2023-06-012024-05-312024-05-31false12023875EPSOM PLASTICS LTD2024-10-0843342iso4217:GBPxbrli:pure120238752023-06-01120238752024-05-31120238752023-06-012024-05-31120238752022-06-01120238752023-05-31120238752022-06-012023-05-3112023875bus:SmallEntities2023-06-012024-05-3112023875bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3112023875bus:FullAccounts2023-06-012024-05-3112023875bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112023875core:WithinOneYear2024-05-3112023875core:AfterOneYear2024-05-3112023875core:WithinOneYear2023-05-3112023875core:AfterOneYear2023-05-3112023875core:ShareCapital2024-05-3112023875core:SharePremium2024-05-3112023875core:RevaluationReserve2024-05-3112023875core:OtherReservesSubtotal2024-05-3112023875core:RetainedEarningsAccumulatedLosses2024-05-3112023875core:ShareCapital2023-05-3112023875core:SharePremium2023-05-3112023875core:RevaluationReserve2023-05-3112023875core:OtherReservesSubtotal2023-05-3112023875core:RetainedEarningsAccumulatedLosses2023-05-3112023875core:LandBuildings2024-05-3112023875core:PlantMachinery2024-05-3112023875core:Vehicles2024-05-3112023875core:FurnitureFittings2024-05-3112023875core:OfficeEquipment2024-05-3112023875core:NetGoodwill2024-05-3112023875core:IntangibleAssetsOtherThanGoodwill2024-05-3112023875core:ListedExchangeTraded2024-05-3112023875core:UnlistedNon-exchangeTraded2024-05-3112023875core:LandBuildings2023-05-3112023875core:PlantMachinery2023-05-3112023875core:Vehicles2023-05-3112023875core:FurnitureFittings2023-05-3112023875core:OfficeEquipment2023-05-3112023875core:NetGoodwill2023-05-3112023875core:IntangibleAssetsOtherThanGoodwill2023-05-3112023875core:ListedExchangeTraded2023-05-3112023875core:UnlistedNon-exchangeTraded2023-05-3112023875core:LandBuildings2023-06-012024-05-3112023875core:PlantMachinery2023-06-012024-05-3112023875core:Vehicles2023-06-012024-05-3112023875core:FurnitureFittings2023-06-012024-05-3112023875core:OfficeEquipment2023-06-012024-05-3112023875core:NetGoodwill2023-06-012024-05-3112023875core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112023875core:ListedExchangeTraded2023-06-012024-05-3112023875core:UnlistedNon-exchangeTraded2023-06-012024-05-3112023875core:MoreThanFiveYears2023-06-012024-05-3112023875core:Non-currentFinancialInstruments2024-05-3112023875core:Non-currentFinancialInstruments2023-05-3112023875dpl:CostSales2023-06-012024-05-3112023875dpl:DistributionCosts2023-06-012024-05-3112023875core:LandBuildings2023-06-012024-05-3112023875core:PlantMachinery2023-06-012024-05-3112023875core:Vehicles2023-06-012024-05-3112023875core:FurnitureFittings2023-06-012024-05-3112023875core:OfficeEquipment2023-06-012024-05-3112023875dpl:AdministrativeExpenses2023-06-012024-05-3112023875core:NetGoodwill2023-06-012024-05-3112023875core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112023875dpl:GroupUndertakings2023-06-012024-05-3112023875dpl:ParticipatingInterests2023-06-012024-05-3112023875dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3112023875core:ListedExchangeTraded2023-06-012024-05-3112023875dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3112023875core:UnlistedNon-exchangeTraded2023-06-012024-05-3112023875dpl:CostSales2022-06-012023-05-3112023875dpl:DistributionCosts2022-06-012023-05-3112023875core:LandBuildings2022-06-012023-05-3112023875core:PlantMachinery2022-06-012023-05-3112023875core:Vehicles2022-06-012023-05-3112023875core:FurnitureFittings2022-06-012023-05-3112023875core:OfficeEquipment2022-06-012023-05-3112023875dpl:AdministrativeExpenses2022-06-012023-05-3112023875core:NetGoodwill2022-06-012023-05-3112023875core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112023875dpl:GroupUndertakings2022-06-012023-05-3112023875dpl:ParticipatingInterests2022-06-012023-05-3112023875dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112023875core:ListedExchangeTraded2022-06-012023-05-3112023875dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112023875core:UnlistedNon-exchangeTraded2022-06-012023-05-3112023875core:NetGoodwill2024-05-3112023875core:IntangibleAssetsOtherThanGoodwill2024-05-3112023875core:LandBuildings2024-05-3112023875core:PlantMachinery2024-05-3112023875core:Vehicles2024-05-3112023875core:FurnitureFittings2024-05-3112023875core:OfficeEquipment2024-05-3112023875core:AfterOneYear2024-05-3112023875core:WithinOneYear2024-05-3112023875core:ListedExchangeTraded2024-05-3112023875core:UnlistedNon-exchangeTraded2024-05-3112023875core:ShareCapital2024-05-3112023875core:SharePremium2024-05-3112023875core:RevaluationReserve2024-05-3112023875core:OtherReservesSubtotal2024-05-3112023875core:RetainedEarningsAccumulatedLosses2024-05-3112023875core:NetGoodwill2023-05-3112023875core:IntangibleAssetsOtherThanGoodwill2023-05-3112023875core:LandBuildings2023-05-3112023875core:PlantMachinery2023-05-3112023875core:Vehicles2023-05-3112023875core:FurnitureFittings2023-05-3112023875core:OfficeEquipment2023-05-3112023875core:AfterOneYear2023-05-3112023875core:WithinOneYear2023-05-3112023875core:ListedExchangeTraded2023-05-3112023875core:UnlistedNon-exchangeTraded2023-05-3112023875core:ShareCapital2023-05-3112023875core:SharePremium2023-05-3112023875core:RevaluationReserve2023-05-3112023875core:OtherReservesSubtotal2023-05-3112023875core:RetainedEarningsAccumulatedLosses2023-05-3112023875core:NetGoodwill2022-06-0112023875core:IntangibleAssetsOtherThanGoodwill2022-06-0112023875core:LandBuildings2022-06-0112023875core:PlantMachinery2022-06-0112023875core:Vehicles2022-06-0112023875core:FurnitureFittings2022-06-0112023875core:OfficeEquipment2022-06-0112023875core:AfterOneYear2022-06-0112023875core:WithinOneYear2022-06-0112023875core:ListedExchangeTraded2022-06-0112023875core:UnlistedNon-exchangeTraded2022-06-0112023875core:ShareCapital2022-06-0112023875core:SharePremium2022-06-0112023875core:RevaluationReserve2022-06-0112023875core:OtherReservesSubtotal2022-06-0112023875core:RetainedEarningsAccumulatedLosses2022-06-0112023875core:AfterOneYear2023-06-012024-05-3112023875core:WithinOneYear2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3112023875core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3112023875core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3112023875core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3112023875core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3112023875core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3112023875bus:Director12023-06-012024-05-31

