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REGISTERED NUMBER: 00743495 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

APL PLASTICS LIMITED

APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APL PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G E Bartlett
W P Bartlett
A P Bartlett
M P Landauer
V A Bartlett
K L Bartlett





SECRETARY: W P Bartlett





REGISTERED OFFICE: Brunel Road
Houndmills Industrial Estate
Basingstoke
Hampshire
RG21 6TZ





REGISTERED NUMBER: 00743495 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 208,995 227,820

CURRENT ASSETS
Stocks 256,387 251,528
Debtors 5 850,016 736,090
Cash at bank and in hand 385,606 704,987
1,492,009 1,692,605
CREDITORS
Amounts falling due within one year 6 690,200 935,748
NET CURRENT ASSETS 801,809 756,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,804

984,677

PROVISIONS FOR LIABILITIES 7 52,249 19,701
NET ASSETS 958,555 964,976

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 958,455 964,876
SHAREHOLDERS' FUNDS 958,555 964,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

BALANCE SHEET - continued
31ST MARCH 2024


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 27th September 2024 and were signed on its behalf by:




G E Bartlett - Director



A P Bartlett - Director


APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

APL 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Government grants
The company recognises income arising from government grants using the performance model.

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 year 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 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.

APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


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
The company contributes to personal pension schemes for employees and directors. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st April 2023 22,812 1,748,030 44,166 230,034 2,045,042
Additions - 171 2,665 49,990 52,826
Disposals - - - (50,973 ) (50,973 )
At 31st March 2024 22,812 1,748,201 46,831 229,051 2,046,895
DEPRECIATION
At 1st April 2023 22,812 1,711,138 23,590 59,682 1,817,222
Charge for year - 10,859 3,806 37,871 52,536
Eliminated on disposal - - - (31,858 ) (31,858 )
At 31st March 2024 22,812 1,721,997 27,396 65,695 1,837,900
NET BOOK VALUE
At 31st March 2024 - 26,204 19,435 163,356 208,995
At 31st March 2023 - 36,892 20,576 170,352 227,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 821,642 729,311
Other debtors 28,374 6,779
850,016 736,090

APL PLASTICS LIMITED (REGISTERED NUMBER: 00743495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 336,238 367,799
Taxation and social security 120,754 190,636
Other creditors 233,208 377,313
690,200 935,748

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Deferred tax 19,701 32,188
Deferred tax movement 32,548 (12,487 )
52,249 19,701

Deferred tax
£
Balance at 1st April 2023 19,701
Utilised during year 32,548
Balance at 31st March 2024 52,249