IRIS Accounts Production v24.3.2.46 10888041 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108880412023-12-31108880412024-12-31108880412024-01-012024-12-31108880412022-12-31108880412023-01-012023-12-31108880412023-12-3110888041ns15:EnglandWales2024-01-012024-12-3110888041ns14:PoundSterling2024-01-012024-12-3110888041ns10:Director12024-01-012024-12-3110888041ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110888041ns10:SmallEntities2024-01-012024-12-3110888041ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3110888041ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110888041ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110888041ns10:FullAccounts2024-01-012024-12-3110888041ns10:OrdinaryShareClass12024-01-012024-12-3110888041ns5:CurrentFinancialInstruments2024-12-3110888041ns5:CurrentFinancialInstruments2023-12-3110888041ns5:ShareCapital2024-12-3110888041ns5:ShareCapital2023-12-3110888041ns5:RetainedEarningsAccumulatedLosses2024-12-3110888041ns5:RetainedEarningsAccumulatedLosses2023-12-3110888041ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110888041ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110888041ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 10888041 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Plasticsheetsshop Ltd

Plasticsheetsshop Ltd (Registered number: 10888041)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Plasticsheetsshop Ltd (Registered number: 10888041)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,243 12,776
Cash at bank 62,179 21,137
63,422 33,913
CREDITORS
Amounts falling due within one year 5 48,192 25,896
NET CURRENT ASSETS 15,230 8,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,230

8,017

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 15,130 7,917
SHAREHOLDERS' FUNDS 15,230 8,017

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





G Van Groningen - Director


Plasticsheetsshop Ltd (Registered number: 10888041)

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

1. STATUTORY INFORMATION

Plasticsheetsshop Ltd is a private limited company, limited by shares, registered in England and Wales. The company's registered number, registered office address and place of business address are as below:

Registered number 10888041

Registered office 4315 Park Approach
Thorpe Park
Leeds
LS15 8GB

Place of business 33 De Amer
8253 RC Dronten
Netherlands


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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the company is considered to be pounds sterling.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

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 recognised in the profit and loss account.

Plasticsheetsshop Ltd (Registered number: 10888041)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - cash and bank balances, trade debtors, trade creditors, other creditors and inter-company balances.

Cash and bank balances, trade debtors, trade creditors, other creditors and inter-company balances, (being repayable on demand), are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 450 320
Amounts owed by group undertakings - 11,717
Other debtors 793 739
1,243 12,776

Plasticsheetsshop Ltd (Registered number: 10888041)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,761 4,761
Amounts owed to group undertakings 13,779 -
Taxation and social security 23,267 16,701
Other creditors 4,385 4,434
48,192 25,896

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE PARENT COMPANY

The ultimate parent company is Dolor Group B.V, a company registered in the Netherlands. The smallest company preparing group financial statement in which the company's results are consolidated is Online Plastics Group B.V. Copies of the group financial statements are available from the group's registered office 33 De Amer, 8253 RC Dronten, Netherlands.