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REGISTERED NUMBER: 06161775 (England and Wales)















RESIN HANDLING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESIN HANDLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M A Heald
M P Heald
S L Banks
D Heald





SECRETARY: M A Heald





REGISTERED OFFICE: Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA





REGISTERED NUMBER: 06161775 (England and Wales)





ACCOUNTANTS: Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA

RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,595 246,361

CURRENT ASSETS
Stocks 31,974 45,926
Debtors 5 1,376,293 1,355,705
Cash at bank and in hand 395,877 355,657
1,804,144 1,757,288
CREDITORS
Amounts falling due within one year 6 635,417 714,256
NET CURRENT ASSETS 1,168,727 1,043,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,452,322

1,289,393

PROVISIONS FOR LIABILITIES 8 71,644 46,017
NET ASSETS 1,380,678 1,243,376

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,380,578 1,243,276
SHAREHOLDERS' FUNDS 1,380,678 1,243,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

BALANCE SHEET - continued
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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




S L Banks - Director M A Heald - Director




M P Heald - Director D Heald - Director


RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Resin Handling Services 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
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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 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 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.

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 loss over the relevant period. The capital element of the future payments is treated as a liability.

RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 509,661 36,866 546,527
Additions 83,846 4,622 88,468
Disposals (13,800 ) - (13,800 )
At 30 June 2024 579,707 41,488 621,195
DEPRECIATION
At 1 July 2023 283,133 17,033 300,166
Charge for year 41,154 3,495 44,649
Eliminated on disposal (7,215 ) - (7,215 )
At 30 June 2024 317,072 20,528 337,600
NET BOOK VALUE
At 30 June 2024 262,635 20,960 283,595
At 30 June 2023 226,528 19,833 246,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 763,522 818,719
Amounts owed by group undertakings 432,987 395,081
Other debtors 11,075 -
Directors' current accounts 2,892 2,892
Prepayments 165,817 139,013
1,376,293 1,355,705

RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 349,919 401,992
Amounts owed to group undertakings 33,275 97,188
Corporation tax 141,890 151,471
Social security and other taxes 16,302 14,842
VAT 51,691 16,484
Other creditors 10,538 8,220
Directors' current accounts 2,579 2,579
Accrued expenses 29,223 21,480
635,417 714,256

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 71,644 46,017

Deferred
tax
£   
Balance at 1 July 2023 46,017
Provided during year 25,627
Balance at 30 June 2024 71,644

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 1,243,276
Profit for the year 416,302
Dividends (279,000 )
At 30 June 2024 1,380,578

RESIN HANDLING SERVICES LIMITED (REGISTERED NUMBER: 06161775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. CONTINGENT LIABILITIES

The company has provided a guarantee for £340,000 supported by a debenture, as security for a loan for Resin HS Property Partnership. Resin HS Property Partnership is a partnership in which all the directors are members.

12. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.