5:FurnitureFittings2022-05-3101557173ns10:Originalns5:CostValuation2022-05-3101557173ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3101557173ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3101557173ns10:Originalns5:WithinOneYear2023-05-3101557173ns10:Originalns5:WithinOneYear2022-05-3101557173ns5:BetweenOneFiveYearsns10:Original2023-05-3101557173ns5:BetweenOneFiveYearsns10:Original2022-05-3101557173ns10:Originalns5:AllPeriods2023-05-3101557173ns10:Originalns5:AllPeriods2022-05-31
REGISTERED NUMBER: 01557173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

PLASCOLOUR LIMITED

PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASCOLOUR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S Burton
Mrs M J Burton
Miss S L Burton





SECRETARY: Mrs M Burton





REGISTERED OFFICE: Unit 1
Sherrington Way
Basingstoke
Hampshire
RG22 4DQ





REGISTERED NUMBER: 01557173 (England and Wales)

PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,759 75,923
Investments 5 97,148 97,148
165,907 173,071

CURRENT ASSETS
Stocks 196,352 211,509
Debtors 6 301,728 754,402
Cash at bank 80,220 208,055
578,300 1,173,966
CREDITORS
Amounts falling due within one year 7 357,245 723,054
NET CURRENT ASSETS 221,055 450,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,962

623,983

PROVISIONS FOR LIABILITIES 17,190 14,425
NET ASSETS 369,772 609,558

PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

BALANCE SHEET - continued
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 368,772 608,558
SHAREHOLDERS' FUNDS 369,772 609,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





S Burton - Director


PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Plascolour Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Unit 1 Sherrington Way, Lister Road, Basingstoke, Hampshire, RG22 4DQ.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of processing of plastic materials.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue (described as turnover) is the value of goods sold during the year, excluding VAT.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Tangible fixed assets
Tangible fixed assets are stated at historical cost, less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 15% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance and Straight line between 3 and 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment, Short term creditors are measured at transaction price.


PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022 454,310 127,512 581,822
Additions 10,500 1,393 11,893
Disposals - (291 ) (291 )
At 31 May 2023 464,810 128,614 593,424
DEPRECIATION
At 1 June 2022 386,874 119,025 505,899
Charge for year 16,389 2,668 19,057
Eliminated on disposal - (291 ) (291 )
At 31 May 2023 403,263 121,402 524,665
NET BOOK VALUE
At 31 May 2023 61,547 7,212 68,759
At 31 May 2022 67,436 8,487 75,923

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 97,148
NET BOOK VALUE
At 31 May 2023 97,148
At 31 May 2022 97,148

PLASCOLOUR LIMITED (REGISTERED NUMBER: 01557173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 246,546 642,125
Amounts owed by participating interests 49 49
Other debtors 55,133 112,228
301,728 754,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 213,980 638,212
Taxation and social security 10,865 28,540
Other creditors 132,400 56,302
357,245 723,054

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 72,806 68,218
Between one and five years 117,534 164,042
190,340 232,260