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REGISTERED NUMBER: 10048299 (England and Wales)















PLASTERPRO LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PLASTERPRO LTD (REGISTERED NUMBER: 10048299)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASTERPRO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Joynes





REGISTERED OFFICE: 15 Jessop Way
Newark
Nottinghamshire
NG24 2ER





REGISTERED NUMBER: 10048299 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

PLASTERPRO LTD (REGISTERED NUMBER: 10048299)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,000 304,900

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 973,872 607,299
Cash at bank and in hand 24,862 31,598
1,000,734 640,897
CREDITORS
Amounts falling due within one year 6 535,622 678,089
NET CURRENT ASSETS/(LIABILITIES) 465,112 (37,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,112

267,708

CREDITORS
Amounts falling due after more than one
year

7

(611,641

)

(115,278

)

PROVISIONS FOR LIABILITIES (3,819 ) (25,916 )
NET ASSETS 174,652 126,514

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 174,651 126,513
SHAREHOLDERS' FUNDS 174,652 126,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PLASTERPRO LTD (REGISTERED NUMBER: 10048299)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





D Joynes - Director


PLASTERPRO LTD (REGISTERED NUMBER: 10048299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Plasterpro Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

PLASTERPRO LTD (REGISTERED NUMBER: 10048299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 437,615
Additions 89,108
At 31 March 2024 526,723
DEPRECIATION
At 1 April 2023 132,715
Charge for year 69,008
At 31 March 2024 201,723
NET BOOK VALUE
At 31 March 2024 325,000
At 31 March 2023 304,900

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 298,697
Additions 70,508
At 31 March 2024 369,205
DEPRECIATION
At 1 April 2023 54,697
Charge for year 54,508
At 31 March 2024 109,205
NET BOOK VALUE
At 31 March 2024 260,000
At 31 March 2023 244,000

PLASTERPRO LTD (REGISTERED NUMBER: 10048299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 277,098 186,532
Amounts recoverable on contract 136,345 58,525
Other debtors 47,446 156,040
460,889 401,097

Amounts falling due after more than one year:
Other debtors 512,983 206,202

Aggregate amounts 973,872 607,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 39,250 60,429
Trade creditors 332,278 219,384
Taxation and social security 11,941 -
Other creditors 152,153 398,276
535,622 678,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 511,117 21,651
Hire purchase contracts 100,524 93,627
611,641 115,278

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 100,524 93,627

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Joynes.

The ultimate controlling party is D Joynes.