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Company Registration No. 02032100 (England and Wales)
Oldbury Plastics Ltd Unaudited accounts for the year ended 30 April 2024
Oldbury Plastics Ltd Unaudited accounts Contents
Page
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Oldbury Plastics Ltd Company Information for the year ended 30 April 2024
Director
James Howard Torr
Company Number
02032100 (England and Wales)
Registered Office
10 Mountfields Brighton BN1 7BT United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Oldbury Plastics Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
17,116 
17,116 
Cash at bank and in hand
1,371 
90,519 
18,487 
107,635 
Creditors: amounts falling due within one year
(10,396)
(88,618)
Net current assets
8,091 
19,017 
Net assets
8,091 
19,017 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
20 
20 
Profit and loss account
7,971 
18,897 
Shareholders' funds
8,091 
19,017 
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
James Howard Torr Director Company Registration No. 02032100
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Oldbury Plastics Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Oldbury Plastics Ltd is a private company, limited by shares, registered in England and Wales, registration number 02032100. The registered office is 10 Mountfields, Brighton, BN1 7BT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The company is dormant and as such the company is not considered to be a going concern. These financial statements have therefore been prepared on a break up basis.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,116 
17,116 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
328 
328 
Loans from directors
8,772 
84,676 
Accruals
1,296 
3,614 
10,396 
88,618 
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Oldbury Plastics Ltd Notes to the Accounts for the year ended 30 April 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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