Company registration number:
02298476
Daneplast Limited
Filleted financial statements
30 September 2024
Daneplast Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Daneplast Limited
Directors and other information
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Director |
G W L Brewis |
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Company number |
02298476 |
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Registered office |
Unit 6b Section 1 |
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Sewstern Industrial Estate |
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Gunby Road |
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Sewstern |
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Grantham |
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Auditor |
Just Audit Limited |
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Strelley Hall |
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Main Street |
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Strelley |
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Nottingham |
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NG8 6PE |
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Daneplast Limited
Statement of financial position
30 September 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
29,001 |
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48,311 |
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_______ |
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_______ |
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29,001 |
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48,311 |
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Current assets |
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Stocks |
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132,577 |
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161,464 |
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Debtors |
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6 |
245,108 |
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261,441 |
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Cash at bank and in hand |
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294,106 |
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144,925 |
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_______ |
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_______ |
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671,791 |
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567,830 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
228,056) |
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(
270,921) |
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_______ |
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_______ |
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Net current assets |
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443,735 |
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296,909 |
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_______ |
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_______ |
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Total assets less current liabilities |
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472,736 |
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345,220 |
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_______ |
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_______ |
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Net assets |
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472,736 |
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345,220 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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20,000 |
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20,000 |
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Profit and loss account |
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452,736 |
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325,220 |
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_______ |
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_______ |
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Shareholders funds |
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472,736 |
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345,220 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 March 2025
, and are signed on behalf of the board by:
G W L Brewis
Director
Company registration number:
02298476
Daneplast Limited
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The registered number is
02298476
and the address of the registered office is Unit 6b Section 1, Sewstern Industrial Estate, Gunby Road, Sewstern, Grantham, NG33 5RD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources, including support from the group to which the company belongs, to continue in operational existence for the foreseeable future.Thus the director continues to adopt the going concern basis of accounting in preparing the companyfinancial statements
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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20 % |
straight line |
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Fittings fixtures and equipment |
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20 % |
straight line |
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Motor vehicles |
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25 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
16
(2023:
20
).
5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
707,007 |
51,246 |
107,945 |
866,198 |
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_______ |
_______ |
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_______ |
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Depreciation |
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At 1 October 2023 |
658,695 |
51,247 |
107,945 |
817,887 |
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Charge for the year |
19,310 |
- |
- |
19,310 |
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_______ |
_______ |
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_______ |
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At 30 September 2024 |
678,005 |
51,247 |
107,945 |
837,197 |
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_______ |
_______ |
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_______ |
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Carrying amount |
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At 30 September 2024 |
29,002 |
(
1) |
- |
29,001 |
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_______ |
_______ |
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_______ |
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At 30 September 2023 |
48,312 |
(
1) |
- |
48,311 |
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_______ |
_______ |
_______ |
_______ |
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6.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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179,785 |
187,527 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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49,080 |
59,574 |
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Other debtors |
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16,243 |
14,340 |
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_______ |
_______ |
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245,108 |
261,441 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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50,436 |
114,022 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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69,905 |
14,005 |
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Corporation tax |
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48,200 |
44,569 |
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Social security and other taxes |
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37,391 |
67,411 |
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Other creditors |
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22,124 |
30,914 |
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_______ |
_______ |
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228,056 |
270,921 |
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_______ |
_______ |
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8.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
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£ |
£ |
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| Not later than 1 year |
47,250 |
47,250 |
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_______ |
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9.
Summary audit opinion
The auditor's report dated
26 March 2025
was unqualified.
The senior statutory auditor was
David Fletcher BA BFP FCA
for and on behalf of
Just Audit Limited
9.
Parent Company
The parent company of the smallest group which includes
Daneplast Limited
in its consolidated accounts is DLS Holdings (Grantham) Limited.