16 01/10/2023 30/09/2024 2024-09-30 false false false false true false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02298476 2023-10-01 2024-09-30 02298476 2024-09-30 02298476 2023-09-30 02298476 2022-10-01 2023-09-30 02298476 2023-09-30 02298476 2022-09-30 02298476 core:PlantMachinery 2023-10-01 2024-09-30 02298476 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 02298476 core:MotorVehicles 2023-10-01 2024-09-30 02298476 bus:RegisteredOffice 2023-10-01 2024-09-30 02298476 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 02298476 bus:Director1 2023-10-01 2024-09-30 02298476 core:PlantMachinery 2023-09-30 02298476 core:FurnitureFittingsToolsEquipment 2023-09-30 02298476 core:MotorVehicles 2023-09-30 02298476 core:PlantMachinery 2024-09-30 02298476 core:FurnitureFittingsToolsEquipment 2024-09-30 02298476 core:MotorVehicles 2024-09-30 02298476 core:WithinOneYear 2024-09-30 02298476 core:WithinOneYear 2023-09-30 02298476 core:ShareCapital 2024-09-30 02298476 core:ShareCapital 2023-09-30 02298476 core:RetainedEarningsAccumulatedLosses 2024-09-30 02298476 core:RetainedEarningsAccumulatedLosses 2023-09-30 02298476 core:PlantMachinery 2023-09-30 02298476 core:FurnitureFittingsToolsEquipment 2023-09-30 02298476 bus:SmallEntities 2023-10-01 2024-09-30 02298476 bus:Audited 2023-10-01 2024-09-30 02298476 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02298476 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02298476 bus:FullAccounts 2023-10-01 2024-09-30
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
Director G W L Brewis
Company number 02298476
Registered office Unit 6b Section 1
Sewstern Industrial Estate
Gunby Road
Sewstern
Grantham
Auditor Just Audit Limited
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE
Daneplast Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 29,001 48,311
_______ _______
29,001 48,311
Current assets
Stocks 132,577 161,464
Debtors 6 245,108 261,441
Cash at bank and in hand 294,106 144,925
_______ _______
671,791 567,830
Creditors: amounts falling due
within one year 7 ( 228,056) ( 270,921)
_______ _______
Net current assets 443,735 296,909
_______ _______
Total assets less current liabilities 472,736 345,220
_______ _______
Net assets 472,736 345,220
_______ _______
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 452,736 325,220
_______ _______
Shareholders funds 472,736 345,220
_______ _______
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:
Plant and machinery 20 % straight line
Fittings fixtures and equipment 20 % straight line
Motor vehicles 25 % straight line
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
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 and 30 September 2024 707,007 51,246 107,945 866,198
_______ _______ _______ _______
Depreciation
At 1 October 2023 658,695 51,247 107,945 817,887
Charge for the year 19,310 - - 19,310
_______ _______ _______ _______
At 30 September 2024 678,005 51,247 107,945 837,197
_______ _______ _______ _______
Carrying amount
At 30 September 2024 29,002 ( 1) - 29,001
_______ _______ _______ _______
At 30 September 2023 48,312 ( 1) - 48,311
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 179,785 187,527
Amounts owed by group undertakings and undertakings in which the company has a participating interest 49,080 59,574
Other debtors 16,243 14,340
_______ _______
245,108 261,441
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 50,436 114,022
Amounts owed to group undertakings and undertakings in which the company has a participating interest 69,905 14,005
Corporation tax 48,200 44,569
Social security and other taxes 37,391 67,411
Other creditors 22,124 30,914
_______ _______
228,056 270,921
_______ _______
8. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 47,250 47,250
_______ _______
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.