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Registered number: 02193628









Associated Roto-Plastics Limited







Unaudited

Directors' Report and Financial Statements

For the year ended 31 December 2023

 
Associated Roto-Plastics Limited
 
 
Company Information


Directors
J Rowbotham 
PG Knowles 
L Webber 




Company secretary
S Rowbotham



Registered number
02193628



Registered office
Knowles Industrial Estate
Buxton Road

Furness Vale

High Peak

Derbyshire

SK23 7PH




Accountants
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG




Bankers
Royal Bank of Scotland
38 Mosley Street

Manchester

M60 2BE





 
Associated Roto-Plastics Limited
 

Contents



Page
Directors' Report
 
1
Accountants' Report
 
2
Profit and Loss Account
 
3
Balance Sheet
 
4
Notes to the Financial Statements
 
5 - 7


 
Associated Roto-Plastics Limited
 
 
 
Directors' Report
For the year ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors' responsibilities statement

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

J Rowbotham 
PG Knowles 
L Webber 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





J Rowbotham
Director

Date: 20 September 2024

Page 1

 
Associated Roto-Plastics Limited
 
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Associated Roto-Plastics Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Associated Roto-Plastics Limited for the year ended 31 December 2023 which comprise the profit and loss account, the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Associated Roto-Plastics Limited, as a body, in accordance with the terms of our engagement letter dated 16/1/24Our work has been undertaken solely to prepare for your approval the financial statements of Associated Roto-Plastics Limited and state those matters that we have agreed to state to the Board of Directors of Associated Roto-Plastics Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Associated Roto-Plastics Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Associated Roto-Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Associated Roto-Plastics Limited. You consider that Associated Roto-Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Associated Roto-Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurst Accountants Limited
Chartered Accountants & Statutory Auditors
3 Stockport Exchange
Stockport
Cheshire
SK1 3GG
23 September 2024
Page 2

 
Associated Roto-Plastics Limited
 
 
Profit and Loss Account
For the year ended 31 December 2023

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 3

 
Associated Roto-Plastics Limited
Registered number: 02193628

Balance Sheet
As at 31 December 2023

2023
2022
£
£

  

Current assets
  

Debtors
  
623,375
623,375

Creditors: amounts falling due within one year
  
(51,279)
(51,279)

Net current assets
  
 
 
572,096
 
 
572,096

Net assets
  
572,096
572,096


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
562,096
562,096

  
572,096
572,096


For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Rowbotham
Director

Date: 20 September 2024

The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
Associated Roto-Plastics Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

1.


General information

Associated Roto-Plastics Limited is a private company limited by shares and incorporated in England. The address of the registered office and principal place of business is Knowles Industrial Estate, Buxton Road, Furness Vale, High Peak, SK23 7PH.  The company's registered number is 02193628.

  
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified
within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the
Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The following principal accounting policies have been applied:

 
1.2

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 
Page 5

 
Associated Roto-Plastics Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

.Accounting policies (continued)


1.4
Financial instruments (continued)


Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 6

 
Associated Roto-Plastics Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 December 2023

2.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 -3).


3.


Controlling party

Rotational Moulding Group Limited (company number 06705878) is the ultimate parent undertaking and is the
parent of the largest and smallest group for which consolidated financial statements are drawn up of which the
company is a member. Rotational Moulding Group Limited's registered office is Knowles Industrial Estate, Buxton
Road, Furness Vale, High Peak, Derbyshire, SK23 7PH.

Page 7