Registered number
13011484
Plasterite Mouldings Ltd
Filleted Accounts
31 August 2023
Plasterite Mouldings Ltd
Registered number: 13011484
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Stocks 5,000 5,000
Debtors 3 50,398 35,463
Cash at bank and in hand - 1,466
55,398 41,929
Creditors: amounts falling due within one year 4 (43,151) (29,803)
Net current assets 12,247 12,126
Net assets 12,247 12,126
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,147 12,026
Shareholders' funds 12,247 12,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P St John
Director
Approved by the board on 12 January 2024
Plasterite Mouldings Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 39,740 35,326
Amounts owed by group undertakings and undertakings in which the company has a participating interest 9,630 90
Other debtors 1,028 47
50,398 35,463
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,396 -
Trade creditors 30,618 19,396
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,256 2,015
Taxation and social security costs 6,831 8,392
Other creditors 50 -
43,151 29,803
5 Other information
Plasterite Mouldings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holmshaw Farm
Layhams Road
Keston
Kent
BR2 6AR
Plasterite Mouldings Ltd 13011484 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 release 2 Mr P St John No description of principal activity 13011484 2021-09-01 2022-08-31 13011484 core:WithinOneYear 2022-08-31 13011484 core:ShareCapital 2022-08-31 13011484 core:RetainedEarningsAccumulatedLosses 2022-08-31 13011484 2022-09-01 2023-08-31 13011484 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13011484 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13011484 bus:Director40 2022-09-01 2023-08-31 13011484 1 2022-09-01 2023-08-31 13011484 2 2022-09-01 2023-08-31 13011484 countries:England 2022-09-01 2023-08-31 13011484 bus:FRS102 2022-09-01 2023-08-31 13011484 bus:FullAccounts 2022-09-01 2023-08-31 13011484 2023-08-31 13011484 core:WithinOneYear 2023-08-31 13011484 core:ShareCapital 2023-08-31 13011484 core:RetainedEarningsAccumulatedLosses 2023-08-31 13011484 2022-08-31 iso4217:GBP xbrli:pure