REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2024 |
for |
Plastic Moulding Supplies Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue |
Turnover represents net invoices sale of goods and services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 38,315 | 35,400 |
Other creditors |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
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: | £ | £ |
A Ordinary | .10 | 960 | 960 |
B Ordinary | .10 | 40 | 40 |
Preference Shares | 1.00 | 1,000 | 1,000 |
2,000 | 2,000 |
9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 January 2024 | 702,133 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 December 2024 | 720,033 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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 |