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REGISTERED NUMBER: 00447962 (England and Wales)














Unaudited Financial Statements

for the Period 31 January 2023 to 31 December 2023

for

Plasticraft Displays (Huddersfield)
Limited

Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)






Contents of the Financial Statements
for the Period 31 January 2023 to 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,810 15,487

CURRENT ASSETS
Stocks 58,500 58,500
Debtors 5 89,550 94,267
Cash at bank 1,548 2,166
149,598 154,933
CREDITORS
Amounts falling due within one year 6 115,305 114,302
NET CURRENT ASSETS 34,293 40,631
TOTAL ASSETS LESS CURRENT LIABILITIES 46,103 56,118

CREDITORS
Amounts falling due after more than one year 7 (40,392 ) (49,204 )

PROVISIONS FOR LIABILITIES (2,034 ) (2,687 )
NET ASSETS 3,677 4,227

CAPITAL AND RESERVES
Called up share capital 2,530 2,530
Retained earnings 1,147 1,697
SHAREHOLDERS' FUNDS 3,677 4,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period 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.

Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




Mr M G Holland - Director



Miss T A Holland - Director


Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)

Notes to the Financial Statements
for the Period 31 January 2023 to 31 December 2023

1. STATUTORY INFORMATION

Plasticraft Displays (Huddersfield) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00447962

Registered office: Unit 2,
Bradley Junction Industrial Estate
Leeds Road
Huddersfield
HD2 1UR

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied. Therefore, turnover includes an element of work carried out but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website development - Straight line over 10 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)

Notes to the Financial Statements - continued
for the Period 31 January 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Website development
Website developments costs have been included in tangible fixed assets where the following conditions apply:
- the expenditure is separately identifiable;
- the technical feasibility and commercial viability of the website has been assessed with reasonable certainty;
- the website will generate sales or other revenues directly and the expenditure makes an enduring contribution to the development of the revenue-generating capabilities of the website;
-there is a reasonable expectation that the present value of the future cash flows to be generated by the website will be no less than the amounts capitalised;

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Website Plant and and Computer
development machinery fittings equipment Totals
£    £    £    £    £   
COST
At 31 January 2023
and 31 December 2023 4,230 83,327 6,925 10,697 105,179
DEPRECIATION
At 31 January 2023 3,807 73,078 5,534 7,273 89,692
Charge for period 423 2,050 348 856 3,677
At 31 December 2023 4,230 75,128 5,882 8,129 93,369
NET BOOK VALUE
At 31 December 2023 - 8,199 1,043 2,568 11,810
At 30 January 2023 423 10,249 1,391 3,424 15,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 26,900 30,213
Other debtors 62,650 64,054
89,550 94,267

Plasticraft Displays (Huddersfield)
Limited (Registered number: 00447962)

Notes to the Financial Statements - continued
for the Period 31 January 2023 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 9,049 8,582
Trade creditors 50,423 47,066
Taxation and social security 17,967 25,220
Other creditors 37,866 33,434
115,305 114,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2023
£    £   
Bank loans 40,392 49,204

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,737 16,966

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Invoice discounting 22,606 27,192

Skipton Business Finance Ltd holds a fixed and floating charge over all the assets of the company.