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Company Registration No. 03136154 (England and Wales)
Vogue Plastics Machinery Limited Unaudited accounts for the year ended 31 December 2023
Vogue Plastics Machinery Limited Unaudited accounts Contents
Page
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Vogue Plastics Machinery Limited Company Information for the year ended 31 December 2023
Directors
J M Salem J R Salem
Secretary
Mrs J R Salem
Company Number
03136154 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Vogue Plastics Machinery Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,021 
108,390 
Current assets
Inventories
235,080 
35,165 
Debtors
615,040 
1,107,248 
Cash at bank and in hand
1,274 
18,440 
851,394 
1,160,853 
Creditors: amounts falling due within one year
(853,893)
(1,069,075)
Net current (liabilities)/assets
(2,499)
91,778 
Total assets less current liabilities
89,522 
200,168 
Creditors: amounts falling due after more than one year
(350,613)
(145,757)
Provisions for liabilities
Deferred tax
(17,484)
(20,594)
Net (liabilities)/assets
(278,575)
33,817 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(278,675)
33,717 
Shareholders' funds
(278,575)
33,817 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
J M Salem Director Company Registration No. 03136154
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Vogue Plastics Machinery Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Vogue Plastics Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 03136154. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum on cost
Plant & machinery
20% per annum on a reducing balance basis
Fixtures & fittings
20% per annum on a reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Vogue Plastics Machinery Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
4,157 
196,215 
18,864 
219,236 
Additions
- 
- 
7,696 
7,696 
At 31 December 2023
4,157 
196,215 
26,560 
226,932 
Depreciation
At 1 January 2023
4,157 
88,891 
17,798 
110,846 
Charge for the year
- 
22,312 
1,753 
24,065 
At 31 December 2023
4,157 
111,203 
19,551 
134,911 
Net book value
At 31 December 2023
- 
85,012 
7,009 
92,021 
At 31 December 2022
- 
107,324 
1,066 
108,390 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
29,624 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
102,255 
21,401 
Trade debtors
- 
211,594 
Amounts due from group undertakings etc.
202,032 
256,670 
Accrued income and prepayments
13,127 
8,727 
Other debtors
297,626 
608,856 
615,040 
1,107,248 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
108,923 
185,356 
Obligations under finance leases and hire purchase contracts
3,002 
- 
Trade creditors
646,762 
791,731 
Taxes and social security
88,993 
82,269 
Other creditors
4,443 
7,949 
Accruals
1,770 
1,770 
853,893 
1,069,075 
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Vogue Plastics Machinery Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
322,065 
63,757 
Obligations under finance leases and hire purchase contracts
28,548 
- 
Other creditors
- 
82,000 
350,613 
145,757 
Liabilities under hire purchase agreements are secured on the assets to which they relate
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
The company is under the 100% ownership of Plastics Limited, during the year the company paid Plastics Limited a dividend of £35,000 (2022 - £Nil) and at the balance sheet date the company was owed £202,032 by Plastics Limited (2022 - £256,670) The loan is repayable upon demand and subject to interest at a commercial rate
10
Controlling party
The company is 100% owned by Plastics Limited, a company registered in England and Wales Registered office of Plastics Limited - Primary House, Spring Gardens, Macclesfield, Cheshire SK10 2DX
11
Post balance sheet events
The company made a loan to Eco Packing Products Limited ( Registered in England and Wales under company number 12461490 ). At the balance sheet date to loan amounted to £278,920. In 2024 Eco Packing Products Limited went into administration and it is unlikely that the loan will be recovered, accordingly it has been treated as an irrecoverable loan at the balance sheet date.
12
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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