8
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
07058612
2023-04-01
2024-03-31
07058612
2024-03-31
07058612
2023-03-31
07058612
2022-04-01
2023-03-31
07058612
2023-03-31
07058612
2022-03-31
07058612
core:LandBuildings
core:LongLeaseholdAssets
2023-04-01
2024-03-31
07058612
core:PlantMachinery
2023-04-01
2024-03-31
07058612
core:FurnitureFittings
2023-04-01
2024-03-31
07058612
core:MotorVehicles
2023-04-01
2024-03-31
07058612
bus:RegisteredOffice
2023-04-01
2024-03-31
07058612
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
07058612
bus:Director2
2023-04-01
2024-03-31
07058612
core:WithinOneYear
2024-03-31
07058612
core:WithinOneYear
2023-03-31
07058612
core:LandBuildings
2023-03-31
07058612
core:PlantMachinery
2023-03-31
07058612
core:FurnitureFittings
2023-03-31
07058612
core:MotorVehicles
2023-03-31
07058612
core:LandBuildings
2024-03-31
07058612
core:PlantMachinery
2024-03-31
07058612
core:FurnitureFittings
2024-03-31
07058612
core:MotorVehicles
2024-03-31
07058612
core:LandBuildings
2023-04-01
2024-03-31
07058612
core:AfterOneYear
2024-03-31
07058612
core:AfterOneYear
2023-03-31
07058612
core:ShareCapital
2024-03-31
07058612
core:ShareCapital
2023-03-31
07058612
core:RetainedEarningsAccumulatedLosses
2024-03-31
07058612
core:RetainedEarningsAccumulatedLosses
2023-03-31
07058612
core:BetweenOneFiveYears
2024-03-31
07058612
core:BetweenOneFiveYears
2023-03-31
07058612
core:MoreThanFiveYears
2024-03-31
07058612
core:MoreThanFiveYears
2023-03-31
07058612
core:LandBuildings
2023-03-31
07058612
core:PlantMachinery
2023-03-31
07058612
core:FurnitureFittings
2023-03-31
07058612
core:MotorVehicles
2023-03-31
07058612
bus:Director1
2023-04-01
2024-03-31
07058612
bus:SmallEntities
2023-04-01
2024-03-31
07058612
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
07058612
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
07058612
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
07058612
bus:FullAccounts
2023-04-01
2024-03-31
07058612
core:Associate1
2023-04-01
2024-03-31
07058612
core:Associate1
2022-04-01
2023-03-31
07058612
core:Associate1
2024-03-31
07058612
core:Associate1
2023-03-31
COMPANY REGISTRATION NUMBER:
07058612
A14 Building Plastics Ltd |
|
Filleted Unaudited Financial Statements |
|
A14 Building Plastics Ltd |
|
Year ended 31 March 2024
Officers and professional advisers |
1 |
|
|
Accountants report to the director on the preparation of the unaudited statutory financial statements |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
5 |
|
|
A14 Building Plastics Ltd |
|
Officers and Professional Advisers |
|
Registered office |
10 Canberra House |
|
Corbygate Business Park |
|
Corby |
|
Northants |
|
NN17 5JG |
|
|
Accountants |
A Plus Accountants Limited |
|
Accountants |
|
10 Canberra House |
|
Corbygate Business Park |
|
Corby |
|
Northants |
|
NN17 5JG |
|
|
Bankers |
National Westminster Bank Plc |
|
PO Box 12263 |
|
1 Princes Street |
|
London |
|
EC2R 8PH |
|
|
|
Unit B1 - B2 |
|
The Court Yard |
|
Eckland Lodge Business Park |
|
Desborough |
|
LE16 8HB |
|
|
A14 Building Plastics Ltd |
|
Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
A14 Building Plastics Ltd |
|
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A14 Building Plastics Ltd for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of A14 Building Plastics Ltd in accordance with the terms of our engagement letter dated 18 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of A14 Building Plastics Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A14 Building Plastics Ltd and its director for our work or for this report.