EPSOM PLASTICS LTD

Registered Number
12023875
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

EPSOM PLASTICS LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

LANNING, Paul Frederick James

Registered Address

Unit 16 Nonsuch Industrial Estate
Kiln Lane
Epsom
KT17 1DH

Registered Number

12023875 (England and Wales)
EPSOM PLASTICS LTD
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,1871,582
1,1871,582
Current assets
Stocks436,00042,108
Debtors560,44554,203
Cash at bank and on hand9,87413,632
106,319109,943
Creditors amounts falling due within one year6(111,882)(130,218)
Net current assets (liabilities)(5,563)(20,275)
Total assets less current liabilities(4,376)(18,693)
Creditors amounts falling due after one year7(13,847)(16,622)
Provisions for liabilities8(225)(301)
Net assets(18,448)(35,616)
Capital and reserves
Called up share capital22
Profit and loss account(18,450)(35,618)
Shareholders' funds(18,448)(35,616)
The financial statements were approved and authorised for issue by the Director on 8 October 2024, and are signed on its behalf by:
LANNING, Paul Frederick James
Director
Registered Company No. 12023875
EPSOM PLASTICS LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The directors have committed to support the insolvent balance sheet by virtue of their loan to the company of £29,948 which they have undertaken not to withdraw until such time as the balance sheet is solvent and as such a going concern status is viable.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts.Turnover is recognised when the goods are physically delivered to the customer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 June 235,0005,000
At 31 May 245,0005,000
Depreciation and impairment
At 01 June 233,4183,418
Charge for year395395
At 31 May 243,8133,813
Net book value
At 31 May 241,1871,187
At 31 May 231,5821,582
4.Stocks

2024

2023

££
Finished goods36,00042,108
Total36,00042,108
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables40,69532,691
Other debtors10,08615,366
Prepayments and accrued income9,6646,146
Total60,44554,203
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables42,62056,220
Bank borrowings and overdrafts2,7762,776
Taxation and social security5,724744
Other creditors57,80967,748
Accrued liabilities and deferred income2,9532,730
Total111,882130,218
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,84716,622
Total13,84716,622
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)225301
Total225301