2023-04-012024-03-312024-03-31false12220378B&S PLASTICS 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B&S PLASTICS LTD

Registered Number
12220378
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

B&S PLASTICS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WALKER, J
WALKER, S

Registered Address

Harrowby Mill Harrowby Street
Farnworth
Bolton
BL4 7BT

Registered Number

12220378 (England and Wales)
B&S PLASTICS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets315,01320,017
Tangible assets43,2256,585
18,23826,602
Current assets
Stocks2,0005,000
Debtors120,85884,073
Cash at bank and on hand15,51714,772
138,375103,845
Creditors amounts falling due within one year(72,940)(49,662)
Net current assets (liabilities)65,43554,183
Total assets less current liabilities83,67380,785
Creditors amounts falling due after one year(40,948)(63,886)
Net assets42,72516,899
Capital and reserves
Called up share capital11
Profit and loss account42,72416,898
Shareholders' funds42,72516,899
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
WALKER, J
Director
Registered Company No. 12220378
B&S PLASTICS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Goodwill be being amortised over 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Vehicles3
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2325,021
At 31 March 2425,021
Amortisation and impairment
At 01 April 235,004
Charge for year5,004
At 31 March 2410,008
Net book value
At 31 March 2415,013
At 31 March 2320,017
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2382,031
Additions1,839
At 31 March 2483,870
Depreciation and impairment
At 01 April 2375,445
Charge for year5,200
At 31 March 2480,645
Net book value
At 31 March 243,225
At 31 March 236,585