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REGISTERED NUMBER: 06942043 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WHW PLASTICS LIMITED

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHW PLASTICS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: C Clinton
C A Clinton
M J Fendt
A R Wright
C M Wright
D M Wright
J Wright
M F Wright





REGISTERED OFFICE: Whw Plastics
Therm Road
Cleveland Street
Hull
HU8 7BF





REGISTERED NUMBER: 06942043 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291,477 235,749
Investments 5 37,000 37,000
328,477 272,749

CURRENT ASSETS
Stocks 1,159,754 1,086,638
Debtors 6 1,087,710 1,132,246
Cash at bank and in hand 1,257,290 842,241
3,504,754 3,061,125
CREDITORS
Amounts falling due within one year 7 735,051 718,561
NET CURRENT ASSETS 2,769,703 2,342,564
TOTAL ASSETS LESS CURRENT LIABILITIES 3,098,180 2,615,313

CREDITORS
Amounts falling due after more than
one year

8

(7,459

)

-

PROVISIONS FOR LIABILITIES (66,578 ) (46,823 )
NET ASSETS 3,024,143 2,568,490

CAPITAL AND RESERVES
Called up share capital 10 68 68
Capital redemption reserve 12 12
Retained earnings 3,024,063 2,568,410
SHAREHOLDERS' FUNDS 3,024,143 2,568,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

BALANCE SHEET - continued
30 September 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:




M F Wright - Director J Wright - Director




C Clinton - Director C A Clinton - Director




A R Wright - Director D M Wright - Director




C M Wright - Director M J Fendt - Director


WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

WHW Plastics 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of accounting estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property Over the lease term, 5% on cost
Plant and machinery 15% reducing balance, 15% - 33% straight line
Fixtures and fittings 15% reducing balance, 15% straight line or over lease term
Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Fixed assets investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 46,589 253,802 105,834 99,678 505,903
Additions 52,621 23,887 20,515 22,749 119,772
Disposals - (16,377 ) (10,302 ) - (26,679 )
At 30 September 2024 99,210 261,312 116,047 122,427 598,996
DEPRECIATION
At 1 October 2023 4,623 168,642 74,036 22,853 270,154
Charge for year 3,502 20,012 5,479 23,945 52,938
Eliminated on disposal - (6,961 ) (8,612 ) - (15,573 )
At 30 September 2024 8,125 181,693 70,903 46,798 307,519
NET BOOK VALUE
At 30 September 2024 91,085 79,619 45,144 75,629 291,477
At 30 September 2023 41,966 85,160 31,798 76,825 235,749

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 October 2023
and 30 September 2024 37,000
NET BOOK VALUE
At 30 September 2024 37,000
At 30 September 2023 37,000

Shares in group undertakings and participating interests

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 857,611 905,288
Other debtors 230,099 226,958
1,087,710 1,132,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 213,778 212,275
Taxation and social security 386,318 376,631
Other creditors 134,955 129,655
735,051 718,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 7,459 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 129,530 126,261
Between one and five years 255,349 236,078
In more than five years 98,625 -
483,504 362,339

WHW PLASTICS LIMITED (REGISTERED NUMBER: 06942043)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary C £1 8 8
8 Ordinary D £1 8 8
10 Ordinary E £1 10 10
10 Ordinary F £1 10 10
10 Ordinary G £1 10 10
10 Ordinary H £1 10 10
4 Ordinary I £1 4 4
8 Ordinary J £1 8 8
68 68