IRIS Accounts Production v24.1.9.2 01515231 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015152312023-02-28015152312024-02-29015152312023-03-012024-02-29015152312022-02-28015152312022-03-012023-02-28015152312023-02-2801515231ns15:EnglandWales2023-03-012024-02-2901515231ns14:PoundSterling2023-03-012024-02-2901515231ns10:Director12023-03-012024-02-2901515231ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2901515231ns10:SmallEntities2023-03-012024-02-2901515231ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2901515231ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2901515231ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2901515231ns10:FullAccounts2023-03-012024-02-2901515231ns10:OrdinaryShareClass12023-03-012024-02-2901515231ns10:Director22023-03-012024-02-2901515231ns10:Director32023-03-012024-02-2901515231ns10:Director42023-03-012024-02-2901515231ns10:RegisteredOffice2023-03-012024-02-2901515231ns5:CurrentFinancialInstruments2024-02-2901515231ns5:CurrentFinancialInstruments2023-02-2801515231ns5:ShareCapital2024-02-2901515231ns5:ShareCapital2023-02-2801515231ns5:RetainedEarningsAccumulatedLosses2024-02-2901515231ns5:RetainedEarningsAccumulatedLosses2023-02-2801515231ns5:PlantMachinery2023-03-012024-02-2901515231ns5:FurnitureFittings2023-03-012024-02-2901515231ns5:ComputerEquipment2023-03-012024-02-2901515231ns5:PlantMachinery2023-02-2801515231ns5:FurnitureFittings2023-02-2801515231ns5:ComputerEquipment2023-02-2801515231ns5:PlantMachinery2024-02-2901515231ns5:FurnitureFittings2024-02-2901515231ns5:ComputerEquipment2024-02-2901515231ns5:PlantMachinery2023-02-2801515231ns5:FurnitureFittings2023-02-2801515231ns5:ComputerEquipment2023-02-2801515231ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2901515231ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2801515231ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 01515231 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Marple Polymer Processors Limited

Marple Polymer Processors Limited (Registered number: 01515231)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marple Polymer Processors Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Cotton
P Keeley
C D Mathews
T M Jenkinson





REGISTERED OFFICE: Primrose Mill
Holly Vale
Marple Bridge
Stockport
Cheshire
SK6 5AS





REGISTERED NUMBER: 01515231 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Marple Polymer Processors Limited (Registered number: 01515231)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 253,171 48,964

CURRENT ASSETS
Debtors 6 370,061 390,069
Cash at bank 7,332 11,327
377,393 401,396
CREDITORS
Amounts falling due within one year 7 (359,964 ) (172,372 )
NET CURRENT ASSETS 17,429 229,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,600

277,988

PROVISIONS FOR LIABILITIES (9,303 ) (9,303 )
NET ASSETS 261,297 268,685

CAPITAL AND RESERVES
Called up share capital 8 90,100 90,100
Retained earnings 171,197 178,585
SHAREHOLDERS' FUNDS 261,297 268,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Marple Polymer Processors Limited (Registered number: 01515231)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





L J Cotton - Director


Marple Polymer Processors Limited (Registered number: 01515231)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

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

The address of its registered office is:
Primrose Mill
Holly Vale
Marple Bridge
Stockport
Cheshire
SK6 5AS

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
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.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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.


Marple Polymer Processors Limited (Registered number: 01515231)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 258,532 43,841 9,406 311,779
Additions 205,109 12,727 - 217,836
At 29 February 2024 463,641 56,568 9,406 529,615
DEPRECIATION
At 1 March 2023 220,724 33,043 9,048 262,815
Charge for year 11,992 1,374 263 13,629
At 29 February 2024 232,716 34,417 9,311 276,444
NET BOOK VALUE
At 29 February 2024 230,925 22,151 95 253,171
At 28 February 2023 37,808 10,798 358 48,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 20,000
Amounts owed by participating interests 368,800 368,800
Other debtors 1,261 1,269
370,061 390,069

Marple Polymer Processors Limited (Registered number: 01515231)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,910 9,229
Amounts owed to group undertakings 299,354 130,491
Taxation and social security 9,088 19,136
Other creditors 10,612 13,516
359,964 172,372

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90,100 Ordinary shares 1 90,100 90,100

9. PARENT AND ULTIMATE PARENT UNDERTAKING

The company's ultimate parent is Trafford Rubber Products (Holdings) Limited, incorporated in England & Wales. These financial statements are available upon request from Greengate Works, Broadoak Industrial Estate, Ashburton Road West, Trafford Park, Manchester, M17 1RW.