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REGISTERED NUMBER: 02262037 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PLASTICS FOR GAMES LIMITED

PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASTICS FOR GAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs I M Kibble
Mr J P Kibble





REGISTERED OFFICE: Riverside View
Border Cot Lane
Wickham Market
Suffolk
IP13 0TA





REGISTERED NUMBER: 02262037 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 515,714 535,478

CURRENT ASSETS
Stocks 170,029 189,625
Debtors 5 72,837 78,666
Cash at bank and in hand 107,762 120,906
350,628 389,197
CREDITORS
Amounts falling due within one year 6 243,905 242,950
NET CURRENT ASSETS 106,723 146,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,437

681,725

CREDITORS
Amounts falling due after more than one
year

7

(33,507

)

(36,560

)

PROVISIONS FOR LIABILITIES (36,810 ) (38,224 )
NET ASSETS 552,120 606,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 552,020 606,841
SHAREHOLDERS' FUNDS 552,120 606,941

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

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

PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mr J P Kibble - Director


PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Plastics For Games 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods, is recognised on dispatch, and disclosed net of discounts and value added tax.

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 etc - 33% on reducing balance and 25% on reducing balance

Long leasehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful life by equal annual instalments. Where buildings are maintained to such a standard that their residual value is not less than their cost, no depreciation is charged as it is not material.


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 Statement of Income and Retained Earnings, 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.


PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 359,096 734,952 1,094,048
Additions - 49,302 49,302
Disposals - (40,490 ) (40,490 )
At 31 December 2024 359,096 743,764 1,102,860
DEPRECIATION
At 1 January 2024 - 558,570 558,570
Charge for year - 54,713 54,713
Eliminated on disposal - (26,137 ) (26,137 )
At 31 December 2024 - 587,146 587,146
NET BOOK VALUE
At 31 December 2024 359,096 156,618 515,714
At 31 December 2023 359,096 176,382 535,478

PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,495 39,683
Other debtors 18,342 38,983
72,837 78,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan and overdraft 25,531 24,519
Hire purchase contracts 3,343 17,386
Trade creditors 36,123 23,762
Taxation and social security 30,425 22,967
Other creditors 148,483 154,316
243,905 242,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 11,032 36,560
Hire purchase contracts 22,475 -
33,507 36,560

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 36,563 61,079
Hire purchase contracts 25,818 17,386
62,381 78,465

The bank loan and overdraft are secured by a debenture, a first legal charge over the leasehold of Riverside View, Wickham Market, Suffolk IP13 0TA and its associated assets and a personal guarantee by the directors of £75,000.

PLASTICS FOR GAMES LIMITED (REGISTERED NUMBER: 02262037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mrs I M Kibble
Balance outstanding at start of year - 10,000
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr J P Kibble
Balance outstanding at start of year - 46,872
Amounts repaid - (46,872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -