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REGISTERED NUMBER: 09697916 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Leicester Building Plastics Ltd

Leicester Building Plastics Ltd (Registered number: 09697916)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leicester Building Plastics Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S J Hunt
Mrs D A Owens





REGISTERED OFFICE: Unit 1, Oswin Road
Brailsford Industrial Park
Leicester
LE3 1HR





REGISTERED NUMBER: 09697916 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Leicester Building Plastics Ltd (Registered number: 09697916)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,000 6,000
Tangible assets 5 154,018 120,259
Investments 6 1,300 1,300
159,318 127,559

CURRENT ASSETS
Stocks 450,000 350,000
Debtors 7 425,256 582,736
Cash at bank and in hand 387,928 245,613
1,263,184 1,178,349
CREDITORS
Amounts falling due within one year 8 (918,178 ) (896,856 )
NET CURRENT ASSETS 345,006 281,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,324

409,052

CREDITORS
Amounts falling due after more than one
year

9

(67,871

)

(70,552

)

PROVISIONS FOR LIABILITIES (22,155 ) (25,059 )
NET ASSETS 414,298 313,441

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 414,296 313,439
SHAREHOLDERS' FUNDS 414,298 313,441

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

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

Leicester Building Plastics Ltd (Registered number: 09697916)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mrs D A Owens - Director


Leicester Building Plastics Ltd (Registered number: 09697916)

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

1. STATUTORY INFORMATION

Leicester Building Plastics Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at lower of cost and estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leicester Building Plastics Ltd (Registered number: 09697916)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Fixed asset investments are measured at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 20,000
AMORTISATION
At 1 September 2022 14,000
Amortisation for year 2,000
At 31 August 2023 16,000
NET BOOK VALUE
At 31 August 2023 4,000
At 31 August 2022 6,000

Leicester Building Plastics Ltd (Registered number: 09697916)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 18,398 13,186 176,170 38,001 245,755
Additions 584 3,650 152,162 417 156,813
Disposals - - (129,730 ) - (129,730 )
At 31 August 2023 18,982 16,836 198,602 38,418 272,838
DEPRECIATION
At 1 September 2022 13,760 12,995 82,507 16,234 125,496
Charge for year 1,395 686 15,846 11,463 29,390
Eliminated on disposal - - (36,066 ) - (36,066 )
At 31 August 2023 15,155 13,681 62,287 27,697 118,820
NET BOOK VALUE
At 31 August 2023 3,827 3,155 136,315 10,721 154,018
At 31 August 2022 4,638 191 93,663 21,767 120,259

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 1,300
NET BOOK VALUE
At 31 August 2023 1,300
At 31 August 2022 1,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 232,567 334,463
Other debtors 192,689 248,273
425,256 582,736

Other debtors includes prepayments and accrued income of £5,548 (2022: £5,797).

Leicester Building Plastics Ltd (Registered number: 09697916)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 9,918 9,780
Hire purchase contracts 7,834 15,947
Trade creditors 374,432 403,694
Taxation and social security 48,040 46,859
Other creditors 477,954 420,576
918,178 896,856

Other creditors includes accruals and deferred income of £14,307 (2022: £12,677).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,002 29,123
Hire purchase contracts 48,869 41,429
67,871 70,552

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 28,920 38,903
Hire purchase contracts 56,703 57,376
85,623 96,279

Hire purchase liabilities are secured against the individual assets being so acquired.

The bank loan is secured against the assets of the company.