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REGISTERED NUMBER: 01579951 (England and Wales)















POLYBRON PLASTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






POLYBRON PLASTICS LIMITED (REGISTERED NUMBER: 01579951)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


POLYBRON PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P C Brown
Mr A J Brown





REGISTERED OFFICE: Unit 4c, Gelders Hall Road
The Loughborough Motorway
Trading Estate
Shepshed
Leicestershire
LE12 9NH





REGISTERED NUMBER: 01579951 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

POLYBRON PLASTICS LIMITED (REGISTERED NUMBER: 01579951)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,826 81,834

CURRENT ASSETS
Stocks 92,000 112,000
Debtors 5 318,671 288,447
Cash at bank 713,063 822,407
1,123,734 1,222,854
CREDITORS
Amounts falling due within one year 6 303,176 335,435
NET CURRENT ASSETS 820,558 887,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,384

969,253

PROVISIONS FOR LIABILITIES 8,000 8,000
NET ASSETS 882,384 961,253

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 882,284 961,153
SHAREHOLDERS' FUNDS 882,384 961,253

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

POLYBRON PLASTICS LIMITED (REGISTERED NUMBER: 01579951)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





Mr P C Brown - Director


POLYBRON PLASTICS LIMITED (REGISTERED NUMBER: 01579951)

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

1. STATUTORY INFORMATION

Polybron 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.
Long leasehold - 2% on cost
Plant and equipment - 25% 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 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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 4 (2022 - 4 ) .

POLYBRON PLASTICS LIMITED (REGISTERED NUMBER: 01579951)

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

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 65,000 350,160 121,936 537,096
DEPRECIATION
At 1 January 2023 26,000 335,511 93,751 455,262
Charge for year 1,300 3,662 7,046 12,008
At 31 December 2023 27,300 339,173 100,797 467,270
NET BOOK VALUE
At 31 December 2023 37,700 10,987 21,139 69,826
At 31 December 2022 39,000 14,649 28,185 81,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 265,244 243,717
Directors' loan accounts 42,938 34,490
Prepayments 10,489 10,240
318,671 288,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,960 -
Other loans J B 21,600 21,600
Trade creditors 154,117 206,880
Tax 33,250 37,341
Social security and other taxes 1,472 1,044
Wages Control 3,910 1,923
VAT 23,453 22,909
Other creditors and accruals 46,414 43,738
303,176 335,435

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loaned money from the company on an interest basis, and was repaid on the 6th April 2024


The amount owed by P C Brown at 31st December 2023 was £13,838 (owed to - 2022 - £17,245)
The amount owed by A J Brown at 31st December 2023 was £29,099 (owed to - 2022 - £17,245)

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 were paid to the directors .