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Company Registration No. 04769990 (England and Wales)
Plastics Limited Unaudited accounts for the year ended 31 May 2024
Plastics Limited Unaudited accounts Contents
Page
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Plastics Limited Company Information for the year ended 31 May 2024
Director
J M Salem
Company Number
04769990 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2AP
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Plastics Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
100 
100 
Current assets
Debtors
200,000 
392,600 
Cash at bank and in hand
38 
198,639 
200,038 
591,239 
Creditors: amounts falling due within one year
(208,442)
(544,298)
Net current (liabilities)/assets
(8,404)
46,941 
Net (liabilities)/assets
(8,304)
47,041 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
(8,424)
46,921 
Shareholders' funds
(8,304)
47,041 
For the year ending 31 May 2024 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 director acknowledges his 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 and authorised for issue on 17 September 2024 and were signed on its behalf by
J M Salem Director Company Registration No. 04769990
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Plastics Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Plastics Limited is a private company, limited by shares, registered in England and Wales, registration number 04769990. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2AP.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Investments
Other investments 
£ 
Valuation at 1 June 2023
100 
Valuation at 31 May 2024
100 
The investment relates in full to the 100% ownership of the issued share capital in Vogue Plastics Machinery Limited, company number 03136154 which is a company registered in England & Wales
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
200,000 
392,600 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
202,032 
541,387 
Taxes and social security
6,349 
2,911 
Loans from directors
61 
- 
208,442 
544,298 
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Plastics Limited Notes to the Accounts for the year ended 31 May 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10 A Ordinary share of £1 each
10 
10 
10 B Ordinary Shares of £1 each
10 
10 
120 
120 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J M Salem
Loan to director
192,600 
132,339 
325,000 
(61)
192,600 
132,339 
325,000 
(61)
9
Transactions with related parties
Vogue Plastics Machinery Limited is a 100% owned subsidiary of Plastics Limited, during the year Vogue Plastics Machinery voted a dividend of £35,000 (2023 £Nil) to Plastics Limited At the balance sheet date Plastics Limited owed £202,033 ( 2023 £541,387 ) to Vogue Plastics Machinery Limited The loan is subject to interest at a commercial rate and repayable upon demand
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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