N & P Thermo-Plastic Moulders (Acton) Limited 01735898 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is manufacture of other plastic products. Digita Accounts Production Advanced 6.30.9574.0 true false true 01735898 2022-09-01 2023-08-31 01735898 2023-08-31 01735898 core:CurrentFinancialInstruments 2023-08-31 01735898 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 01735898 core:FurnitureFittingsToolsEquipment 2023-08-31 01735898 core:MotorVehicles 2023-08-31 01735898 core:OtherPropertyPlantEquipment 2023-08-31 01735898 bus:SmallEntities 2022-09-01 2023-08-31 01735898 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 01735898 bus:FilletedAccounts 2022-09-01 2023-08-31 01735898 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 01735898 bus:RegisteredOffice 2022-09-01 2023-08-31 01735898 bus:Director1 2022-09-01 2023-08-31 01735898 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 01735898 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 01735898 core:MotorVehicles 2022-09-01 2023-08-31 01735898 core:OfficeEquipment 2022-09-01 2023-08-31 01735898 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 01735898 core:PlantMachinery 2022-09-01 2023-08-31 01735898 core:Vehicles 2022-09-01 2023-08-31 01735898 core:OtherRelatedParties 2022-09-01 2023-08-31 01735898 1 2022-09-01 2023-08-31 01735898 countries:EnglandWales 2022-09-01 2023-08-31 01735898 2022-08-31 01735898 core:FurnitureFittingsToolsEquipment 2022-08-31 01735898 core:MotorVehicles 2022-08-31 01735898 core:OtherPropertyPlantEquipment 2022-08-31 01735898 2021-09-01 2022-08-31 01735898 2022-08-31 01735898 core:CurrentFinancialInstruments 2022-08-31 01735898 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 01735898 core:FurnitureFittingsToolsEquipment 2022-08-31 01735898 core:MotorVehicles 2022-08-31 01735898 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure

Company No: 01735898

N & P Thermo-Plastic Moulders (Acton) Limited

Unaudited Financial Statements

Year Ended

31 August 2023

 

N & P Thermo-Plastic Moulders (Acton) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

N & P Thermo-Plastic Moulders (Acton) Limited

Company Information

Director

D P Wright

Registered office

Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

Accountants

Brett Pittwood
Chartered Certified Accountants
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

 

N & P Thermo-Plastic Moulders (Acton) Limited

(Registration number: 01735898)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

38,891

44,315

Current assets

 

Stocks

5

9,750

10,250

Debtors

6

353,587

342,619

Cash at bank and in hand

 

29,286

15,474

 

392,623

368,343

Creditors: Amounts falling due within one year

7

(43,535)

(87,031)

Net current assets

 

349,088

281,312

Total assets less current liabilities

 

387,979

325,627

Provisions for liabilities

-

(7,672)

Net assets

 

387,979

317,955

Capital and reserves

 

Called up share capital

120,740

120,740

Retained earnings

267,239

197,215

Shareholders' funds

 

387,979

317,955

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 September 2024
 

D P Wright
Director

 

N & P Thermo-Plastic Moulders (Acton) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

N & P Thermo-Plastic Moulders (Acton) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Fixtures and fittings

10% straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

N & P Thermo-Plastic Moulders (Acton) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial assets

Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

 

N & P Thermo-Plastic Moulders (Acton) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 4).

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 September 2022

853,835

-

105,305

959,140

Additions

-

2,083

-

2,083

At 31 August 2023

853,835

2,083

105,305

961,223

Depreciation

At 1 September 2022

825,354

-

89,471

914,825

Charge for the year

5,176

520

1,811

7,507

At 31 August 2023

830,530

520

91,282

922,332

Carrying amount

At 31 August 2023

23,305

1,563

14,023

38,891

At 31 August 2022

28,481

-

15,834

44,315

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

9,750

10,250

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

109,346

169,387

Amounts owed by related parties

9

198,805

153,205

Other debtors

 

24,881

-

Prepayments

 

20,555

20,027

 

353,587

342,619

 

N & P Thermo-Plastic Moulders (Acton) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

27,426

46,896

Taxation and social security

801

2,857

Accruals and deferred income

15,308

7,900

Other creditors

-

29,378

43,535

87,031

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £44,455 (2022 - £85,489).

9

Related party transactions

Summary of transactions with related parties


At the balance sheet date the parent company DKW Holdings Limited owed its subsidiary company an amount of £198,805.

10

Parent and ultimate parent undertaking

The company's immediate parent is L & I Holding Limited, incorporated in England and Wales.

 The ultimate parent is DKW Holdings Limited, incorporated in England and Wales.

 The ultimate controlling party is DKW Holdings Limited.