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REGISTERED NUMBER: 05984247 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

Plastic Moulding Supplies Limited

Plastic Moulding Supplies Limited (Registered number: 05984247)






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


Plastic Moulding Supplies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P P P Foltzer
Mr S Lauwers
Mr M W Guyett



REGISTERED OFFICE: 24 Brunel Road
Earlstrees Industrial Estate
Corby
Northamptonshire
NN17 4JW



REGISTERED NUMBER: 05984247 (England and Wales)



SENIOR STATUTORY AUDITOR: Julian Payne BA FCA



AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Plastic Moulding Supplies Limited (Registered number: 05984247)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 20,125 12,764

CURRENT ASSETS
Stocks 635,852 665,754
Debtors 5 352,270 291,831
Cash at bank and in hand 192,708 132,456
1,180,830 1,090,041
CREDITORS
Amounts falling due within one year 6 478,922 398,672
NET CURRENT ASSETS 701,908 691,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

722,033

704,133

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Share premium 9 687,288 687,288
Retained earnings 9 32,745 14,845
SHAREHOLDERS' FUNDS 722,033 704,133

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mr M W Guyett - Director


Plastic Moulding Supplies Limited (Registered number: 05984247)

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

1. STATUTORY INFORMATION

Plastic Moulding Supplies 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.

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.

Revenue
Turnover represents net invoices sale of goods and services, 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
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 Statement of Income and Retained Earnings, 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.

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 14 (2023 - 14 ) .

Plastic Moulding Supplies Limited (Registered number: 05984247)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 1,773 71,477 52,412 5,290 130,952
Additions - 13,703 - 2,509 16,212
At 31 December 2024 1,773 85,180 52,412 7,799 147,164
DEPRECIATION
At 1 January 2024 1,176 62,744 52,412 1,856 118,188
Charge for year 597 5,824 - 2,430 8,851
At 31 December 2024 1,773 68,568 52,412 4,286 127,039
NET BOOK VALUE
At 31 December 2024 - 16,612 - 3,513 20,125
At 31 December 2023 597 8,733 - 3,434 12,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 299,096 251,749
Amounts owed by group undertakings 9,578 16,832
Other debtors 6,013 5,400
Prepayments 37,583 17,850
352,270 291,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 84,348 139,614
Amounts owed to group undertakings 237,872 116,502
Tax 77,668 65,855
Social security and other taxes 6,710 10,885
VAT 38,315 35,400
Other creditors 7,349 9,878
Accrued expenses 26,660 20,538
478,922 398,672

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 79,948 87,409
Between one and five years 89,896 169,844
169,844 257,253

Plastic Moulding Supplies Limited (Registered number: 05984247)

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

7. LEASING AGREEMENTS - continued

In August 2021, the company entered into an operating lease to rent 24 Brunel Road, Corby for an annual rent of £70,000 for 15 years

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
9,600 A Ordinary .10 960 960
400 B Ordinary .10 40 40
1,000 Preference Shares 1.00 1,000 1,000
2,000 2,000

9. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 January 2024 14,845 687,288 702,133
Profit for the year 238,342 238,342
Dividends (220,442 ) (220,442 )
At 31 December 2024 32,745 687,288 720,033

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Payne BA FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

11. RELATED PARTY DISCLOSURES

Related Party transaction include transactions with associated companies. Balance outstanding from BMS France is £9,578 (2023: £16,832). Balance owed to DB Next is £235,694 (2023: £116,502). Balance owed to Mouldshop is £2,178 (2023: £Nil).

Transactions in the year with BMS France are:
Sales - £84,904 (2023: £89,262)
Purchases - £Nil (2023: £1,535)

Transactions in the year with DB Next are:
Purchases - £68,116 (2023: £25,000)

Transactions in the year with Mouldshop Limited are:
Sales - £5,347 (2023: £Nil)
Purchases - £14,108 (2023: £Nil)

Transactions in the year with Berflex are:
Purchases - £Nil (£4,485)

Plastic Moulding Supplies Limited (Registered number: 05984247)

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

12. ULTIMATE CONTROLLING PARTY

The controlling party is PMS Next.

The ultimate controlling party is SAS Demetra.