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REGISTERED NUMBER: 07932009 (England and Wales)














CDM PLASTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

CDM PLASTICS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: R S Jones
C A Way
C Moule





REGISTERED OFFICE: 9 The IO Centre
Nash Road
Park Farm
Redditch
Worcestershire
B98 7AS





REGISTERED NUMBER: 07932009 (England and Wales)





ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA

CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)

BALANCE SHEET
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,681 3,648
Tangible assets 5 262,245 301,966
Investments 6 369,360 349,346
633,286 654,960

CURRENT ASSETS
Stocks 11,331 4,479
Debtors 7 1,080,969 557,718
Cash at bank and in hand 150,946 514,725
1,243,246 1,076,922
CREDITORS
Amounts falling due within one year 8 367,138 332,675
NET CURRENT ASSETS 876,108 744,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,394

1,399,207

PROVISIONS FOR LIABILITIES 65,562 57,373
NET ASSETS 1,443,832 1,341,834

CAPITAL AND RESERVES
Called up share capital 10 60 60
Capital redemption reserve 40 40
Retained earnings 1,443,732 1,341,734
SHAREHOLDERS' FUNDS 1,443,832 1,341,834

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

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

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 April 2024 and were signed on its behalf by:



R S Jones - Director


CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

CDM Plastics 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, together with the value of uninvoiced work.

Fixed asset investments
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Other investments are recorded at fair value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - over the period of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Government grants
The company has adopted the performance model for the treatment of grants whereby they are written off to the profit and loss account in the period of receipt.

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 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.

CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 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 the 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.

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 14 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1 14,750 14,751
AMORTISATION
At 1 November 2022 1 11,102 11,103
Amortisation for year - 1,967 1,967
At 31 October 2023 1 13,069 13,070
NET BOOK VALUE
At 31 October 2023 - 1,681 1,681
At 31 October 2022 - 3,648 3,648

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 November 2022 14,686 404,450 16,630
Additions - 28,753 -
Disposals - (7,506 ) -
At 31 October 2023 14,686 425,697 16,630
DEPRECIATION
At 1 November 2022 14,686 136,988 13,255
Charge for year - 55,990 675
Eliminated on disposal - (3,209 ) -
At 31 October 2023 14,686 189,769 13,930
NET BOOK VALUE
At 31 October 2023 - 235,928 2,700
At 31 October 2022 - 267,462 3,375

CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 26,000 21,228 482,994
Additions - - 28,753
Disposals - - (7,506 )
At 31 October 2023 26,000 21,228 504,241
DEPRECIATION
At 1 November 2022 1,804 14,295 181,028
Charge for year 6,049 1,463 64,177
Eliminated on disposal - - (3,209 )
At 31 October 2023 7,853 15,758 241,996
NET BOOK VALUE
At 31 October 2023 18,147 5,470 262,245
At 31 October 2022 24,196 6,933 301,966

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 November 2022 349,346
Additions 7,460
Revaluations 12,554
At 31 October 2023 369,360
NET BOOK VALUE
At 31 October 2023 369,360
At 31 October 2022 349,346

Cost or valuation at 31 October 2023 is represented by:

Listed
investments
£   
Valuation in 2022 (50,654 )
Valuation in 2023 12,554
Cost 407,460
369,360

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 616,115 544,089
Amounts owed by group undertakings 199 315
Amounts owed by associates 450,000 -
Prepayments and accrued income 14,655 13,314
1,080,969 557,718

CDM PLASTICS LIMITED (REGISTERED NUMBER: 07932009)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts - 2,500
Trade creditors 194,190 168,817
Taxation and social security 142,857 132,351
Other creditors 30,091 29,007
367,138 332,675

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Hire purchase contracts - 2,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary £1 60 60

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CDM PLASTICS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CDM Plastics Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of CDM Plastics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CDM Plastics Limited and state those matters that we have agreed to state to the Board of Directors of CDM Plastics Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CDM Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CDM Plastics Limited. You consider that CDM Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CDM Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


8 April 2024