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Registered number: 08916261









PLASTIC KEG MANUFACTURING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
REGISTERED NUMBER: 08916261

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 3 
41,455
41,455

Tangible assets
 4 
593,467
593,467

  
634,922
634,922

Current assets
  

Stocks
  
4,300
4,300

Debtors: amounts falling due within one year
 5 
17,830
17,830

Cash at bank and in hand
 6 
2,267
2,267

  
24,397
24,397

Creditors: amounts falling due within one year
 7 
(828,846)
(828,846)

Net current liabilities
  
 
 
(804,449)
 
 
(804,449)

Total assets less current liabilities
  
(169,527)
(169,527)

  

Net liabilities
  
(169,527)
(169,527)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(169,627)
(169,627)

  
(169,527)
(169,527)


Page 1

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
REGISTERED NUMBER: 08916261
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

For the year ended 30 November 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




Mr J. P. Kelly
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Plastic Keg Manufacturing Company Limited is a private company limited by shares, registered in the United Kingdom number 08916261. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP.
During the year, the principal activity of the company continued to be that of the manufacture of plastic kegs.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the method below.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Intangible assets




Development expenditure

£



Cost


At 1 December 2022
41,455



At 30 November 2023

41,455






Net book value



At 30 November 2023
41,455



At 30 November 2022
41,455



Page 4

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 December 2022
593,467



At 30 November 2023

593,467






Net book value



At 30 November 2023
593,467



At 30 November 2022
593,467


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
16,095
16,095

Other debtors
1,735
1,735

17,830
17,830



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,267
2,267

2,267
2,267


Page 5

 
PLASTIC KEG MANUFACTURING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,960
14,960

Other creditors
812,086
812,086

Accruals and deferred income
1,800
1,800

828,846
828,846


 
Page 6