IRIS Accounts Production v24.1.0.578 01819235 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018192352022-10-31018192352023-10-31018192352022-11-012023-10-31018192352021-10-31018192352021-11-012022-10-31018192352022-10-3101819235ns15:EnglandWales2022-11-012023-10-3101819235ns14:PoundSterling2022-11-012023-10-3101819235ns10:Director12022-11-012023-10-3101819235ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101819235ns10:SmallEntities2022-11-012023-10-3101819235ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101819235ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3101819235ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3101819235ns10:FullAccounts2022-11-012023-10-3101819235ns10:CompanySecretary12022-11-012023-10-3101819235ns10:RegisteredOffice2022-11-012023-10-3101819235ns5:CurrentFinancialInstruments2022-10-3101819235ns5:CurrentFinancialInstruments2023-10-3101819235ns5:ShareCapital2022-10-3101819235ns5:ShareCapital2023-10-3101819235ns5:RetainedEarningsAccumulatedLosses2022-10-3101819235ns5:RetainedEarningsAccumulatedLosses2023-10-3101819235ns5:PlantMachinery2022-11-012023-10-3101819235ns5:MotorVehicles2022-11-012023-10-3101819235ns5:ComputerEquipment2022-11-012023-10-3101819235ns5:PlantMachinery2022-10-3101819235ns5:MotorVehicles2022-10-3101819235ns5:ComputerEquipment2022-10-3101819235ns5:PlantMachinery2023-10-3101819235ns5:MotorVehicles2023-10-3101819235ns5:ComputerEquipment2023-10-3101819235ns5:PlantMachinery2022-10-3101819235ns5:MotorVehicles2022-10-3101819235ns5:ComputerEquipment2022-10-3101819235ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3101819235ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 01819235 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

STEF PLASTICS LIMITED

STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEF PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: P Daines





SECRETARY: Mrs A Daines





REGISTERED OFFICE: Unit 3
Hedingham Road
Wethersfield
Braintree
Essex
CM7 4EQ





REGISTERED NUMBER: 01819235 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)

BALANCE SHEET
31 OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
4,052 Tangible assets 4 3,150

CURRENT ASSETS
1,068 Stocks 1,606
16,204 Debtors 5 18,387
75,855 Cash at bank 73,837
93,127 93,830
CREDITORS
14,941 Amounts falling due within one year 6 10,015
78,186 NET CURRENT ASSETS 83,815
82,238 TOTAL ASSETS LESS CURRENT
LIABILITIES

86,965

770 PROVISIONS FOR LIABILITIES 599
81,468 NET ASSETS 86,366

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
71,468 Retained earnings 76,366
81,468 SHAREHOLDERS' FUNDS 86,366

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 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.

STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)

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.

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 15 April 2024 and were signed by:





P Daines - Director


STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Stef 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of sales made and invoiced during the year and the movement between opening and closing debtors.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 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 balance sheet date.


STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)

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.

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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and leasing contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 146,726 127,346 10,266 9,114
DEPRECIATION
At 1 November 2022 142,674 125,013 9,689 7,972
Charge for year 902 586 144 172
At 31 October 2023 143,576 125,599 9,833 8,144
NET BOOK VALUE
At 31 October 2023 3,150 1,747 433 970
At 31 October 2022 4,052 2,333 577 1,142

STEF PLASTICS LIMITED (REGISTERED NUMBER: 01819235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 17,794 15,659
Other debtors 593 545
18,387 16,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 933 346
Taxation and social security 6,797 6,907
Other creditors 2,285 7,688
10,015 14,941