Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-092025-05-12false152024-01-01falseMachining and distributing industrial plastics15falsetrue 07018210 2024-01-01 2024-12-31 07018210 2023-01-01 2023-12-31 07018210 2024-12-31 07018210 2023-12-31 07018210 c:Director1 2024-01-01 2024-12-31 07018210 d:PlantMachinery 2024-01-01 2024-12-31 07018210 d:PlantMachinery 2024-12-31 07018210 d:PlantMachinery 2023-12-31 07018210 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07018210 d:MotorVehicles 2024-01-01 2024-12-31 07018210 d:MotorVehicles 2024-12-31 07018210 d:MotorVehicles 2023-12-31 07018210 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07018210 d:FurnitureFittings 2024-01-01 2024-12-31 07018210 d:FurnitureFittings 2024-12-31 07018210 d:FurnitureFittings 2023-12-31 07018210 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07018210 d:ComputerEquipment 2024-01-01 2024-12-31 07018210 d:ComputerEquipment 2024-12-31 07018210 d:ComputerEquipment 2023-12-31 07018210 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07018210 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07018210 d:CurrentFinancialInstruments 2024-12-31 07018210 d:CurrentFinancialInstruments 2023-12-31 07018210 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07018210 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07018210 d:ShareCapital 2024-12-31 07018210 d:ShareCapital 2023-12-31 07018210 d:RetainedEarningsAccumulatedLosses 2024-12-31 07018210 d:RetainedEarningsAccumulatedLosses 2023-12-31 07018210 c:FRS102 2024-01-01 2024-12-31 07018210 c:Audited 2024-01-01 2024-12-31 07018210 c:FullAccounts 2024-01-01 2024-12-31 07018210 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07018210 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07018210 2 2024-01-01 2024-12-31 07018210 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07018210










ANGLIA PLASTICS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ANGLIA PLASTICS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 11







 
ANGLIA PLASTICS LIMITED
REGISTERED NUMBER: 07018210

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
100,718
114,160

  
100,718
114,160

Current assets
  

Stocks
 5 
88,945
90,127

Debtors: amounts falling due within one year
 6 
273,881
254,058

Cash at bank and in hand
  
879,632
561,525

  
1,242,458
905,710

Creditors: amounts falling due within one year
 7 
(423,268)
(248,323)

Net current assets
  
 
 
819,190
 
 
657,387

Total assets less current liabilities
  
919,908
771,547

Provisions for liabilities
  

Deferred tax
  
(8,593)
(10,026)

  
 
 
(8,593)
 
 
(10,026)

Net assets
  
911,315
761,521


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
911,215
761,421

  
911,315
761,521


Page 1

 
ANGLIA PLASTICS LIMITED
REGISTERED NUMBER: 07018210
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 by: 




................................................
N J Driver
Director

Date: 9 May 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Anglia Plastics Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07018210. The registered office is 68 Scudamore Road, Braunstone Frith Industrial Estate, Leicester, LE3 1UA.
The principal activity of the Company during the year has continued to be that of the distribution and machining of industrial plastics.

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 Company's functional and presentational currency is British Pound Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Based on the cash balances held and working capital available, the directors consider the Company has the ability to continue as a going concern for at least the next 12 months from date of signing, therefore continuing to adopt the going concern basis in preparing its financial statements. 

 
2.3

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.
 
Page 3

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Profit and Loss Account on a straight-line basis over the lease term.

 
2.5

Hire Purchase Agreements

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and Loss Account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Profit and Loss Account 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.

 
2.8

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 the Profit and Loss Account 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.

Page 4

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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.


 
2.10

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Profit and Loss Account during the period in which they are incurred.

Page 5

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
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 basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance per annum
Motor vehicles
-
25% reducing balance per annum
Fixtures and fittings
-
15% reducing balance per annum
Equipment
-
25% reducing balance per annum

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 the Profit and Loss Account.

 
2.11

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 the Profit and Loss Account.

 
2.12

Debtors

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

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.14

Creditors

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

Page 6

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

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 the Profit and Loss Account.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through the Profit and Loss Account) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Profit and Loss Account. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

Page 7

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the Profit and Loss Account.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through the Profit and Loss Account). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).

Page 8

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
341,850
49,287
41,290
4,675
437,102


Additions
14,748
-
1,204
-
15,952


Transfers intra group
13,950
-
-
-
13,950


Disposals
(30,645)
-
-
-
(30,645)



At 31 December 2024

339,903
49,287
42,494
4,675
436,359



Depreciation


At 1 January 2024
264,932
33,692
21,615
2,703
322,942


Charge for the year
17,449
3,899
3,132
493
24,973


Transfers intra group
10,293
-
-
-
10,293


Disposals
(22,567)
-
-
-
(22,567)



At 31 December 2024

270,107
37,591
24,747
3,196
335,641



Net book value



At 31 December 2024
69,796
11,696
17,747
1,479
100,718



At 31 December 2023
76,918
15,595
19,675
1,972
114,160

Page 9

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
88,945
90,127

88,945
90,127



6.


Debtors

2024
2023
£
£


Trade debtors
236,992
214,672

Other debtors
-
4,391

Prepayments and accrued income
36,889
34,995

273,881
254,058



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
66,996
48,065

Amounts owed to group undertakings
244,506
118,082

Corporation tax
51,581
31,099

Other taxation and social security
22,124
20,334

Obligations under finance lease and hire purchase contracts
-
4,784

Accruals and deferred income
38,061
25,959

423,268
248,323


Obligations under hire purchase contracts amounting to £Nil (2023: £4,784) are secured by the Company against the assets to which they relate. 


8.Financial commitments

At the balance sheet date, the total amount of commitments, guarantees and contingencies was £471,969 (2023: £62,348).

Page 10

 
ANGLIA PLASTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Related party transactions

In accordance with FRS 102 IAC.35, as a wholly owned Subsidiary of Oadby Plastics Limited, which is owned by Oadby Plastics Holdings Limited, the Company is exempt from the requirement to disclose transactions with other members of the Group.  


10.


Controlling party

The Immediate Parent Company is Oadby Plastics Limited, a Company incorporated in England and Wales. The ultimate parent undertaking and controlling party of this Company is Oadby Plastics Holdings Limited. The registered office and principal place of business is 68 Scudamore Road, Braunstone Frith Industrial Estate, Leicester, LE3 1UA. The parent preparing consolidated financial statements for the smallest group of which the Company is a member is Oadby Plastics Holdings Limited


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 12 May 2025 by Shelley Harvey FCCA (Senior Statutory Auditor) on behalf of MHA.

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales
(registered number OC455542).

 
Page 11