PHASE 3 PLASTICS LIMITED

Company Registration Number:
01291927 (England and Wales)

Unaudited abridged accounts for the year ended 30 July 2023

Period of accounts

Start date: 01 August 2022

End date: 30 July 2023

PHASE 3 PLASTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 July 2023

Balance sheet
Notes

PHASE 3 PLASTICS LIMITED

Balance sheet

As at 30 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 883,235 889,657
Total fixed assets: 883,235 889,657
Current assets
Stocks: 301,661 118,197
Debtors:   1,093,082 798,634
Cash at bank and in hand: 97,983 71,645
Total current assets: 1,492,726 988,476
Creditors: amounts falling due within one year:   (431,796) (242,835)
Net current assets (liabilities): 1,060,930 745,641
Total assets less current liabilities: 1,944,165 1,635,298
Creditors: amounts falling due after more than one year:   (489,283) (229,181)
Provision for liabilities: (53,627) (53,627)
Total net assets (liabilities): 1,401,255 1,352,490
Capital and reserves
Called up share capital: 25,320 25,320
Share premium account: 991 991
Revaluation reserve:4509,763509,763
Profit and loss account: 865,181 816,416
Shareholders funds: 1,401,255 1,352,490

The notes form part of these financial statements

PHASE 3 PLASTICS LIMITED

Balance sheet statements

For the year ending 30 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 April 2024
and signed on behalf of the board by:

Name: Mr Mark H Grant
Status: Director

The notes form part of these financial statements

PHASE 3 PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PHASE 3 PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2023

2. Employees

2023 2022
Average number of employees during the period 10 9

PHASE 3 PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 1,360,306
At 30 July 2023 1,360,306
Depreciation
At 01 August 2022 470,649
Charge for year 6,422
At 30 July 2023 477,071
Net book value
At 30 July 2023 883,235
At 31 July 2022 889,657

PHASE 3 PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2023

4. Revaluation reserve

2023
£
Balance at 01 August 2022 509,763
Surplus or deficit after revaluation 0
Balance at 30 July 2023 509,763