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Registration number: 02459865

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Renderplas Limited

 

Renderplas Limited

Contents

Company Information

1

Accountant's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Renderplas Limited

Company Information

Director

D Leedham-Green

Company secretary

D Leedham-Green

Registered office

Number 2
70-72 High Street
Bewdley
Worcestershire
DY12 2DJ

Accountant

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

 

Chartered Certified Accountant's Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Renderplas Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Renderplas Limited for the year ended 30 June 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Renderplas Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Renderplas Limited and state those matters that I have agreed to state to the Board of Directors of Renderplas Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Renderplas Limited and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Renderplas Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Renderplas Limited. You consider that Renderplas Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Renderplas Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

25 March 2025

 

Renderplas Limited

(Registration number: 02459865)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

178,567

185,309

Other financial assets

5

69,047

70,935

 

247,614

256,244

Current assets

 

Stocks

6

445,176

412,564

Debtors

7

468,602

500,827

Cash at bank and in hand

 

346,397

303,066

 

1,260,175

1,216,457

Creditors: Amounts falling due within one year

8

(292,632)

(329,536)

Net current assets

 

967,543

886,921

Total assets less current liabilities

 

1,215,157

1,143,165

Provisions for liabilities

(5,113)

(6,627)

Net assets

 

1,210,044

1,136,538

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,209,944

1,136,438

Shareholders' funds

 

1,210,044

1,136,538

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Renderplas Limited

(Registration number: 02459865)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2025
 

.........................................
D Leedham-Green
Company secretary and director

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Number 2
70-72 High Street
Bewdley
Worcestershire
DY12 2DJ

These financial statements were authorised for issue by the director on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current or deferred taxation assets and liabilities are not discounted.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class

Depreciation method and rate

Long leasehold property

not provided

Tooling & equipment

20% on cost

Office & other equipment

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction cost.

Interest expense is recognised on the basis of the amount charged on the borrowing in the period and
is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date whist also taking into account intended payment terms.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

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

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

155,000

444,217

599,217

Additions

-

7,074

7,074

At 30 June 2024

155,000

451,291

606,291

Depreciation

At 1 July 2023

-

413,908

413,908

Charge for the year

-

13,816

13,816

At 30 June 2024

-

427,724

427,724

Carrying amount

At 30 June 2024

155,000

23,567

178,567

At 30 June 2023

155,000

30,309

185,309

Included within the net book value of land and buildings above is £155,000 (2023 - £155,000) in respect of long leasehold land and buildings.
 

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

70,935

70,935

Fair value adjustments

(1,940)

(1,940)

Additions

18,000

18,000

Disposals

(17,948)

(17,948)

At 30 June 2024

69,047

69,047

Carrying amount

At 30 June 2024

69,047

69,047

At 30 June 2023

70,935

70,935

6

Stocks

2024
£

2023
£

Stock of goods for resale

445,176

412,564

7

Debtors

Current

2024
£

2023
£

Trade debtors

455,013

487,605

Prepayments

13,589

13,222

 

468,602

500,827

 

Renderplas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

205,966

217,701

Taxation and social security

61,978

84,380

Accruals and deferred income

23,732

14,624

Other creditors

956

12,831

292,632

329,536