Company Registration No. 09500222 (England and Wales)
Plastic Republic Limited
Unaudited accounts
for the year ended 31 March 2024
Plastic Republic Limited
Unaudited accounts
Contents
Plastic Republic Limited
Company Information
for the year ended 31 March 2024
Company Number
09500222 (England and Wales)
Registered Office
7 Silverlink Business Park
Forge Way
Darlington
Durham
DL1 2PL
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Plastic Republic Limited
Statement of financial position
as at 31 March 2024
Intangible assets
31,250
62,500
Tangible assets
7,017
9,356
Cash at bank and in hand
1,750
5,003
Creditors: amounts falling due within one year
(149,155)
(148,762)
Net current liabilities
(147,405)
(143,759)
Total assets less current liabilities
(109,138)
(71,903)
Creditors: amounts falling due after more than one year
(15,797)
(20,114)
Net liabilities
(124,935)
(92,017)
Called up share capital
100
100
Profit and loss account
(125,035)
(92,117)
Shareholders' funds
(124,935)
(92,017)
For the year ending 31 March 2024 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 his 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 3 July 2024 and were signed on its behalf by
K.D.Cavill
Director
Company Registration No. 09500222
Plastic Republic Limited
Notes to the Accounts
for the year ended 31 March 2024
Plastic Republic Limited is a private company, limited by shares, registered in England and Wales, registration number 09500222. The registered office is 7 Silverlink Business Park, Forge Way, Darlington, Durham, DL1 2PL, England.
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 year, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
25 % Straight Line on cost
4
Intangible fixed assets
Other
Charge for the year
31,250
Plastic Republic Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,177
2,994
Loans from directors
147,646
144,189
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(144,189)
(5,697)
(2,240)
(147,646)
(144,189)
(5,697)
(2,240)
(147,646)
9
Average number of employees
During the year the average number of employees was 0 (2023: 3).