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REGISTERED NUMBER: 03775417 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Connexions Plastics Ltd

Connexions Plastics Ltd (Registered number: 03775417)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Connexions Plastics Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D T Grive
T D Grive





SECRETARY: T D Grive





REGISTERED OFFICE: Unit 11
The Enterprise Centre
Dawsons Lane
Barwell
Leicestershire
LE9 8BE





REGISTERED NUMBER: 03775417 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Connexions Plastics Ltd (Registered number: 03775417)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 339,469 283,512
339,469 283,512

CURRENT ASSETS
Stocks 12,172 31,225
Debtors 6 28,368 86,901
Cash at bank and in hand 454,177 326,672
494,717 444,798
CREDITORS
Amounts falling due within one year 7 73,765 102,241
NET CURRENT ASSETS 420,952 342,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,421

626,069

PROVISIONS FOR LIABILITIES 77,399 53,867
NET ASSETS 683,022 572,202

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 682,922 572,102
SHAREHOLDERS' FUNDS 683,022 572,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Connexions Plastics Ltd (Registered number: 03775417)

Balance Sheet - continued
30 November 2023


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 21 August 2024 and were signed on its behalf by:





T D Grive - Director


Connexions Plastics Ltd (Registered number: 03775417)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Connexions Plastics Ltd 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.

2. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Connexions Plastics Ltd (Registered number: 03775417)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 30,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 455,118 113,081 568,199
Additions 151,989 - 151,989
Disposals (54,987 ) - (54,987 )
At 30 November 2023 552,120 113,081 665,201
DEPRECIATION
At 1 December 2022 264,285 20,402 284,687
Charge for year 67,104 23,170 90,274
Eliminated on disposal (49,229 ) - (49,229 )
At 30 November 2023 282,160 43,572 325,732
NET BOOK VALUE
At 30 November 2023 269,960 69,509 339,469
At 30 November 2022 190,833 92,679 283,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 27,154 85,891
Other debtors 1,214 1,010
28,368 86,901

Connexions Plastics Ltd (Registered number: 03775417)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,808 42,355
Taxation and social security 58,659 46,354
Other creditors 13,298 13,532
73,765 102,241

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors' who between them own all of the issued share capital.