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REGISTERED NUMBER: 00628866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Rayburn Plastics Limited

Rayburn Plastics Limited (Registered number: 00628866)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rayburn Plastics Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Griffiths
J Griffiths
Ms J A Shelley
Ms L Sheppard
P Stokes
N C Evans





REGISTERED OFFICE: Whitehouse Street
Walsall
West Midlands
WS2 8HR





REGISTERED NUMBER: 00628866 (England and Wales)





ACCOUNTANTS: Moneywise Midlands
Office 4, Third Floor
26 Church Street
Kidderminster
Worcestershire
DY10 2AR

Rayburn Plastics Limited (Registered number: 00628866)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381,820 422,752

CURRENT ASSETS
Stocks 35,919 59,596
Debtors 5 304,176 514,624
Cash at bank 292,680 401,683
632,775 975,903
CREDITORS
Amounts falling due within one year 6 413,167 541,485
NET CURRENT ASSETS 219,608 434,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,428

857,170

CREDITORS
Amounts falling due after more than
one year

7

-

209,909
NET ASSETS 601,428 647,261

CAPITAL AND RESERVES
Called up share capital 8 50,002 50,002
Retained earnings 551,426 597,259
SHAREHOLDERS' FUNDS 601,428 647,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Rayburn Plastics Limited (Registered number: 00628866)

Balance Sheet - continued
31 May 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 17 January 2025 and were signed on its behalf by:





A Griffiths - Director


Rayburn Plastics Limited (Registered number: 00628866)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Rayburn Plastics Limited is a private company , 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on cost

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.

Rayburn Plastics Limited (Registered number: 00628866)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2023 25,728 1,587,423 12,899 1,626,050
Additions - 2,606 - 2,606
At 31 May 2024 25,728 1,590,029 12,899 1,628,656
DEPRECIATION
At 1 June 2023 25,728 1,174,345 3,225 1,203,298
Charge for year - 41,120 2,418 43,538
At 31 May 2024 25,728 1,215,465 5,643 1,246,836
NET BOOK VALUE
At 31 May 2024 - 374,564 7,256 381,820
At 31 May 2023 - 413,078 9,674 422,752

Included within the carrying value of tangible assets are balances of £93,560 (2023: £103,955) relating to assets held under financial leases or hire purchase agreements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 252,268 468,229
Other debtors 51,908 46,395
304,176 514,624

Rayburn Plastics Limited (Registered number: 00628866)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 211,060 301,751
Amounts owed to group undertakings 89,818 119,598
Social security and other taxes 64,027 62,100
Other creditors 48,262 58,036
413,167 541,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Other loans - 1-2 years - 200,000
Other creditors - 9,909
- 209,909

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
50,000 Ordinary 1 50,000 50,000
2 Ordinary A 1 2 2
50,002 50,002

9. RELATED PARTY DISCLOSURES

During the year the company was charged rent of £53,083 (2023: £Nil) by its then parent company Rayburn Holdings Limited. The obligation to pay rent had been suspended by the parent company due to the implication of the Covid pandemic. Payment of rent commenced from 1 June 2023.

10. POST BALANCE SHEET EVENTS

Pursuant to a written resolution and a share-for-share transfer agreement dated 15th August 2024 the company's entire called up share capital was acquired by Rayburn Technologies Limited.

Rayburn Plastics Limited (Registered number: 00628866)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Rayburn Holdings Ltd.

The ultimate controlling party is J Griffiths.

Pursuant to a resolution dated 15th August 2024 the company became a wholly owned subsidiary of Rayburn Technologies Limited, a company incorporated in England. The ultimate controlling party is Mr J.A.O. Griffiths by virtue of his controlling interest in the share capital of Rayburn Technologies Ltd.