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REGISTERED NUMBER: 00518906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PLASTICS FABRICATION & PRINTING LIMITED

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASTICS FABRICATION & PRINTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Leask
I Michael





REGISTERED OFFICE: Unit 24 Peverel Drive
Granby Industrial Estate
Bletchley
Milton Keynes
Buckinghamshire
MK1 1NW





REGISTERED NUMBER: 00518906 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 28,675 22,824

CURRENT ASSETS
Stocks 216,953 267,891
Debtors 5 259,800 258,079
Cash at bank and in hand 418,381 451,739
895,134 977,709
CREDITORS
Amounts falling due within one year 6 109,229 132,599
NET CURRENT ASSETS 785,905 845,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,580

867,934

PROVISIONS FOR LIABILITIES 5,448 4,337
NET ASSETS 809,132 863,597

CAPITAL AND RESERVES
Called up share capital 8 2,004 2,004
Capital redemption reserve 401 401
Retained earnings 806,727 861,192
SHAREHOLDERS' FUNDS 809,132 863,597

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

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

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





M Leask - Director


PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


1. STATUTORY INFORMATION

Plastics Fabrication & Printing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods provided in the normal course of business, net of discounts and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Equipment - 20% on cost

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 Income Statement, 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.

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
COST
At 1 April 2023 68,674 4,328 7,799 3,416 84,217
Additions 16,707 - - - 16,707
Disposals (9,410 ) (235 ) - (125 ) (9,770 )
At 31 March 2024 75,971 4,093 7,799 3,291 91,154
DEPRECIATION
At 1 April 2023 54,236 3,535 1,300 2,322 61,393
Charge for year 4,865 197 1,950 442 7,454
Eliminated on disposal (6,010 ) (233 ) - (125 ) (6,368 )
At 31 March 2024 53,091 3,499 3,250 2,639 62,479
NET BOOK VALUE
At 31 March 2024 22,880 594 4,549 652 28,675
At 31 March 2023 14,438 793 6,499 1,094 22,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 113,922 110,533
Amounts owed by group undertakings 89,313 89,313
Other debtors 28,971 21,733
Directors' current accounts 22,700 36,500
Tax 4,246 -
Prepayments and accrued income 648 -
259,800 258,079

PLASTICS FABRICATION & PRINTING LIMITED (REGISTERED NUMBER: 00518906)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 27,674 36,500
Tax - 9,766
Social security and other taxes 4,304 3,070
VAT 33,971 24,078
Other creditors 26,898 39,601
Accruals and deferred income 16,382 19,584
109,229 132,599

7. FINANCIAL COMMITMENTS

The company had annual operating lease commitments of £258,723 (2023 - £196,813). This expires in October 2028.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2,004 Ordinary £1 2,004 2,004

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
M Leask
Balance outstanding at start of year 25,800 -
Amounts advanced 17,000 25,800
Amounts repaid (26,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,800 25,800

I Michael
Balance outstanding at start of year 10,700 -
Amounts advanced - 10,700
Amounts repaid (4,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,900 10,700

The loans are interest free and repayable on demand.