P4 Products Ltd 12961725 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is online sales of plastic products. Digita Accounts Production Advanced 6.30.9574.0 true true true 12961725 2023-01-01 2023-12-31 12961725 2023-12-31 12961725 core:RetainedEarningsAccumulatedLosses 2023-12-31 12961725 core:ShareCapital 2023-12-31 12961725 core:CurrentFinancialInstruments 2023-12-31 12961725 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12961725 bus:SmallEntities 2023-01-01 2023-12-31 12961725 bus:Audited 2023-01-01 2023-12-31 12961725 bus:FullAccounts 2023-01-01 2023-12-31 12961725 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12961725 bus:RegisteredOffice 2023-01-01 2023-12-31 12961725 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 12961725 bus:Director2 2023-01-01 2023-12-31 12961725 bus:Director3 2023-01-01 2023-12-31 12961725 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12961725 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12961725 core:ShareCapital 2023-01-01 2023-12-31 12961725 1 2023-01-01 2023-12-31 12961725 countries:EnglandWales 2023-01-01 2023-12-31 12961725 2022-12-31 12961725 core:RetainedEarningsAccumulatedLosses 2022-12-31 12961725 core:ShareCapital 2022-12-31 12961725 2022-01-01 2022-12-31 12961725 2022-12-31 12961725 core:CurrentFinancialInstruments 2022-12-31 12961725 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12961725 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12961725 core:ShareCapital 2022-01-01 2022-12-31 12961725 2021-12-31 12961725 core:RetainedEarningsAccumulatedLosses 2021-12-31 12961725 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 12961725

P4 Products Ltd

Filleted Financial Statements

for the Year Ended 31 December 2023

 

P4 Products Ltd

Contents

Company Information

1

Statement of Comprehensive Income

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 7

 

P4 Products Ltd

Company Information

Directors

J R Rial

M R Wilson

J A Jarvis

Company secretary

J R Rial

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

Accountants

Forrester Boyd Robson
Chartered Accountants
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

Auditors

Smailes Goldie
Chartered Accountants
Regent’s Court
Princess Street
Hull
East Yorkshire
HU2 8BA

 

P4 Products Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

Loss for the year

(3,123)

(13,784)

Total comprehensive income for the year

(3,123)

(13,784)

 

P4 Products Ltd

(Registration number: 12961725)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

100

100

Cash at bank and in hand

 

179

6,641

 

279

6,741

Creditors: Amounts falling due within one year

5

(31,985)

(35,324)

Net liabilities

 

(31,706)

(28,583)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(31,806)

(28,683)

Shareholders' deficit

 

(31,706)

(28,583)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
J A Jarvis
Director

 

P4 Products Ltd

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

(28,683)

(28,583)

Loss for the year

-

(3,123)

(3,123)

At 31 December 2023

100

(31,806)

(31,706)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

100

(14,899)

(14,799)

Loss for the year

-

(13,784)

(13,784)

At 31 December 2022

100

(28,683)

(28,583)

 

P4 Products Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 12961725.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

The principal place of business is:
Heyford House
Catfoss Airfield
Brandesburton
Driffield
East Yorkshire
YO25 8EJ

These financial statements were authorised for issue by the Board on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A small entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on the going concern basis as the group has indicated its willingness to continue to support the company.

 

P4 Products Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 26 September 2024 was William Cowell ACA, who signed for and on behalf of Smailes Goldie.

.........................................

Revenue recognition

Turnover arises from the sale of plastic storage baskets. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the sale of goods in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the sale of plastic storage baskets is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, which is when the goods are delivered to the customer.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

Taxation for the period comprises current tax. Tax is recognised in the Profit and Loss Account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for plastic stroge baskets that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2022 - 3).

 

P4 Products Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Debtors

Current

2023
£

2022
£

Other debtors

100

100

 

100

100

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

142

7,350

Amounts owed to Company undertakings and undertakings in which the Company has a participating interest

6

30,214

26,203

Taxation and social security

 

199

451

Accruals and deferred income

 

1,430

1,320

 

31,985

35,324

6

Related party transactions

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.

7

Parent and ultimate parent undertaking

The Company's immediate parent is Poly Plastics Limited, incorporated in England & Wales.

 The ultimate parent is IGA Holdings Limited, incorporated in England & Wales.

  These financial statements are available upon request from Heyford House, Catfoss Airfield, Brandesburton, YO25 8EJ.