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REGISTERED NUMBER: 08183046 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STH PLASTICS LIMITED

STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STH PLASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: Mr S T Hill
Mrs P J Hill
Mr A Littlewood
Mr D Griffiths
Mr A Kay





Registered office: Upperbrook Farm
Atlow Lane
Atlow
Ashbourne
Derbyshire
DE6 1NS





Registered number: 08183046 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 74,569 -
Investments 5 6,595,373 6,580,497
6,669,942 6,580,497

Current assets
Debtors 6 13,171 132,486
Cash at bank - 26,624
13,171 159,110
Creditors
Amounts falling due within one year 7 (361,930 ) (599,484 )
Net current liabilities (348,759 ) (440,374 )
Total assets less current liabilities 6,321,183 6,140,123

Creditors
Amounts falling due after more than one
year

8

(6,311,219

)

(6,130,125

)
Net assets 9,964 9,998

Capital and reserves
Called up share capital 10 133 133
Retained earnings 9,831 9,865
Shareholders' funds 9,964 9,998

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





Mr S T Hill - Director


STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)

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

1. STATUTORY INFORMATION

STH Plastics 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.

Preparation of consolidated financial statements
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£ £ £
Cost
Additions 74,312 3,173 77,485
At 30 April 2024 74,312 3,173 77,485
Depreciation
Charge for year 2,652 264 2,916
At 30 April 2024 2,652 264 2,916
Net book value
At 30 April 2024 71,660 2,909 74,569

Included within the net book value of £74,569 is £71,660, (2023 - £nil) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £2,652 (2023 - £nil).

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
Additions 74,312
At 30 April 2024 74,312
Depreciation
Charge for year 2,652
At 30 April 2024 2,652
Net book value
At 30 April 2024 71,660

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
Cost
At 1 May 2023 6,580,497
Additions 14,876
At 30 April 2024 6,595,373
Net book value
At 30 April 2024 6,595,373
At 30 April 2023 6,580,497

STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)

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

5. FIXED ASSET INVESTMENTS - continued

The company owns 100% of the issued share capital of the companies listed below,

30/04/2024 30/04/2023
Aggregate capital and reserves
Adreco Limited 863,034 810,480
International Scientific Supplies Ltd 4,613,587 4,799,004

Profit and (loss) for the year
Adreco Limited 113,154 (47,284 )
International Scientific Supplies Ltd 164,583 509,352

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 13,171 132,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 326,598 69,173
Hire purchase contracts 9,206 -
Trade creditors 17,709 -
Social security and other taxes 2,674 -
Other creditors 609 450,100
Directors' loan accounts 634 -
Accruals and deferred income 4,500 80,211
361,930 599,484

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 2-5 years 1,409,722 -
Hire purchase contracts 58,040 -
Amounts owed to group undertakings 4,843,457 6,130,125
6,311,219 6,130,125

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
HSBC Loan 1,701,389 -

STH PLASTICS LIMITED (REGISTERED NUMBER: 08183046)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
9,805 A Ordinary 1p 98 100
2,000 B Ordinary 1p 20 20
1,333 C Ordinary 1p 13 13
195 D Ordinary 1p 2 -
133 133

During the year 195 A Ordinary shares were transferred to D Ordinary shares

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
Mr S T Hill
Balance outstanding at start of year 132,453 850
Amounts advanced 196,913 131,603
Amounts repaid (330,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (634 ) 132,453

12. RELATED PARTY DISCLOSURES

The company holds the entire share capital of Adreco Limited and acquired 100% of the share capital of International Scientific Supplies Ltd during the year.

During the year, dividends were received from Adreco Ltd of £60,600 (2023: £97,620).

During the year, dividends were received from International Scientific Supplies Ltd of £350,000 (2023: £455,900).

The balance due to Adreco Limited at the end of the period, included in creditors, is £1,155,371 (2023: £1,137,358).

The balance due to International Scientific Supplies Ltd at the end of the period, included in creditors, is £3,688,085 (2023: £4,992,767).