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REGISTERED NUMBER: 07754344















Benfleet Plastic Warehouse Limited

Abridged Financial Statements for the Year Ended 31st October 2024






Benfleet Plastic Warehouse Limited (Registered number: 07754344)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Benfleet Plastic Warehouse Limited

Company Information
for the year ended 31st October 2024







Director: G Smith





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 07754344





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

Benfleet Plastic Warehouse Limited (Registered number: 07754344)

Abridged Balance Sheet
31st October 2024

31/10/24 31/10/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 62,946 81,539

Current assets
Stocks 317,756 300,544
Debtors 477,130 507,736
Cash at bank and in hand 7,407 9,681
802,293 817,961
Creditors
Amounts falling due within one year 524,965 599,710
Net current assets 277,328 218,251
Total assets less current liabilities 340,274 299,790

Creditors
Amounts falling due after more than
one year

(126,086

)

(109,913

)

Provisions for liabilities (11,200 ) (12,338 )
Net assets 202,988 177,539

Capital and reserves
Called up share capital 5 100 100
Retained earnings 202,888 177,439
Shareholders' funds 202,988 177,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Benfleet Plastic Warehouse Limited (Registered number: 07754344)

Abridged Balance Sheet - continued
31st October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th February 2025 and were signed by:





G Smith - Director


Benfleet Plastic Warehouse Limited (Registered number: 07754344)

Notes to the Financial Statements
for the year ended 31st October 2024

1. Statutory information

Benfleet Plastic Warehouse Limited is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

Benfleet Plastic Warehouse Limited (Registered number: 07754344)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. Accounting policies - continued

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.

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 7 (2023 - 7 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st November 2023 224,194
Additions 5,000
At 31st October 2024 229,194
Depreciation
At 1st November 2023 142,655
Charge for year 23,593
At 31st October 2024 166,248
Net book value
At 31st October 2024 62,946
At 31st October 2023 81,539

Benfleet Plastic Warehouse Limited (Registered number: 07754344)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1st November 2023 111,445
Transfer to ownership (24,250 )
At 31st October 2024 87,195
Depreciation
At 1st November 2023 64,220
Charge for year 11,806
Transfer to ownership (18,495 )
At 31st October 2024 57,531
Net book value
At 31st October 2024 29,664
At 31st October 2023 47,225

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
100 Ordinary £1 100 100

6. Related party disclosures

Included in Other Creditors is £272,026 (2023: £(281,274)) due to Chelmsford Plastic Warehouse Ltd, a company owned and controlled by the director Mr G Smith.

Included in Other Creditors is £9,714 (2023: £(nil)) due to Romford Plastic Warehouse Ltd, a company owned and controlled by the director Mr G Smith.

7. Ultimate controlling party

The ultimate controlling party is G Smith.