Premier Plastics Holdings Ltd
Filleted accounts
31 December 2023
Company registration number:
09711754
Premier Plastics Holdings Ltd
Directors and other information
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Directors |
C Edlund-Reeve |
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J Reeve |
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J C Reeve |
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Company number |
09711754 |
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Registered office |
The Old Dairy |
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12 Stephen Road |
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Headington |
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Oxford |
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OX3 9AY |
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Auditor |
Cox Hinkins Audit Services Limited |
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The Old Dairy |
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12 Stephen Road |
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Headington |
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Oxford |
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OX3 9AY |
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Premier Plastics Holdings Ltd
Directors responsibilities statement
Year ended 31st December 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Premier Plastics Holdings Ltd
Balance sheet
31st December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
100,003 |
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100,003 |
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_______ |
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_______ |
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100,003 |
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100,003 |
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Current assets |
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Debtors |
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6 |
61,196 |
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61,196 |
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_______ |
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_______ |
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61,196 |
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61,196 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
150,008) |
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(
150,008) |
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_______ |
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_______ |
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Net current liabilities |
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(
88,812) |
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(
88,812) |
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_______ |
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Net assets |
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11,191 |
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11,191 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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100 |
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100 |
Profit and loss account |
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11,091 |
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11,091 |
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_______ |
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_______ |
Shareholders funds |
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11,191 |
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11,191 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 September 2024
, and are signed on behalf of the board by:
J C Reeve
Director
Company registration number:
09711754
Premier Plastics Holdings Ltd
Notes to the financial statements
Year ended 31st December 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of a
holding company
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2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Investments
Investments in subsidiary undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1st January 2023 and 31st December 2023 |
150,003 |
150,003 |
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_______ |
_______ |
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Impairment |
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At 1st January 2023 and 31st December 2023 |
50,000 |
50,000 |
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_______ |
_______ |
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Carrying amount |
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At 31st December 2023 |
100,003 |
100,003 |
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_______ |
_______ |
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At 31st December 2022 |
100,003 |
100,003 |
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_______ |
_______ |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Premier Plastic Parts Limited |
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England and Wales |
Ordinary |
100 |
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Premier Security Products Limited |
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England and Wales |
Ordinary |
100 |
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Premier Moulding Machinery Limited |
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England and Wales |
Ordinary |
100 |
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EAS Labels Direct Limited |
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England and Wales |
Ordinary |
100 |
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Uniform Precision Tooling Limited |
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England and Wales |
Ordinary |
100 |
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Uniform Tooling Limited |
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England and Wales |
Ordinary |
100 |
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The subsidiary undertakings EAS Labels Direct Limited and Uniform Tooling Limited are dormant companies.
6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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61,191 |
61,191 |
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Other debtors |
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5 |
5 |
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_______ |
_______ |
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61,196 |
61,196 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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150,008 |
150,008 |
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_______ |
_______ |
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Amounts owed to group undertakings includes £149,905 (2022: £149,905) owed to the company's ultimate parent company. This debt is secured by way of a first fixed charge and a first floating charge over all of the assets of the company, both present and future.
8.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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Ordinary shares of £
1.00 each |
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100 |
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100 |
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100 |
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100 |
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_______ |
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9.
Summary audit opinion
The auditor's report for the year dated
10 September 2024
was unqualified.
The senior statutory auditor was
Michael Howard Hinkins
for and on behalf of
Cox Hinkins Audit Services Limited
10.
Controlling party
The company is under the control of
Data Plastics Limited
which owns 95% of the issued share capital.
11.
Ultimate parent undertaking
Data Plastics Limited, a company incorporated in England and Wales, is regarded by the directors as being the company's ultimate parent company.