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Registered number: 06288256
Uni-trim Plastics Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06288256
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,859 4,717
3,859 4,717
CURRENT ASSETS
Stocks 38,417 35,127
Debtors 84,633 129,427
Cash at bank and in hand 51,502 7,692
174,552 172,246
Creditors: Amounts Falling Due Within One Year (62,946 ) (46,452 )
NET CURRENT ASSETS (LIABILITIES) 111,606 125,794
TOTAL ASSETS LESS CURRENT LIABILITIES 115,465 130,511
Creditors: Amounts Falling Due After More Than One Year - (10,557 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (851 ) (1,036 )
NET ASSETS 114,614 118,918
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 114,613 118,917
SHAREHOLDERS' FUNDS 114,614 118,918
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Lee Perryman
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Uni-trim Plastics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06288256 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  3 (2023: 1)
3 1
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 24,710
Additions 427
As at 31 March 2024 25,137
Depreciation
As at 1 April 2023 19,993
Provided during the period 1,285
As at 31 March 2024 21,278
Net Book Value
As at 31 March 2024 3,859
As at 1 April 2023 4,717
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 15,957 17,065
Later than one year and not later than five years - 15,957
15,957 33,022
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Simon Perryman 31,805 13,959 (32,000 ) - 13,764
Mr Lee Perryman 45,116 43,011 (49,571 ) - 38,556
Beneficial loan interest has been charged on Mr S Perryman's overdrawn loan account at a rate of 2.25% and this amounted to £167 (2023: £459).
Beneficial loan interest has been charged on Mr L Perryman's overdrawn loan account at a rate of 2.25% and this amounted to £530 (2023: £611).
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