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REGISTERED NUMBER: 00518906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PLASTICS FABRICATION & PRINTING LIMITED

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASTICS FABRICATION & PRINTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Leask
I Michael





REGISTERED OFFICE: Unit 24 Peverel Drive
Granby Industrial Estate
Bletchley
Milton Keynes
Buckinghamshire
MK1 1NW





REGISTERED NUMBER: 00518906 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,824 8,420

CURRENT ASSETS
Stocks 267,891 207,685
Debtors 5 258,079 626,430
Cash at bank and in hand 451,739 364,481
977,709 1,198,596
CREDITORS
Amounts falling due within one year 6 132,599 338,800
NET CURRENT ASSETS 845,110 859,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,934

868,216

PROVISIONS FOR LIABILITIES 4,337 1,600
NET ASSETS 863,597 866,616

CAPITAL AND RESERVES
Called up share capital 8 2,004 2,004
Capital redemption reserve 401 401
Retained earnings 861,192 864,211
SHAREHOLDERS' FUNDS 863,597 866,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





M Leask - Director


PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


1. STATUTORY INFORMATION

Plastics Fabrication & Printing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


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
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods provided in the normal course of business, net of discounts and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Equipment - 20% on cost

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


2. ACCOUNTING POLICIES - continued

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.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 56,407 4,328 4,299 3,416 68,450
Additions 12,267 - 7,799 - 20,066
Disposals - - (4,299 ) - (4,299 )
At 31 March 2023 68,674 4,328 7,799 3,416 84,217
DEPRECIATION
At 1 April 2022 50,655 3,271 4,299 1,805 60,030
Charge for year 3,581 264 1,300 517 5,662
Eliminated on disposal - - (4,299 ) - (4,299 )
At 31 March 2023 54,236 3,535 1,300 2,322 61,393
NET BOOK VALUE
At 31 March 2023 14,438 793 6,499 1,094 22,824
At 31 March 2022 5,752 1,057 - 1,611 8,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,533 348,115
Amounts owed by group undertakings 89,313 149,313
Other debtors 21,733 129,002
Directors' current accounts 36,500 -
258,079 626,430

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,500 81,374
Tax 9,766 115,249
Social security and other taxes 3,070 6,820
VAT 24,078 99,447
Other creditors 39,601 12,366
Directors' loan accounts - 200
Accruals and deferred income 19,584 23,344
132,599 338,800

7. FINANCIAL COMMITMENTS

The company had annual operating lease commitments of £196,813 (2022 - £232,063). This expires in October 2028.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,004 Ordinary £1 2,004 2,004

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M Leask
Balance outstanding at start of year - -
Amounts advanced 25,800 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,800 -

I Michael
Balance outstanding at start of year - -
Amounts advanced 10,700 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,700 -

The loans are interest free and repayable on demand.