REGISTERED NUMBER: 03400484 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Liverpool Plastic Bonding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Woosey

Mrs R L Woosey

SECRETARY:

Mrs R L Woosey

REGISTERED OFFICE:

63/65 Gascoyne Street

Liverpool

Merseyside

L3 6BS

REGISTERED NUMBER:

03400484 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

13a Duke Street

Southport

Merseyside

PR8 1LS

FIXED ASSETS

Tangible assets

4

97,457

111,206

CURRENT ASSETS

Stocks

2,700

2,500

Debtors

5

50,788

159,594

Cash at bank

343,808

146,985

397,296

309,079

CREDITORS

Amounts falling due within one year

6

(210,243

)

(228,776

)

NET CURRENT ASSETS

187,053

80,303

TOTAL ASSETS LESS CURRENT LIABILITIES

284,510

191,509

CREDITORS

Amounts falling due after more than one year

7

(22,146

)

(45,625

)

PROVISIONS FOR LIABILITIES

9

(15,409

)

(17,813

)

NET ASSETS

246,955

128,071

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

1,198

1,198

Retained earnings

245,657

126,773

SHAREHOLDERS' FUNDS

246,955

128,071

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2025 and were signed on its behalf by:

M W Woosey - Director

Mrs R L Woosey - Director

1.	STATUTORY INFORMATION

Liverpool Plastic Bonding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2023

159,057

93,474

7,812

260,343

Additions

8,500

-

975

9,475

At 31 July 2024

167,557

93,474

8,787

269,818

DEPRECIATION

At 1 August 2023

121,909

21,525

5,703

149,137

Charge for year

3,715

17,987

1,522

23,224

At 31 July 2024

125,624

39,512

7,225

172,361

NET BOOK VALUE

At 31 July 2024

41,933

53,962

1,562

97,457

At 31 July 2023

37,148

71,949

2,109

111,206

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2023

and 31 July 2024

73,209

DEPRECIATION

At 1 August 2023

1,525

Charge for year

17,921

At 31 July 2024

19,446

NET BOOK VALUE

At 31 July 2024

53,763

At 31 July 2023

71,684

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

47,153

156,659

Other debtors

3,635

2,935

50,788

159,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

13,333

13,333

Trade creditors

95,205

153,137

Taxation and social security

74,179

42,153

Other creditors

27,526

20,153

210,243

228,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

12,222

25,556

Other creditors

9,924

20,069

22,146

45,625

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

25,555

38,889

Hire purchase contracts are secured against the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

15,409

17,813

Deferred tax

£

Balance at 1 August 2023

17,813

Provided during year

(2,404

)

Balance at 31 July 2024

15,409

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100