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REGISTERED NUMBER: 04429069 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

TRP Polymer Solutions Limited

TRP Polymer Solutions Limited (Registered number: 04429069)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRP Polymer Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J R Watts
P S Watts
P R Foster





SECRETARY: R J Francis





REGISTERED OFFICE: Netherwood Road
Rotherwas Industrial Estate
Hereford
Herefordshire
HR2 6JU





REGISTERED NUMBER: 04429069 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

TRP Polymer Solutions Limited (Registered number: 04429069)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,270,335 5,909,573

CURRENT ASSETS
Stocks 5 4,043,758 3,557,639
Debtors 6 1,987,848 1,994,076
Cash at bank 1,989,413 1,967,940
8,021,019 7,519,655
CREDITORS
Amounts falling due within one year 7 1,470,173 1,332,850
NET CURRENT ASSETS 6,550,846 6,186,805
TOTAL ASSETS LESS CURRENT LIABILITIES 12,821,181 12,096,378

PROVISIONS FOR LIABILITIES 837,884 857,384
NET ASSETS 11,983,297 11,238,994

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 11,978,297 11,233,994
SHAREHOLDERS' FUNDS 11,983,297 11,238,994

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.

TRP Polymer Solutions Limited (Registered number: 04429069)

Balance Sheet - continued
30 April 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 21 January 2025 and were signed on its behalf by:




J R Watts - Director



P S Watts - Director


TRP Polymer Solutions Limited (Registered number: 04429069)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

TRP Polymer Solutions 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.
Freehold property and improvements - 4% on cost
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Motor vehicles - 15% on reducing balance
Office Furniture and Equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 48 ) .

TRP Polymer Solutions Limited (Registered number: 04429069)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Freehold Office
property Furniture
and Plant and Motor and
improvements machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,030,589 5,015,234 281,999 445,964 8,773,786
Additions 99,663 274,008 156,999 167,487 698,157
At 30 April 2024 3,130,252 5,289,242 438,998 613,451 9,471,943
DEPRECIATION
At 1 May 2023 550,551 1,979,515 105,502 228,645 2,864,213
Charge for year 60,612 196,823 37,447 42,513 337,395
At 30 April 2024 611,163 2,176,338 142,949 271,158 3,201,608
NET BOOK VALUE
At 30 April 2024 2,519,089 3,112,904 296,049 342,293 6,270,335
At 30 April 2023 2,480,038 3,035,719 176,497 217,319 5,909,573

5. STOCKS
2024 2023
£    £   
Raw materials 1,702,338 1,862,127
Finished goods 2,341,420 1,695,512
4,043,758 3,557,639

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,878,674 1,868,806
Other debtors 5,000 5,000
Prepayments 104,174 120,270
1,987,848 1,994,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 125,014
Trade creditors 871,836 571,949
Tax 106,522 156,478
Social security and other taxes 279,811 338,855
Other creditors 81,588 76,773
Directors' current accounts 40,997 29,000
Accrued expenses 89,419 34,781
1,470,173 1,332,850

TRP Polymer Solutions Limited (Registered number: 04429069)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary 1 5,000 5,000