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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
Page
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Global Plastic (UK) Ltd Company Information for the period from 1 August 2022 to 31 March 2023
Director
Lin Qing
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
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Global Plastic (UK) Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,908 
4,766 
Investment property
895,929 
895,929 
899,837 
900,695 
Current assets
Debtors
563,804 
680,039 
Cash at bank and in hand
1,355,668 
430,763 
1,919,472 
1,110,802 
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 
Capital and reserves
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
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Global Plastic (UK) Ltd Notes to the Accounts for the period from 1 August 2022 to 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Fixtures & fittings
18%
Foreign exchange
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.
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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 
£ 
Cost or valuation
At cost 
At 1 August 2022
11,321 
At 31 March 2023
11,321 
Depreciation
At 1 August 2022
6,555 
Charge for the period
858 
At 31 March 2023
7,413 
Net book value
At 31 March 2023
3,908 
At 31 July 2022
4,766 
5
Investment property
2023 
£ 
Fair value at 1 August 2022
895,929 
At 31 March 2023
895,929 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,867 
14,640 
Trade debtors
101,223 
204,050 
Other debtors
(1,286)
1,349 
103,804 
220,039 
Amounts falling due after more than one year
Other debtors
460,000 
460,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,695 
20,352 
Trade creditors
9,328 
270,704 
Taxes and social security
237,584 
41,470 
Proposed dividends
8,000 
4,000 
Other creditors
1,494 
- 
Deferred income
1,442 
1,442 
276,543 
337,968 
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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 
380,012 
367,211 
loan from KLN Recycling Ltd: £100,000.00 rent deposit £9000.00
9
Share capital
2023 
2022 
£ 
£ 
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).
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