Company Registration No. 01903605 (England and Wales)
Firstpress (Plastic Moulders) Limited
Unaudited accounts
for the year ended 31 July 2024
Firstpress (Plastic Moulders) Limited
Unaudited accounts
Contents
Firstpress (Plastic Moulders) Limited
Company Information
for the year ended 31 July 2024
Directors
Mr Javed Iqbal Aziz
Mrs Zahida Aziz
Company Number
01903605 (England and Wales)
Registered Office
First Press Plastic Moulders Ltd
15 Pritchett Street
Birmingham
West Midlands
B6 4EH
England
Accountants
Younis Bhatti & Co Ltd
93 Broad Street
Birmingham
West Midlands
B15 1AU
Firstpress (Plastic Moulders) Limited
Statement of financial position
as at 31 July 2024
Tangible assets
758,084
729,758
Investments
530,887
530,887
Inventories
129,940
213,350
Cash at bank and in hand
69,796
46,739
Creditors: amounts falling due within one year
(834,202)
(927,756)
Net current (liabilities)/assets
(82,750)
298,297
Total assets less current liabilities
1,206,221
1,558,942
Creditors: amounts falling due after more than one year
267,810
(504,434)
Net assets
1,474,031
1,054,508
Called up share capital
2,000
2,000
Profit and loss account
1,472,031
1,052,508
Shareholders' funds
1,474,031
1,054,508
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Mr Javed Iqbal Aziz
Director
Company Registration No. 01903605
Firstpress (Plastic Moulders) Limited
Notes to the Accounts
for the year ended 31 July 2024
Firstpress (Plastic Moulders) Limited is a private company, limited by shares, registered in England and Wales, registration number 01903605. The registered office is First Press Plastic Moulders Ltd, 15 Pritchett Street , Birmingham, West Midlands, B6 4EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
2,234,913
86,281
79,601
2,400,795
Additions
108,000
-
-
108,000
At 31 July 2024
2,342,913
86,281
79,601
2,508,795
At 1 August 2023
1,535,043
74,060
61,934
1,671,037
Charge for the year
78,327
1,347
-
79,674
At 31 July 2024
1,613,370
75,407
61,934
1,750,711
At 31 July 2024
729,543
10,874
17,667
758,084
At 31 July 2023
699,870
12,221
17,667
729,758
Firstpress (Plastic Moulders) Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Investments
Other investments
Valuation at 1 August 2023
530,887
Valuation at 31 July 2024
530,887
Amounts falling due within one year
Trade debtors
550,972
965,220
Amounts falling due after more than one year
Accrued income and prepayments
744
744
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2
3
Trade creditors
536,633
493,248
Taxes and social security
155,789
17,983
Loans from directors
70,000
280,000
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
213,838
280,454
Other creditors
(510,422)
179,857
9
Average number of employees
During the year the average number of employees was 47 (2023: 51).