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REGISTERED NUMBER: 02786253 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Anchor Industrial Plastics Limited

Anchor Industrial Plastics Limited (Registered number: 02786253)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Anchor Industrial Plastics Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs D Kearley
J Kearley





SECRETARY: Mrs D Kearley





REGISTERED OFFICE: Unit 3, Benjamin Outram Bus. Centre
Whiteley Road
Peasehill Ind. Estate
Ripley
Derbyshire
DE5 3QL





REGISTERED NUMBER: 02786253 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Anchor Industrial Plastics Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anchor Industrial Plastics Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Anchor Industrial Plastics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anchor Industrial Plastics Limited and state those matters that we have agreed to state to the Board of Directors of Anchor Industrial Plastics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anchor Industrial Plastics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Anchor Industrial Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anchor Industrial Plastics Limited. You consider that Anchor Industrial Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anchor Industrial Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


29 January 2025

Anchor Industrial Plastics Limited (Registered number: 02786253)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,615 39,445

CURRENT ASSETS
Stocks 106,000 121,738
Debtors 5 39,579 38,325
Prepayments and accrued income 1,227 1,365
Cash at bank and in hand 62,820 87,978
209,626 249,406
CREDITORS
Amounts falling due within one year 6 59,542 72,778
NET CURRENT ASSETS 150,084 176,628
TOTAL ASSETS LESS CURRENT LIABILITIES 179,699 216,073

CREDITORS
Amounts falling due after more than one year 7 (9,268 ) (11,920 )

PROVISIONS FOR LIABILITIES (5,627 ) (8,815 )

ACCRUALS AND DEFERRED INCOME (1,595 ) (1,560 )
NET ASSETS 163,209 193,778

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 163,207 193,776
163,209 193,778

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mrs D Kearley - Director


Anchor Industrial Plastics Limited (Registered number: 02786253)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Anchor Industrial 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of goods, excluding 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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 5 (2023 - 5 ) .

Anchor Industrial Plastics Limited (Registered number: 02786253)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 5,571 63,567 3,432 72,570
Disposals - (14,485 ) - (14,485 )
At 30 September 2024 5,571 49,082 3,432 58,085
DEPRECIATION
At 1 October 2023 5,140 24,553 3,432 33,125
Charge for year 65 9,750 - 9,815
Eliminated on disposal - (14,470 ) - (14,470 )
At 30 September 2024 5,205 19,833 3,432 28,470
NET BOOK VALUE
At 30 September 2024 366 29,249 - 29,615
At 30 September 2023 431 39,014 - 39,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,579 38,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,254 6,274
Trade creditors 39,726 46,855
Taxation and social security 16,307 17,201
Other creditors 255 2,448
59,542 72,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,268 11,920