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REGISTERED NUMBER: 10827904 (England and Wales)
























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONSOLIDATED PLASTICS LIMITED

CONSOLIDATED PLASTICS LIMITED (REGISTERED NUMBER: 10827904)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONSOLIDATED PLASTICS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: M J Foreman





REGISTERED OFFICE: 23 Shefford Road
Meppershall
Shefford
Bedfordshire
SG17 5LN





REGISTERED NUMBER: 10827904 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

CONSOLIDATED PLASTICS LIMITED (REGISTERED NUMBER: 10827904)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,774 -
Investments 5 4,382,746 4,382,746
4,384,520 4,382,746

CURRENT ASSETS
Cash at bank 2,112,452 1,144,784

CREDITORS
Amounts falling due within one year 6 19,629 11,416
NET CURRENT ASSETS 2,092,823 1,133,368
TOTAL ASSETS LESS CURRENT LIABILITIES 6,477,343 5,516,114

CAPITAL AND RESERVES
Called up share capital 7 194,502 194,502
Retained earnings 6,282,841 5,321,612
SHAREHOLDERS' FUNDS 6,477,343 5,516,114

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





M J Foreman - Director


CONSOLIDATED PLASTICS LIMITED (REGISTERED NUMBER: 10827904)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Consolidated 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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.

Going concern
As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate.

The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

CONSOLIDATED PLASTICS LIMITED (REGISTERED NUMBER: 10827904)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,141
At 31 March 2024 2,141
DEPRECIATION
Charge for year 367
At 31 March 2024 367
NET BOOK VALUE
At 31 March 2024 1,774

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 4,382,746
NET BOOK VALUE
At 31 March 2024 4,382,746
At 31 March 2023 4,382,746

Subsidiary Registered office Nature of business Share type Holding


Twinplast Limited

23 Shefford Road, Meppershall,
Shefford, SG17 5LN
Manufacture of
polythene based
products


Ordinary


100%

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 14,529 6,416
Other creditors 5,100 5,000
19,629 11,416

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
194,502 A Ordinary 1 194,502 194,502

CONSOLIDATED PLASTICS LIMITED (REGISTERED NUMBER: 10827904)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dilun Mistry FCA (Senior Statutory Auditor)
for and on behalf of TC Group

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

As from the 13th April 2023 the ultimate controlling parties are Martin Foreman, Samantha Aspinall, James Beazley and James Trafford, being the trustees of The Michael Cowan Foundation (Registered Charity Number 1137182).

11. SHARE-BASED PAYMENT TRANSACTIONS

The company has a share option scheme for some employees. Exercise of the options are at the discretion of the Board or in relation to a future corporate qualifying event. These options protect the value these employees bring to the business and also protect the employees future careers. The options are settled from existing equity once exercised.

If the options remain unexercised after a period of 10 years from the date of grant, the options expire. Options are forfeited if the employee leaves the company before the options vest.

No charge was made to the profit and loss account in respect of these options, as the relevant conditions are not currently foreseen, in accordance with FRS 102.


Expiry date
Exercise
price

2023

2022
£   NoNo
5 September 202911515