Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity119falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06916052 2023-06-01 2024-05-31 06916052 2022-06-01 2023-05-31 06916052 2024-05-31 06916052 2023-05-31 06916052 c:Director2 2023-06-01 2024-05-31 06916052 c:Director3 2023-06-01 2024-05-31 06916052 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 06916052 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 06916052 d:PlantMachinery 2023-06-01 2024-05-31 06916052 d:MotorVehicles 2023-06-01 2024-05-31 06916052 d:FurnitureFittings 2023-06-01 2024-05-31 06916052 d:OfficeEquipment 2023-06-01 2024-05-31 06916052 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 06916052 d:OtherPropertyPlantEquipment 2024-05-31 06916052 d:OtherPropertyPlantEquipment 2023-05-31 06916052 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06916052 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06916052 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06916052 d:ShareCapital 2024-05-31 06916052 d:ShareCapital 2023-05-31 06916052 d:RetainedEarningsAccumulatedLosses 2024-05-31 06916052 d:RetainedEarningsAccumulatedLosses 2023-05-31 06916052 c:OrdinaryShareClass1 2023-06-01 2024-05-31 06916052 c:OrdinaryShareClass1 2024-05-31 06916052 c:OrdinaryShareClass1 2023-05-31 06916052 c:FRS102 2023-06-01 2024-05-31 06916052 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06916052 c:AbridgedAccounts 2023-06-01 2024-05-31 06916052 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06916052 2 2023-06-01 2024-05-31 06916052 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06916052









KADEN PLASTICS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
KADEN PLASTICS LTD
REGISTERED NUMBER: 06916052

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
180,062
210,721

  
180,062
210,721

Current assets
  

Stocks
  
15,389
16,174

Debtors
  
174,057
158,106

Cash at bank and in hand
  
272,439
280,441

  
461,885
454,721

Creditors: amounts falling due within one year
  
(108,865)
(92,715)

Net current assets
  
 
 
353,020
 
 
362,006

Total assets less current liabilities
  
533,082
572,727

Provisions for liabilities
  
(38,129)
(35,137)

Net assets
  
494,953
537,590

Page 1

 
KADEN PLASTICS LTD
REGISTERED NUMBER: 06916052
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 5 
1,000
1,000

Profit and loss account
  
493,953
536,590

  
494,953
537,590


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.







Mr P R Talbott
Mrs T M Talbott
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KADEN PLASTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Kaden Plastics Limited is a private company, limited by shares, registered in England and Wales, registration number 06916052. The registered office and principal place of business is 214 Bellingdon Road, Chesham, Bucks, HP5 2NN.

The company’s principal activity during the year continues to be that of the manufacture of plastic products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
KADEN PLASTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
KADEN PLASTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Evenly over the period of the lease
Short-term leasehold property
-
Evenly over the period of the lease
Plant and machinery
-
15% Reducing Balance
Motor vehicles
-
25% Reducing Balance
Fixtures and fittings
-
15% Reducing Balance
Office equipment
-
15% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of
Page 5

 
KADEN PLASTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.

Basic financial assets and liabilities
Basic financial assets, which include trade and other receivables, cash and bank balances, and financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price including transaction costs or less transaction costs for liabilities and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, whereby the transaction is measured at the present value of the future receipts or payments discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).

Page 6

 
KADEN PLASTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets






£



Cost or valuation


At 1 June 2023
791,598


Additions
8,440



At 31 May 2024

800,038



Depreciation


At 1 June 2023
580,877


Charge for the year on owned assets
39,099



At 31 May 2024

619,976



Net book value



At 31 May 2024
180,062



At 31 May 2023
210,721


5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


Page 7