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Reports Dated : 08/04/2025 Registered Number: 11419119
England and Wales

 

 

 

DENNY PLASTICS (2018) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Directors Steven Kettle
Matthew Nowak
Registered Number 11419119
Registered Office Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
Kent
TN4 9PA
Trading Address Unit 16 Mitre Bridge Estate
Mitre Way
London
W10 6AU
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2025.
Principal activities
The Company's principal activity during the year was the manufacture of plastic products. 
Directors
The directors who served throughout the year were as follows:
Steven Kettle
Matthew Nowak
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.  Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102).  Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that year.  In preparing these financial statements, the directors are required to:

- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume continuation.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006.  They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.  The directors are also responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.  Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Steven Kettle
Director

Date approved: 08 April 2025
2
You consider that the Company is exempt from an audit for the year ended 31 March 2025.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for that financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of the information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.



OMB Tax Limited

Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
08 April 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Intangible fixed assets 3 720,800    772,300 
Tangible fixed assets 4 165,176    183,145 
885,976    955,445 
Current assets      
Stocks 5 28,800    24,100 
Debtors 6 182,593    110,569 
Cash at bank and in hand 456,051    422,875 
667,444    557,544 
Creditors: amount falling due within one year 7 (308,123)   (312,022)
Net current assets 359,321    245,522 
 
Total assets less current liabilities 1,245,297    1,200,967 
Creditors: amount falling due after more than one year 8 (465,545)   (555,545)
Net assets 779,752    645,422 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 779,652    645,322 
Shareholders' funds 779,752    645,422 
 


For the year ended 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 April 2025 and were signed on its behalf by:


-------------------------------
Steven Kettle
Director
4
General Information
Denny Plastics (2018) Limited is a private company, limited by shares, registered in England and Wales under 11419119, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA.  
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Basis of preparation
These financial statements are prepared under the historical cost convention, in sterling which is the functional currency of the Company, and in accordance with the accounting policies.
Going concern basis
The directors believe the Company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully.  Accordingly, they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.  Consequently, they continue to adopt the going concern basis of accounting in preparing these financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable, recognised in the Profit and Loss Account.  No provision is made for deferred tax.  The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Tax assets and liabilities are not discounted.
Intangible assets
Purchased goodwill is amortised at rates calculated to write off the asset on a straight-line basis over its estimated useful economic life.  Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Purchased goodwill is stated at cost less amortisation, calculated on a straight-line basis over its estimated expected useful economic life of 20 years.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery 10% Reducing Balance
Computer equipment 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the Company, are included in the appropriate category of tangible fixed assets and depreciated in accordance with the Company's accounting policy adopted for depreciating tangible fixed assets.  Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2024 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2024 1,087,000    1,087,000 
Additions  
Disposals  
At 31 March 2025 1,087,000    1,087,000 
Amortisation
At 01 April 2024 314,700    314,700 
Charge for year 51,500    51,500 
On disposals  
At 31 March 2025 366,200    366,200 
Net book values
At 31 March 2025 720,800    720,800 
At 31 March 2024 772,300    772,300 


4.

Tangible fixed assets

Cost or valuation Plant and machinery   Computer equipment   Total
  £   £   £
At 01 April 2024 237,614    937    238,551 
Additions   383    383 
Disposals    
At 31 March 2025 237,614    1,320    238,934 
Depreciation
At 01 April 2024 55,229    177    55,406 
Charge for year 18,238    114    18,352 
On disposals    
At 31 March 2025 73,467    291    73,758 
Net book values
Closing balance as at 31 March 2025 164,147    1,029    165,176 
Opening balance as at 01 April 2024 182,385    760    183,145 

The net book value of Plant and machinery includes £ 133,894 (2024 £148,771) in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2025
£
  2024
£
Stocks 28,800    24,100 
28,800    24,100 

6.

Debtors: amounts falling due within one year

2025
£
  2024
£
Other Debtors 182,593    110,569 
182,593    110,569 

7.

Creditors: amount falling due within one year

2025
£
  2024
£
Bank Loans & Overdrafts 168    32,949 
Taxation and Social Security 128,964    90,985 
Other Creditors 178,991    188,088 
308,123    312,022 

8.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Other Creditors 465,545    555,545 
465,545    555,545 

9.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5