Company registration number: 11791944
Unaudited financial statements
for the period ended 31 July 2024
for
Plastic Network Limited
Pages for filing with the Registrar
Company registration number: 11791944
Plastic Network Limited
Balance sheet
as at 31 July 2024
31 Jul 24 31 Jan 23
£ £ £ £
Current assets
Debtors 310 1,072,124
Cash at bank and in hand 71,743 1,664,471
72,053 2,736,595
Creditors: amounts falling due within one
year
(14,551) (2,727,966)
Net current assets 57,502 8,629
NET ASSETS 57,502 8,629
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,402 8,529
TOTAL EQUITY 57,502 8,629
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 July 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms Y Zhang, Director
25 April 2025
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Plastic Network Limited
Notes to the financial statements
for the period ended 31 July 2024
1 Company information
Plastic Network Limited is a private company registered in England and Wales. Its registered number is 11791944. The company is limited by shares. Its registered office is 27 Old Gloucester Street, London, WC1N 3AX.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 2 (2023 - 1).
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Plastic Network Limited
Notes to the financial statements - continued
for the period ended 31 July 2024
4 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 July 2024 and 31 January 2023.
31 Jul 24 31 Jan 23
£ £
Balance outstanding at start of period (672) (800)
Amounts advanced - 628
Amounts repaid - (500)
Balance outstanding at end of period (672) (672)
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