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REGISTERED NUMBER: 10083012 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 March 2024

for

SUPAPLASTICS LIMITED

SUPAPLASTICS LIMITED (Registered number: 10083012)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUPAPLASTICS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: NA Birchall
AP Birchall





REGISTERED OFFICE: Unit 3 York Avenue
Haslingden
Rossendale
Lancashire
BB4 4HX





REGISTERED NUMBER: 10083012 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

SUPAPLASTICS LIMITED (Registered number: 10083012)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,057 25,409

CURRENT ASSETS
Stocks 135,838 110,923
Debtors 5 21,709 87,603
Cash at bank 114,956 91,891
272,503 290,417
CREDITORS
Amounts falling due within one year 6 214,636 205,047
NET CURRENT ASSETS 57,867 85,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,924

110,779

PROVISIONS FOR LIABILITIES 7 4,764 6,018
NET ASSETS 72,160 104,761

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 72,060 104,661
SHAREHOLDERS' FUNDS 72,160 104,761

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.

SUPAPLASTICS LIMITED (Registered number: 10083012)

Statement of Financial Position - 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 15 August 2024 and were signed on its behalf by:





NA Birchall - Director


SUPAPLASTICS LIMITED (Registered number: 10083012)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SUPAPLASTICS 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.

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 etc - 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SUPAPLASTICS LIMITED (Registered number: 10083012)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 31,762
DEPRECIATION
At 1 April 2023 6,353
Charge for year 6,352
At 31 March 2024 12,705
NET BOOK VALUE
At 31 March 2024 19,057
At 31 March 2023 25,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 386 77,501
Other debtors 21,323 10,102
21,709 87,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 113,355 111,700
Taxation and social security 4,504 6,620
Other creditors 96,777 86,727
214,636 205,047

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,764 6,018

SUPAPLASTICS LIMITED (Registered number: 10083012)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 6,018
Provided during year (1,254 )
Balance at 31 March 2024 4,764

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Supaplastics Ltd is associated with Insullite Ltd. The amount due from Insullite Ltd at the year end was £18,823.