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REGISTERED NUMBER: 01616922 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ALLPLASTICS LIMITED

ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALLPLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J R Steed
J S Church





SECRETARY: J S Church





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 01616922 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,015 9,281

CURRENT ASSETS
Stocks 113,435 105,676
Debtors 6 161,493 133,265
Cash at bank and in hand 279,909 263,810
554,837 502,751
CREDITORS
Amounts falling due within one year 7 178,487 139,526
NET CURRENT ASSETS 376,350 363,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,365

372,506

PROVISIONS FOR LIABILITIES 1,333 1,763
NET ASSETS 382,032 370,743

CAPITAL AND RESERVES
Called up share capital 1,480 1,480
Retained earnings 380,552 369,263
SHAREHOLDERS' FUNDS 382,032 370,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





J R Steed - Director


ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Allplastics 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

There were no transitional adjustments required to comply with the Financial Reporting Standard 102.

The directors closely monitor the company's working capital and cashflow position and are committed to ensuring that the company had adequate finances in place. Accordingly the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 15% on reducing balance
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realizable 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 statement of financial position date.


ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& fittings Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 537 20,108 35,275 3,939 59,859
DEPRECIATION
At 1 March 2023 70 19,865 26,904 3,739 50,578
Charge for year 70 36 2,093 67 2,266
At 29 February 2024 140 19,901 28,997 3,806 52,844
NET BOOK VALUE
At 29 February 2024 397 207 6,278 133 7,015
At 28 February 2023 467 243 8,371 200 9,281

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 114,185 88,381
Amounts owed by group undertakings 41,651 38,922
Other debtors 5,657 5,962
161,493 133,265

ALLPLASTICS LIMITED (REGISTERED NUMBER: 01616922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 130,191 93,815
Taxation and social security 13,749 13,824
Other creditors 34,547 31,887
178,487 139,526

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
J S Church
Balance outstanding at start of year (1,618 ) (1,791 )
Amounts advanced 395 173
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,223 ) (1,618 )

J R Steed
Balance outstanding at start of year (844 ) (1,098 )
Amounts advanced - 254
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (844 ) (844 )

9. RELATED PARTY DISCLOSURES

At 28 February 2023 Allplastics Ltd was owed £38,922 (2022: £55,025) by Allplastics Holdings Ltd, its parent company.