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COMPANY REGISTRATION NUMBER: 09815806
Amber Plastics Holdings Limited
Filleted Unaudited Financial Statements
31 March 2023
Amber Plastics Holdings Limited
Financial Statements
Year Ended 31 March 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
Amber Plastics Holdings Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed Assets
Investments
5
660,000
660,000
Creditors: amounts falling due within one year
6
57,771
9,365
--------
-------
Net Current Liabilities
57,771
9,365
---------
---------
Total Assets Less Current Liabilities
602,229
650,635
Creditors: amounts falling due after more than one year
7
264,084
339,417
---------
---------
Net Assets
338,145
311,218
---------
---------
Capital and Reserves
Called up share capital
8
100
100
Profit and loss account
338,045
311,118
---------
---------
Shareholders Funds
338,145
311,218
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr A Bunting
Director
Company registration number: 09815806
Amber Plastics Holdings Limited
Notes to the Financial Statements
Year Ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and the company's place of business is Broombank Road, Chesterfield Industrial Estate, Chestefield, Derbyshire, S41 9QJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
1,809,084
------------
Impairment
At 1 April 2022 and 31 March 2023
1,149,084
------------
Carrying amount
At 31 March 2023
660,000
------------
At 31 March 2022
660,000
------------
On 2 February 2016, the company acquired 100% of the issued share capital of Amber Plastics Limited, a company incorporated in England & Wales.
The principal activity of Amber Plastics Limited is the manufacture of plastic products.
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,178
3,697
Other creditors
53,593
5,668
--------
-------
57,771
9,365
--------
-------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
264,084
339,417
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 1 each
75
75
75
75
Ordinary B shares of £ 1 each
25
25
25
25
----
----
----
----
100
100
100
100
----
----
----
----
ShareCapital