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REGISTERED NUMBER: 00618539 (England and Wales)











YORK PLASTICS (ENGINEERING)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


YORK PLASTICS (ENGINEERING)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P A Crookes
Mrs S M Crookes
Mrs Z E Walsh
Mr R Walsh





SECRETARY: Mrs S M Crookes





REGISTERED OFFICE: Unit 16
Norton Grove Industrial Estate
Westfield Way
Norton, Malton
North Yorkshire
YO17 9ND





REGISTERED NUMBER: 00618539 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW

YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,783 177,651

CURRENT ASSETS
Stocks 13,000 13,000
Debtors 142,797 150,546
Cash at bank 295,825 241,167
451,622 404,713
CREDITORS
Amounts falling due within one year 204,164 203,247
NET CURRENT ASSETS 247,458 201,466
TOTAL ASSETS LESS CURRENT LIABILITIES 401,241 379,117

PROVISIONS FOR LIABILITIES 34,946 31,016
NET ASSETS 366,295 348,101

CAPITAL AND RESERVES
Called up share capital 3,500 3,500
Retained earnings 362,795 344,601
SHAREHOLDERS' FUNDS 366,295 348,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr R Walsh - Director


YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

York Plastics (Engineering) 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 represents the amount derived from the provision of goods and services relating to the manufacture of plastic goods after the deduction of trade discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% straight line
Plant and machinery - 20% straight line
Office equipment - 10% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis.

The cost of work in progress and finished goods includes all production overheads and depreciation and the attributable proportion of indirect overheads based on the normal level of activity.

Net realisable value is based on estimated selling price less the estimated cost of disposal.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.


YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. 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.

Pension costs and other post-retirement benefits
Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


Leases
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 748,717
Additions 39,203
Disposals (45,343 )
At 31 March 2024 742,577
DEPRECIATION
At 1 April 2023 571,066
Charge for year 63,071
Eliminated on disposal (45,343 )
At 31 March 2024 588,794
NET BOOK VALUE
At 31 March 2024 153,783
At 31 March 2023 177,651

5. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, operating lease payments, net of VAT, of £140,000 (2023: £160,000), were committed to be paid over the next seven (2023: eight) years.

YORK PLASTICS (ENGINEERING)
LIMITED (REGISTERED NUMBER: 00618539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. RELATED PARTY DISCLOSURES

During the year, £20,000 (2023 - £20,000) of rent was payable to the company's pension scheme which owns the premises from which the company operates.