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Company Registration No. 7260465 (England and Wales)
West Lancs Rubber and Plastics Ltd Unaudited accounts for the year ended 31 May 2024
West Lancs Rubber and Plastics Ltd Unaudited accounts Contents
Page
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West Lancs Rubber and Plastics Ltd Company Information for the year ended 31 May 2024
Director
Marcus Christopher Houghton
Company Number
7260465 (England and Wales)
Registered Office
20 MILL LANE, RAINFORD INDUSTRIAL ESTATE RAINFORD ST. HELENS MERSEYSIDE WA11 8LS
Accountants
FPD Accountancy and Bookkeeping 46 East Lancashire Road St Helens Merseyside WA11 9AB
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West Lancs Rubber and Plastics Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,336 
6,621 
Current assets
Inventories
10,619 
8,055 
Debtors
8,599 
30,121 
Cash at bank and in hand
6,968 
6,925 
26,186 
45,101 
Creditors: amounts falling due within one year
(9,228)
(23,794)
Net current assets
16,958 
21,307 
Total assets less current liabilities
19,294 
27,928 
Creditors: amounts falling due after more than one year
(11,346)
(21,607)
Provisions for liabilities
Other provisions
(1,532)
(3,465)
Net assets
6,416 
2,856 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,415 
2,855 
Shareholders' funds
6,416 
2,856 
For the year ending 31 May 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 4 February 2025 and were signed on its behalf by
Marcus Christopher Houghton Director Company Registration No. 7260465
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West Lancs Rubber and Plastics Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
West Lancs Rubber and Plastics Ltd is a private company, limited by shares, registered in England and Wales, registration number 7260465. The registered office is 20 MILL LANE, RAINFORD INDUSTRIAL ESTATE, RAINFORD, ST. HELENS, MERSEYSIDE, WA11 8LS.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
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.
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West Lancs Rubber and Plastics Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
9,125 
15,000 
3,689 
27,814 
At 31 May 2024
9,125 
15,000 
3,689 
27,814 
Depreciation
At 1 June 2023
7,504 
10,000 
3,689 
21,193 
Charge for the year
535 
3,750 
- 
4,285 
At 31 May 2024
8,039 
13,750 
3,689 
25,478 
Net book value
At 31 May 2024
1,086 
1,250 
- 
2,336 
At 31 May 2023
1,621 
5,000 
- 
6,621 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,437 
28,654 
Accrued income and prepayments
2,162 
1,467 
8,599 
30,121 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,225 
9,908 
VAT
3,109 
7,442 
Trade creditors
11,845 
9,449 
Taxes and social security
6,322 
5,584 
Other creditors
3,362 
1,082 
Loans from directors
(26,769)
(12,060)
Accruals
1,134 
2,389 
9,228 
23,794 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,346 
21,607 
Creditors falling due after more than one year comprise a government backed loan secured to assist the business with working capital during the coronavirus pandemic. The loan was drawn down in May 2020. Security for the loan is provided by HM Government. The loan bears interest at 2.5%. During the first 12 months, the interest on this loan was paid by HM Government. This amounted to state aid of £1,250.
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West Lancs Rubber and Plastics Ltd Notes to the Accounts for the year ended 31 May 2024
8
Provisions for liabilities
£ 
At 1 June 2023
3,465 
Provisions used
(1,933)
At 31 May 2024
1,532 
During the year ending 31 May 2023, the company negotiated a 9 month rent break due to the poor conditions of the business premises. At the time of signing of the accounts, a new lease had not been signed. A rent free provision of 4 years has been calculated, consistent with the duration of previous lease periods.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Marcus Christopher Houghton
Directors current account
12,060 
29,987 
15,278 
26,769 
12,060 
29,987 
15,278 
26,769 
During the year, the director MC Houghton received an unsecured interest free loan from the company. At the year end the loan had a debit balance of £26,769 (2023: debit balance of £12,060). Mr MC Houghton received £14,700 of dividends (2023: £38,000) during the year.
11
Transactions with related parties
The director MC Houghton, who is also a shareholder, received dividends from the company of £14,700 (2023: £38,000) during the year.
12
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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