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REGISTERED NUMBER: 04905000 (England and Wales)















Northern Polymers & Plastics Ltd

Unaudited Financial Statements for the Year Ended 31 October 2023






Northern Polymers & Plastics Ltd (Registered number: 04905000)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Northern Polymers & Plastics Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J Hammond
T Hammond





REGISTERED OFFICE: 44 & 44a Quakers Coppice
Crewe Gates Industrial Estate
Crewe
Cheshire
CW1 6FA





REGISTERED NUMBER: 04905000 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Northern Polymers & Plastics Ltd (Registered number: 04905000)

Abridged Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 296,275 301,160
Investments 6 137 135
296,412 301,295

CURRENT ASSETS
Stocks 58,750 80,200
Debtors 636,654 621,356
Cash at bank 341,047 526,044
1,036,451 1,227,600
CREDITORS
Amounts falling due within one year (572,853 ) (751,839 )
NET CURRENT ASSETS 463,598 475,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,010

777,056

CREDITORS
Amounts falling due after more than one
year

7

-

(144,774

)

PROVISIONS FOR LIABILITIES (3,718 ) (3,394 )
NET ASSETS 756,292 628,888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 756,192 628,788
SHAREHOLDERS' FUNDS 756,292 628,888

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.

Northern Polymers & Plastics Ltd (Registered number: 04905000)

Abridged Balance Sheet - continued
31 October 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 Profit and Loss and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





J Hammond - Director


Northern Polymers & Plastics Ltd (Registered number: 04905000)

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

1. STATUTORY INFORMATION

Northern Polymers & 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and Loss, 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.


Northern Polymers & Plastics Ltd (Registered number: 04905000)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 20,000
AMORTISATION
At 1 November 2022
and 31 October 2023 20,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

Northern Polymers & Plastics Ltd (Registered number: 04905000)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 377,838
Additions 6,482
At 31 October 2023 384,320
DEPRECIATION
At 1 November 2022 76,678
Charge for year 11,367
At 31 October 2023 88,045
NET BOOK VALUE
At 31 October 2023 296,275
At 31 October 2022 301,160

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022 135
Additions 2
At 31 October 2023 137
NET BOOK VALUE
At 31 October 2023 137
At 31 October 2022 135

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Vinylution Limited
Registered office: The Barn Bangle Farm, Stoney Lane, Chantry, Frome, England, BA11 3LH
Nature of business: Wholesale of other intermediate products
%
Class of shares: holding
Ordinary shares 35.00

Envinylmental Limited
Registered office: 44 & 44a Quakers Coppice Crewe Gates Industrial Estate, Crewe, Cheshire, CW1 6FA
Nature of business: Wholesale of other intermediate products
%
Class of shares: holding
Ordinary shares 100.00

Northern Polymers & Plastics Ltd (Registered number: 04905000)

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

6. FIXED ASSET INVESTMENTS - continued

Utility Components Limited
Registered office: 44 & 44a Quakers Coppice Crewe Gates Industrial Estate, Crewe, Cheshire, CW1 6FA
Nature of business: Manufacture of electrical components
%
Class of shares: holding
Ordinary shares 100.00

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Other loans more 5yrs instal - 47,205

8. RELATED PARTY DISCLOSURES

2023 2022
£ £

Directors' loan account
Balance brought forward 891 (815 )
(Capital Introduced)/Drawings 10,901 31,706
Dividends (30,000 )
Balance carried forward 11,792 891