It is your duty to ensure that A14 Building Plastics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A14 Building Plastics Ltd. You consider that A14 Building Plastics Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of A14 Building Plastics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A Plus Accountants Limited
Accountants
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
18 November 2024
A14 Building Plastics Ltd |
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Tangible assets |
5 |
|
63,426 |
73,510 |
|
|
|
|
|
Current assets
Stocks |
51,335 |
|
68,551 |
Debtors |
6 |
208,909 |
|
145,896 |
Cash at bank and in hand |
68,100 |
|
106,421 |
|
--------- |
|
--------- |
|
328,344 |
|
320,868 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
281,444 |
|
273,429 |
|
--------- |
|
--------- |
Net current assets |
|
46,900 |
47,439 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
110,326 |
120,949 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
15,000 |
25,000 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
3,223 |
4,078 |
|
|
--------- |
--------- |
Net assets |
|
92,103 |
91,871 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
120 |
120 |
Profit and loss account |
|
91,983 |
91,751 |
|
|
-------- |
-------- |
Shareholders funds |
|
92,103 |
91,871 |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
A14 Building Plastics Ltd |
|
Statement of Financial Position (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
Company registration number:
07058612
A14 Building Plastics Ltd |
|
Notes to the Financial Statements |
|
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northants, NN17 5JG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch or installation of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Government grants
Government grants are accounted for under FRS 102 Section 24 'Government grants'. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
The Company has opted to account for Government grants under the accrual method. Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Leashold Property Improvements |
- |
10% straight line |
|
Plant & Machinery |
- |
25% reducing balance |
|
Fixtures, Fittings & Equipment |
- |
25% reducing balance |
|
Motor Vehicles |
- |
25% reducing balance |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2023:
8
).
5.
Tangible assets
|
Leasehold property improvements |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
|
At 1 April 2023 |
66,642 |
2,776 |
32,733 |
26,695 |
128,846 |
Additions |
– |
– |
67 |
– |
67 |
|
-------- |
------- |
-------- |
-------- |
--------- |
At 31 March 2024 |
66,642 |
2,776 |
32,800 |
26,695 |
128,913 |
|
-------- |
------- |
-------- |
-------- |
--------- |
Depreciation |
|
|
|
|
|
At 1 April 2023 |
9,441 |
2,287 |
21,136 |
22,472 |
55,336 |
Charge for the year |
6,664 |
98 |
2,333 |
1,056 |
10,151 |
|
-------- |
------- |
-------- |
-------- |
--------- |
At 31 March 2024 |
16,105 |
2,385 |
23,469 |
23,528 |
65,487 |
|
-------- |
------- |
-------- |
-------- |
--------- |
Carrying amount |
|
|
|
|
|
At 31 March 2024 |
50,537 |
391 |
9,331 |
3,167 |
63,426 |
|
-------- |
------- |
-------- |
-------- |
--------- |
At 31 March 2023 |
57,201 |
489 |
11,597 |
4,223 |
73,510 |
|
-------- |
------- |
-------- |
-------- |
--------- |
|
|
|
|
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
92,201 |
66,238 |
Prepayments and accrued income |
5,583 |
6,083 |
Amounts owed from Associated Companies |
111,125 |
73,575 |
|
--------- |
--------- |
|
208,909 |
145,896 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
10,000 |
10,000 |
Trade creditors |
212,994 |
190,285 |
Accruals and deferred income |
4,223 |
1,172 |
Corporation tax |
34,662 |
44,079 |
Social security and other taxes |
19,248 |
27,788 |
Other creditors |
317 |
105 |
|
--------- |
--------- |
|
281,444 |
273,429 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
15,000 |
25,000 |
|
-------- |
-------- |
|
|
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
Not later than 1 year |
27,239 |
27,239 |
Later than 1 year and not later than 5 years |
110,763 |
112,319 |
Later than 5 years |
49,241 |
73,087 |
|
--------- |
--------- |
|
187,243 |
212,645 |
|
--------- |
--------- |
|
|
|
10.
Related party transactions
During the year V Guidera was also a director of A14 Glass Rooms Limited. During the year, net recharges from A14 Building Plastics Limited to
A14 Glass Rooms Limited
amounted to £ 17,413
(2023: £ 28,883
). A14 Glass Rooms Limited
advanced A14 Building Plastics Limited £ 0
(2023: £ 7,884
). In addition, A14 Glass Rooms Limited repaid A14 Building Plastics Limited £ 15,093
(2023: £ 0
) At the year end the amount outstanding including within associated company balances is £ 76,253
(2022: £ 73,576
). The amount outstanding is interest free and repayable on demand.