IRIS Accounts Production v24.2.0.383 00963676 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009636762022-12-31009636762023-12-31009636762023-01-012023-12-31009636762021-12-31009636762022-01-012022-12-31009636762022-12-3100963676ns15:EnglandWales2023-01-012023-12-3100963676ns14:PoundSterling2023-01-012023-12-3100963676ns10:Director12023-01-012023-12-3100963676ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100963676ns10:SmallEntities2023-01-012023-12-3100963676ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3100963676ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100963676ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100963676ns10:FullAccounts2023-01-012023-12-3100963676ns10:CompanySecretary12023-01-012023-12-3100963676ns10:RegisteredOffice2023-01-012023-12-3100963676ns5:CurrentFinancialInstruments2023-12-3100963676ns5:CurrentFinancialInstruments2022-12-3100963676ns5:Non-currentFinancialInstruments2023-12-3100963676ns5:Non-currentFinancialInstruments2022-12-3100963676ns5:ShareCapital2023-12-3100963676ns5:ShareCapital2022-12-3100963676ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3100963676ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3100963676ns5:RetainedEarningsAccumulatedLosses2023-12-3100963676ns5:RetainedEarningsAccumulatedLosses2022-12-3100963676ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3100963676ns5:PlantMachinery2023-01-012023-12-3100963676ns5:FurnitureFittings2023-01-012023-12-3100963676ns5:MotorVehicles2023-01-012023-12-3100963676ns5:LandBuildings2022-12-3100963676ns5:PlantMachinery2022-12-3100963676ns5:FurnitureFittings2022-12-3100963676ns5:MotorVehicles2022-12-3100963676ns5:LandBuildings2023-01-012023-12-3100963676ns5:LandBuildings2023-12-3100963676ns5:PlantMachinery2023-12-3100963676ns5:FurnitureFittings2023-12-3100963676ns5:MotorVehicles2023-12-3100963676ns5:LandBuildings2022-12-3100963676ns5:PlantMachinery2022-12-3100963676ns5:FurnitureFittings2022-12-3100963676ns5:MotorVehicles2022-12-3100963676ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3100963676ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3100963676ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3100963676ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3100963676ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3100963676ns5:LeasedAssetsHeldAsLessee2023-12-3100963676ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:LeasedAssetsHeldAsLessee2022-12-3100963676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100963676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100963676ns5:HirePurchaseContractsns5:WithinOneYear2023-12-3100963676ns5:HirePurchaseContractsns5:WithinOneYear2022-12-3100963676ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3100963676ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3100963676ns5:HirePurchaseContracts2023-12-3100963676ns5:HirePurchaseContracts2022-12-3100963676ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100963676ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100963676ns5:WithinOneYear2023-12-3100963676ns5:WithinOneYear2022-12-3100963676ns5:BetweenOneFiveYears2023-12-3100963676ns5:BetweenOneFiveYears2022-12-3100963676ns5:AllPeriods2023-12-3100963676ns5:AllPeriods2022-12-31009636761ns10:Director12022-12-31009636761ns10:Director12021-12-31009636761ns10:Director12023-01-012023-12-31009636761ns10:Director12022-01-012022-12-31009636761ns10:Director12023-12-31009636761ns10:Director12022-12-31
REGISTERED NUMBER: 00963676 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R.J.H. PLASTICS LIMITED

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


R.J.H. PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A Hawkins





SECRETARY: Mr A Hawkins





REGISTERED OFFICE: Unit 86
Plume Street Industrial Estate
Aston
Birmingham
B6 7RT





REGISTERED NUMBER: 00963676 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R.J.H. PLASTICS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.J.H. Plastics Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of R.J.H. Plastics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.J.H. Plastics Limited and state those matters that we have agreed to state to the director of R.J.H. Plastics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.J.H. Plastics Limited and its director for our work or for this report.

It is your duty to ensure that R.J.H. Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.J.H. Plastics Limited. You consider that R.J.H. Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.J.H. Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


30 August 2024

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,699,952 2,778,709

CURRENT ASSETS
Stocks 316,643 366,643
Debtors 5 972,307 1,039,591
Cash at bank 43,969 30,612
1,332,919 1,436,846
CREDITORS
Amounts falling due within one year 6 1,481,441 1,678,589
NET CURRENT LIABILITIES (148,522 ) (241,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,551,430

2,536,966

CREDITORS
Amounts falling due after more than one year 7 (1,041,078 ) (1,024,529 )

PROVISIONS FOR LIABILITIES (266,579 ) (279,531 )
NET ASSETS 1,243,773 1,232,906

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Other reserves 200 200
Retained earnings 1,241,773 1,230,906
SHAREHOLDERS' FUNDS 1,243,773 1,232,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 30 August 2024 and were signed by:





Mr A Hawkins - Director


R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

R.J.H. Plastics 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 1,650,956 2,640,417 78,659 93,108 4,463,140
Additions - 238,829 1,339 53,000 293,168
Disposals - (218,771 ) - - (218,771 )
At 31 December 2023 1,650,956 2,660,475 79,998 146,108 4,537,537
DEPRECIATION
At 1 January 2023 142,841 1,418,333 46,860 76,397 1,684,431
Charge for year 17,708 195,651 3,210 14,114 230,683
Eliminated on disposal - (77,529 ) - - (77,529 )
At 31 December 2023 160,549 1,536,455 50,070 90,511 1,837,585
NET BOOK VALUE
At 31 December 2023 1,490,407 1,124,020 29,928 55,597 2,699,952
At 31 December 2022 1,508,115 1,222,084 31,799 16,711 2,778,709

Included in cost of land and buildings is freehold land of £ 100,000 (2022 - £ 100,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 291,379 62,160 353,539
Additions 238,829 53,000 291,829
At 31 December 2023 530,208 115,160 645,368
DEPRECIATION
At 1 January 2023 116,123 48,330 164,453
Charge for year 50,169 13,394 63,563
At 31 December 2023 166,292 61,724 228,016
NET BOOK VALUE
At 31 December 2023 363,916 53,436 417,352
At 31 December 2022 175,256 13,830 189,086

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 889,005 966,089
Other debtors 83,302 73,502
972,307 1,039,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 79,327 52,039
Hire purchase contracts (see note 8) 114,198 66,078
Trade creditors 714,290 802,694
Taxation and social security 95,199 98,457
Other creditors 478,427 659,321
1,481,441 1,678,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 817,164 793,210
Hire purchase contracts (see note 8) 223,914 107,063
Other creditors - 124,256
1,041,078 1,024,529

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 558,407 568,870

R.J.H. PLASTICS LIMITED (REGISTERED NUMBER: 00963676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 133,025 74,904
Between one and five years 267,214 121,376
400,239 196,280

Finance charges repayable:
Within one year 18,827 8,826
Between one and five years 43,300 14,313
62,127 23,139

Net obligations repayable:
Within one year 114,198 66,078
Between one and five years 223,914 107,063
338,112 173,141

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,629 18,167
Between one and five years 5,086 10,738
12,715 28,905

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A Hawkins
Balance outstanding at start of year 39,227 39,797
Amounts repaid (272 ) (570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,955 39,227