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SLATERS' (PLASTIKARD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLATERS' (PLASTIKARD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D J White
Mrs S J White
Mrs L J Lomas





REGISTERED OFFICE: Old Road
Darley Dale
Matlock
Derbyshire
DE4 2ER





REGISTERED NUMBER: 01044075 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,645 166,995

CURRENT ASSETS
Stocks 109,277 107,521
Debtors 5 37,166 25,206
Investments 6 100 100
Cash at bank 1,203 405
147,746 133,232
CREDITORS
Amounts falling due within one year 7 136,654 201,605
NET CURRENT ASSETS/(LIABILITIES) 11,092 (68,373 )
TOTAL ASSETS LESS CURRENT LIABILITIES 155,737 98,622

CREDITORS
Amounts falling due after more than one year 8 (8,773 ) (19,062 )

PROVISIONS FOR LIABILITIES 10 (27,200 ) (2,000 )
NET ASSETS 119,764 77,560

CAPITAL AND RESERVES
Called up share capital 11 3,320 3,320
Capital redemption reserve 2,180 2,180
Retained earnings 114,264 72,060
SHAREHOLDERS' FUNDS 119,764 77,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

BALANCE SHEET - continued
31 AUGUST 2024


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 3 April 2025 and were signed on its behalf by:





D J White - Director


SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Slaters' (Plastikard) 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.

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


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 1,600 599,344 101,504
Additions - - 295
Disposals - (16,068 ) (29,698 )
At 31 August 2024 1,600 583,276 72,101
DEPRECIATION
At 1 September 2023 1,600 487,290 64,082
Charge for year - 5,349 5,645
Eliminated on disposal - (12,405 ) (26,469 )
At 31 August 2024 1,600 480,234 43,258
NET BOOK VALUE
At 31 August 2024 - 103,042 28,843
At 31 August 2023 - 112,054 37,422

SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 4,000 35,984 742,432
Additions - - 295
Disposals (4,000 ) (12,049 ) (61,815 )
At 31 August 2024 - 23,935 680,912
DEPRECIATION
At 1 September 2023 3,947 18,518 575,437
Charge for year 13 4,367 15,374
Eliminated on disposal (3,960 ) (11,710 ) (54,544 )
At 31 August 2024 - 11,175 536,267
NET BOOK VALUE
At 31 August 2024 - 12,760 144,645
At 31 August 2023 53 17,466 166,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,222 16,155
Other debtors 8,944 9,051
37,166 25,206

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Ordinary shares- Peak Rail plc 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,278 59,756
Trade creditors 24,488 39,716
Taxation and social security 17,566 65,466
Other creditors 39,322 36,667
136,654 201,605

SLATERS' (PLASTIKARD) LIMITED (REGISTERED NUMBER: 01044075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,773 19,062

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 44,989 49,721

The bank overdraft is secured by way of a fixed and floating charge over the assets of the company and personal guarantees made by the directors.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,200 2,000

Deferred
tax
£   
Balance at 1 September 2023 2,000
Provided during year 25,200
Balance at 31 August 2024 27,200

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,320 Ordinary £1.00 3,320 3,320