Company Registration No. 08614293 (England and Wales)
Global Plastic (UK) Ltd
Unaudited accounts
for the period from 1 August 2022 to 31 March 2023
Global Plastic (UK) Ltd
Unaudited accounts
Contents
Global Plastic (UK) Ltd
Company Information
for the period from 1 August 2022 to 31 March 2023
Company Number
08614293 (England and Wales)
Registered Office
28 FRIARS STREET
SUDBURY
CO10 2AA
Accountants
Jie Wang ACCA Chartered Certified Accountant
28 Friars Street
Sudbury
Suffolk
CO10 2AA
Global Plastic (UK) Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
3,908
4,766
Investment property
895,929
895,929
Cash at bank and in hand
1,355,668
430,763
Creditors: amounts falling due within one year
(276,543)
(337,968)
Net current assets
1,642,929
772,834
Total assets less current liabilities
2,542,766
1,673,529
Creditors: amounts falling due after more than one year
(380,012)
(367,211)
Net assets
2,162,754
1,306,318
Called up share capital
2
2
Profit and loss account
2,162,752
1,306,316
Shareholders' funds
2,162,754
1,306,318
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Lin Qing
Director
Company Registration No. 08614293
Global Plastic (UK) Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
Global Plastic (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08614293. The registered office is 28 FRIARS STREET, SUDBURY, CO10 2AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Global Plastic (UK) Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 August 2022
895,929
Amounts falling due within one year
Trade debtors
101,223
204,050
Other debtors
(1,286)
1,349
Amounts falling due after more than one year
Other debtors
460,000
460,000
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
9,328
270,704
Taxes and social security
237,584
41,470
Proposed dividends
8,000
4,000
Deferred income
1,442
1,442
Global Plastic (UK) Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
109,000
109,000
Loans from directors
271,012
258,211
loan from KLN Recycling Ltd: £100,000.00
rent deposit £9000.00
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the period the average number of employees was 2 (2022: 2).