Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31No description of principal activitytruefalsetrue2023-09-011614The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01064533 2023-09-01 2024-08-31 01064533 2022-09-01 2023-08-31 01064533 2024-08-31 01064533 2023-08-31 01064533 c:Director1 2023-09-01 2024-08-31 01064533 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 01064533 d:Buildings d:LongLeaseholdAssets 2024-08-31 01064533 d:Buildings d:LongLeaseholdAssets 2023-08-31 01064533 d:LandBuildings 2024-08-31 01064533 d:LandBuildings 2023-08-31 01064533 d:PlantMachinery 2023-09-01 2024-08-31 01064533 d:PlantMachinery 2024-08-31 01064533 d:PlantMachinery 2023-08-31 01064533 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:MotorVehicles 2023-09-01 2024-08-31 01064533 d:MotorVehicles 2024-08-31 01064533 d:MotorVehicles 2023-08-31 01064533 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:FurnitureFittings 2023-09-01 2024-08-31 01064533 d:FurnitureFittings 2024-08-31 01064533 d:FurnitureFittings 2023-08-31 01064533 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:OfficeEquipment 2023-09-01 2024-08-31 01064533 d:OfficeEquipment 2024-08-31 01064533 d:OfficeEquipment 2023-08-31 01064533 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 01064533 d:OtherPropertyPlantEquipment 2024-08-31 01064533 d:OtherPropertyPlantEquipment 2023-08-31 01064533 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01064533 d:CurrentFinancialInstruments 2024-08-31 01064533 d:CurrentFinancialInstruments 2023-08-31 01064533 d:Non-currentFinancialInstruments 2024-08-31 01064533 d:Non-currentFinancialInstruments 2023-08-31 01064533 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01064533 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01064533 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 01064533 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 01064533 d:ShareCapital 2024-08-31 01064533 d:ShareCapital 2023-08-31 01064533 d:OtherMiscellaneousReserve 2024-08-31 01064533 d:OtherMiscellaneousReserve 2023-08-31 01064533 d:RetainedEarningsAccumulatedLosses 2024-08-31 01064533 d:RetainedEarningsAccumulatedLosses 2023-08-31 01064533 c:OrdinaryShareClass1 2023-09-01 2024-08-31 01064533 c:OrdinaryShareClass1 2024-08-31 01064533 c:OrdinaryShareClass1 2023-08-31 01064533 c:OrdinaryShareClass2 2023-09-01 2024-08-31 01064533 c:OrdinaryShareClass2 2024-08-31 01064533 c:OrdinaryShareClass2 2023-08-31 01064533 c:FRS102 2023-09-01 2024-08-31 01064533 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01064533 c:FullAccounts 2023-09-01 2024-08-31 01064533 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01064533 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 01064533 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 01064533 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 01064533 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 01064533 2 2023-09-01 2024-08-31 01064533 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 01064533 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 01064533 d:LeasedAssetsHeldAsLessee 2024-08-31 01064533 d:LeasedAssetsHeldAsLessee 2023-08-31 01064533 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01064533










LEYFOS PLASTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LEYFOS PLASTICS LIMITED
REGISTERED NUMBER: 01064533

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
425,752
324,508

  
425,752
324,508

Current assets
  

Stocks
  
20,000
20,000

Debtors: amounts falling due within one year
 5 
654,050
384,173

Cash at bank and in hand
 6 
111,120
66,543

  
785,170
470,716

Creditors: amounts falling due within one year
 7 
(415,426)
(441,918)

Net current assets
  
 
 
369,744
 
 
28,798

Total assets less current liabilities
  
795,496
353,306

Creditors: amounts falling due after more than one year
 8 
(107,633)
(79,466)

Provisions for liabilities
  

Deferred tax
  
(69,396)
(31,262)

  
 
 
(69,396)
 
 
(31,262)

Net assets
  
618,467
242,578


Capital and reserves
  

Called up share capital 
 10 
1,010
1,010

Other reserves
  
11,590
11,590

Profit and loss account
  
605,867
229,978

  
618,467
242,578



 
LEYFOS PLASTICS LIMITED
REGISTERED NUMBER: 01064533
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




................................................
Mr M R Wycherley
Director

The notes on  form part of these financial statements.


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Leyfos Plastics Limited is a private company limited by shares incorporated in England and Wales. The 
registered office is Unit 2 Ollerton Business Park, Childs Ercall, Nr Market Drayton, Shropshire, TF9 2EJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
5 years
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% straight line
Office equipment
-
33% straight line
Other fixed assets
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 14).


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Leasehold 
improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 September 2023
106,593
722,384
233,570
2,544
2,368


Additions
58,118
60,539
349,805
657
-


Disposals
-
-
(300,322)
-
-



At 31 August 2024

164,711
782,923
283,053
3,201
2,368



Depreciation


At 1 September 2023
106,593
614,643
58,580
1,385
1,173


Charge for the year on owned assets
11,624
33,656
70,763
480
588


Disposals
-
-
(58,580)
-
-



At 31 August 2024

118,217
648,299
70,763
1,865
1,761



Net book value



At 31 August 2024
46,494
134,624
212,290
1,336
607



At 31 August 2023
-
107,741
174,990
1,159
1,194

 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)


Crane pilot plant
Total

£
£



Cost or valuation


At 1 September 2023
64,157
1,131,616


Additions
-
469,119


Disposals
-
(300,322)



At 31 August 2024

64,157
1,300,413



Depreciation


At 1 September 2023
24,733
807,107


Charge for the year on owned assets
9,023
126,134


Disposals
-
(58,580)



At 31 August 2024

33,756
874,661



Net book value



At 31 August 2024
30,401
425,752



At 31 August 2023
39,424
324,508


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
46,494
-

46,494
-


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
90,848
79,496

90,848
79,496


 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
616,666
337,015

Other debtors
12,280
12,670

Prepayments and accrued income
25,104
34,488

654,050
384,173



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
111,120
66,543

111,120
66,543



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
234,422
262,795

Amounts owed to group undertakings
9,539
19,909

Other taxation and social security
145,794
109,999

Obligations under finance lease and hire purchase contracts
13,008
10,113

Other creditors
1,829
1,651

Accruals and deferred income
10,834
37,451

415,426
441,918



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
107,633
79,466

107,633
79,466



 
LEYFOS PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
13,008
10,113

Between 1-5 years
107,633
79,466

120,641
89,579


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



910 (2023 - 910) Ordinary A shares shares of £1.00 each
910
910
100 (2023 - 100) Ordinary B shares shares of £1.00 each
100
100

1,010

1,010