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REGISTERED NUMBER: 03681868 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30 June 2024

for

Design 4 Plastics Limited

Design 4 Plastics Limited (Registered number: 03681868)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Design 4 Plastics Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: K A Bell
P Viner
S Ellis





SECRETARY: K A Bell





REGISTERED OFFICE: Unit 402 Birch Park
Street 7
Thorp Arch Estate
Wetherby
West Yorkshire
LS23 7FG





REGISTERED NUMBER: 03681868 (England and Wales)





ACCOUNTANTS: Xeinadin
6 Victoria Avenue
Harrogate
HG1 1ED

Design 4 Plastics Limited (Registered number: 03681868)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,536 21,907
Tangible assets 5 9,974 11,858
32,510 33,765

CURRENT ASSETS
Stocks 24,211 33,216
Debtors 3,919 41,649
Cash at bank and in hand 3,748 3,271
31,878 78,136
CREDITORS
Amounts falling due within one year 224,945 251,700
NET CURRENT LIABILITIES (193,067 ) (173,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(160,557

)

(139,799

)

CREDITORS
Amounts falling due after more than one
year

63,000

63,000
NET LIABILITIES (223,557 ) (202,799 )

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (253,557 ) (232,799 )
SHAREHOLDERS' FUNDS (223,557 ) (202,799 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Design 4 Plastics Limited (Registered number: 03681868)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2025 and were signed on its behalf by:





K A Bell - Director


Design 4 Plastics Limited (Registered number: 03681868)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Design 4 Plastics 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.

The accounts have been prepared on the going concern basis of accounting. The company is considered to be a going concern with the continued support of the directors.

Turnover
Turnover represents amounts receivable for sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Patent costs
Patent and trade mark costs are being amortised evenly over their estimated useful life of between ten and twenty years.

Development costs
Development costs comprise new product development and design costs. These costs have been amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and equipment - 33% on cost and 25% on reducing balance
Plant and machinery - 25% on reducing balance

Stocks
Stock is 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.

Design 4 Plastics Limited (Registered number: 03681868)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 165,124
Additions 2,309
At 30 June 2024 167,433
AMORTISATION
At 1 July 2023 143,217
Amortisation for year 1,680
At 30 June 2024 144,897
NET BOOK VALUE

At 30 June 2024 22,536
At 30 June 2023 21,907

Design 4 Plastics Limited (Registered number: 03681868)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 257,316
Additions 1,539
Disposals (2,091 )
At 30 June 2024 256,764
DEPRECIATION
At 1 July 2023 245,458
Charge for year 3,325
Eliminated on disposal (1,993 )
At 30 June 2024 246,790
NET BOOK VALUE
At 30 June 2024 9,974
At 30 June 2023 11,858

6. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 30 June 2024 of £71,067 - (2023 - £6,600).