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REGISTERED NUMBER: 01649342 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CADILLAC PLASTIC LIMITED

CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)






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


CADILLAC PLASTIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J M Jones
Mrs A B Jones
Mrs C J Kennedy
Mr A M Kennedy





SECRETARY: Mr J M Jones





REGISTERED OFFICE: Rivermead Drive
Westlea
Swindon
Wiltshire
SN5 7YT





REGISTERED NUMBER: 01649342 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,085 97,166

CURRENT ASSETS
Stocks 406,613 548,211
Debtors 5 5,279,634 5,326,521
Cash at bank and in hand 20,296 71,515
5,706,543 5,946,247
CREDITORS
Amounts falling due within one year 6 1,082,470 1,212,220
NET CURRENT ASSETS 4,624,073 4,734,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,716,158

4,831,193

PROVISIONS FOR LIABILITIES 99,633 198,880
NET ASSETS 4,616,525 4,632,313

CAPITAL AND RESERVES
Called up share capital 1,948,642 1,948,642
Retained earnings 2,667,883 2,683,671
4,616,525 4,632,313

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.

CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings 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 J M Jones - Director


CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)

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

1. STATUTORY INFORMATION

Cadillac Plastic 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 9 -10 years
Plant and machinery etc - Straight line over 3 - 10 years and Straight line over 3 - 7 years

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 93,074 774,362 867,436
Additions - 20,684 20,684
At 31 December 2023 93,074 795,046 888,120
DEPRECIATION
At 1 January 2023 90,043 680,227 770,270
Charge for year 638 25,127 25,765
At 31 December 2023 90,681 705,354 796,035
NET BOOK VALUE
At 31 December 2023 2,393 89,692 92,085
At 31 December 2022 3,031 94,135 97,166

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,012,425 1,150,944
Other debtors 602,740 601,108
1,615,165 1,752,052

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,664,469 3,574,469

Aggregate amounts 5,279,634 5,326,521

CADILLAC PLASTIC LIMITED (REGISTERED NUMBER: 01649342)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 468,561 594,156
Taxation and social security 315,255 451,344
Other creditors 298,654 166,720
1,082,470 1,212,220

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 91,065

8. SECURED DEBTS

The company's liabilities include an amount of £272,092 (2022 - £126,267) which is secured by way of fixed and floating charges over the fixed assets and intellectual property of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A M Kennedy
Balance outstanding at start of year 405,238 -
Amounts advanced 9,063 405,238
Amounts repaid (9,479 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 404,822 405,238

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rivermead Plastic Limited registered at Rivermead Drive, Westlea, Swindon, Wiltshire, SN5 7EX.