Company Registration No. 11166004 (England and Wales)
Redgrave Plastics Midlands Limited
Unaudited accounts
for the year ended 31 March 2024
Redgrave Plastics Midlands Limited
Unaudited accounts
Contents
Redgrave Plastics Midlands Limited
Company Information
for the year ended 31 March 2024
Director
David Ronald Bloxham
Company Number
11166004 (England and Wales)
Registered Office
Unit 6
Birchills Industrial Estate
Green Lane
Walsall
West Midlands
WS2 8LF
England
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Redgrave Plastics Midlands Limited
Statement of financial position
as at 31 March 2024
Tangible assets
17,020
10,683
Inventories
150,000
127,754
Cash at bank and in hand
9,151
3,005
Creditors: amounts falling due within one year
(525,459)
(427,334)
Net current liabilities
(97,088)
(61,599)
Total assets less current liabilities
(80,068)
(50,916)
Creditors: amounts falling due after more than one year
(34,323)
(38,376)
Net liabilities
(114,391)
(89,292)
Called up share capital
100
100
Profit and loss account
(114,491)
(89,392)
Shareholders' funds
(114,391)
(89,292)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 March 2025 and were signed on its behalf by
David Ronald Bloxham
Director
Company Registration No. 11166004
Redgrave Plastics Midlands Limited
Notes to the Accounts
for the year ended 31 March 2024
Redgrave Plastics Midlands Limited is a private company, limited by shares, registered in England and Wales, registration number 11166004. The registered office is Unit 6, Birchills Industrial Estate, Green Lane, Walsall, West Midlands, WS2 8LF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Redgrave Plastics Midlands Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
15,360
3,750
19,110
Additions
373
15,000
15,373
Disposals
-
(3,750)
(3,750)
At 31 March 2024
15,733
15,000
30,733
At 1 April 2023
7,490
937
8,427
Charge for the year
2,473
3,750
6,223
Surplus on revaluation
-
(937)
(937)
At 31 March 2024
9,963
3,750
13,713
At 31 March 2024
5,770
11,250
17,020
At 31 March 2023
7,870
2,813
10,683
Amounts falling due within one year
Trade debtors
137,278
176,848
Accrued income and prepayments
3,476
58,028
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
452,827
350,266
Taxes and social security
13,029
7,480
Loans from directors
-
60,946
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Redgrave Plastics Midlands Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).