IRIS Accounts Production v24.3.2.46 02878509 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028785092023-12-31028785092024-12-31028785092024-01-012024-12-31028785092022-12-31028785092023-01-012023-12-31028785092023-12-3102878509ns15:EnglandWales2024-01-012024-12-3102878509ns14:PoundSterling2024-01-012024-12-3102878509ns10:Director12024-01-012024-12-3102878509ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102878509ns10:SmallEntities2024-01-012024-12-3102878509ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102878509ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102878509ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102878509ns10:FullAccounts2024-01-012024-12-3102878509ns10:Director22024-01-012024-12-3102878509ns10:RegisteredOffice2024-01-012024-12-3102878509ns5:CurrentFinancialInstruments2024-12-3102878509ns5:CurrentFinancialInstruments2023-12-3102878509ns5:Non-currentFinancialInstruments2024-12-3102878509ns5:Non-currentFinancialInstruments2023-12-3102878509ns5:ShareCapital2024-12-3102878509ns5:ShareCapital2023-12-3102878509ns5:SharePremium2024-12-3102878509ns5:SharePremium2023-12-3102878509ns5:RetainedEarningsAccumulatedLosses2024-12-3102878509ns5:RetainedEarningsAccumulatedLosses2023-12-3102878509ns5:PlantMachinery2024-01-012024-12-3102878509ns5:MotorVehicles2024-01-012024-12-3102878509ns5:ComputerEquipment2024-01-012024-12-3102878509ns5:PlantMachinery2023-12-3102878509ns5:MotorVehicles2023-12-3102878509ns5:ComputerEquipment2023-12-3102878509ns5:PlantMachinery2024-12-3102878509ns5:MotorVehicles2024-12-3102878509ns5:ComputerEquipment2024-12-3102878509ns5:PlantMachinery2023-12-3102878509ns5:MotorVehicles2023-12-3102878509ns5:ComputerEquipment2023-12-3102878509ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102878509ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 02878509 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Vaplas Limited

Vaplas Limited (Registered number: 02878509)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vaplas Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Howell





REGISTERED OFFICE: Unit 6
Tuscany Court
Express Way
Normanton
West Yorkshire
WF6 2AE





REGISTERED NUMBER: 02878509 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Vaplas Limited (Registered number: 02878509)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 678,932 760,300

CURRENT ASSETS
Stocks 31,410 46,735
Debtors 5 431,193 437,103
Cash at bank 225,052 21,338
687,655 505,176
CREDITORS
Amounts falling due within one year 6 483,782 513,738
NET CURRENT ASSETS/(LIABILITIES) 203,873 (8,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,805

751,738

CREDITORS
Amounts falling due after more than one year 7 (229,519 ) (195,943 )

PROVISIONS FOR LIABILITIES (169,733 ) (190,075 )
NET ASSETS 483,553 365,720

CAPITAL AND RESERVES
Called up share capital 11,252 11,252
Share premium 3,750 3,750
Retained earnings 468,551 350,718
483,553 365,720

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 director acknowledges his 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 director and authorised for issue on 11 March 2025 and were signed by:





J Howell - Director


Vaplas Limited (Registered number: 02878509)

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

1. STATUTORY INFORMATION

Vaplas 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.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

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 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.

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 19 (2023 - 18 ) .

Vaplas Limited (Registered number: 02878509)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,512,701 47,864 32,129 1,592,694
Additions 80,635 53,229 - 133,864
Disposals - (30,936 ) (30,390 ) (61,326 )
At 31 December 2024 1,593,336 70,157 1,739 1,665,232
DEPRECIATION
At 1 January 2024 766,290 34,179 31,925 832,394
Charge for year 196,682 14,068 51 210,801
Eliminated on disposal - (26,506 ) (30,389 ) (56,895 )
At 31 December 2024 962,972 21,741 1,587 986,300
NET BOOK VALUE
At 31 December 2024 630,364 48,416 152 678,932
At 31 December 2023 746,411 13,685 204 760,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 378,873 397,179
Amounts owed by participating interests 32,589 21,618
Other debtors 19,731 18,306
431,193 437,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,648
Hire purchase contracts 172,764 129,632
Trade creditors 121,303 320,526
Taxation and social security 174,005 47,340
Other creditors 5,710 5,592
483,782 513,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,000 13,346
Hire purchase contracts 224,519 182,597
229,519 195,943

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 397,283 -

Hire purchase contracts are secured against the assets to which they relate.