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REGISTERED NUMBER: 02485677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

C.G.R. Polythene Company Limited

C.G.R. Polythene Company Limited (Registered number: 02485677)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


C.G.R. Polythene Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J Thripp





REGISTERED OFFICE: Unit 72 Powder Mill Lane
Questor Trade Park
Dartford
Kent
DA1 1JA





REGISTERED NUMBER: 02485677 (England and Wales)





ACCOUNTANTS: Finsbury Robinson Limited
237 Westcombe Hill
Blackheath
London
SE3 7DW

C.G.R. Polythene Company Limited (Registered number: 02485677)

Abridged Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,496 23,327

CURRENT ASSETS
Stocks 135,662 97,918
Debtors 276,143 334,286
Cash at bank 29,931 163,380
441,736 595,584
CREDITORS
Amounts falling due within one year 309,530 366,042
NET CURRENT ASSETS 132,206 229,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,702

252,869

CREDITORS
Amounts falling due after more than
one year

50,921

-
NET ASSETS 98,781 252,869

CAPITAL AND RESERVES
Called up share capital 5 55 100
Capital redemption reserve 45 -
Retained earnings 98,681 252,769
SHAREHOLDERS' FUNDS 98,781 252,869

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 director acknowledges his 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.

C.G.R. Polythene Company Limited (Registered number: 02485677)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





Mr J Thripp - Director


C.G.R. Polythene Company Limited (Registered number: 02485677)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

C.G.R. Polythene Company 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.


C.G.R. Polythene Company Limited (Registered number: 02485677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 332,064
DEPRECIATION
At 1 April 2022 308,737
Charge for year 5,831
At 31 March 2023 314,568
NET BOOK VALUE
At 31 March 2023 17,496
At 31 March 2022 23,327

C.G.R. Polythene Company Limited (Registered number: 02485677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
55 Share capital 1 £1 55 100
(31.3.22 - NIL)

During the year there were 45 £1 ordinary shares cancelled.