Company registration number: 01644094
Unaudited financial statements
for the year ended 30 June 2024
for
Gilbert Curry Industrial Plastics Company Limited
Pages for filing with the Registrar
Company registration number: 01644094
Gilbert Curry Industrial Plastics Company Limited
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 203,863 237,684
Investments 5 2,923 2,427
206,786 240,111
Current assets
Stocks 102,127 84,118
Debtors 573,025 352,041
Cash at bank and in hand 307,070 357,018
982,222 793,177
Creditors: amounts falling due within
one year
(979,998) (752,644)
Net current assets 2,224 40,533
Total assets less current liabilities 209,010 280,644
Creditors: Amounts falling due after
more than one year
(39,117) (51,931)
Provisions for liabilities (26,854) (34,534)
NET ASSETS 143,039 194,179
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 141,039 192,179
TOTAL EQUITY 143,039 194,179
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01644094
Gilbert Curry Industrial Plastics Company Limited
Balance sheet - continued
as at 30 June 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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 10 September 2024 and signed on its behalf by:
Mr W Wager, Director
10 September 2024
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Gilbert Curry Industrial Plastics Company Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
The company is registered in England and Wales. Its registered number is 01644094. The company is limited by shares. Its registered office is 16 Bayton Road, Bayton Road Industrial Estate, Coventry, CV7 9EJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - Straight line over the term of the lease
Plant and machinery - 20% straight line
Fixtures & fittings - 20% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 15% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Gilbert Curry Industrial Plastics Company Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or lossover the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 25 (2023 - 28).
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Gilbert Curry Industrial Plastics Company Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 975,061
Additions 57,702
Disposals (72,914)
At 30 June 2024 959,849
Depreciation
At 1 July 2023 737,377
Charge for year 66,094
Eliminated on disposal (47,485)
At 30 June 2024 755,986
Net book value
At 30 June 2024 203,863
At 30 June 2023 237,684
5 Fixed asset investments
Investments other than loans
Other

investments
other than lo
£
Cost
At 1 July 2023 2,427
Revaluations 496
At 30 June 2024 2,923
Net book value
At 30 June 2024 2,923
At 30 June 2023 2,427
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