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REGISTERED NUMBER: 04348846 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Engineering Plastic Supplies Limited

Engineering Plastic Supplies Limited (Registered number: 04348846)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Engineering Plastic Supplies Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: GD Armitage
M R Barnes
Mrs G King



SECRETARY: GD Armitage



REGISTERED OFFICE: Unit 1
Intercity Court
Intercity Way
Leeds
West Yorkshire
LS13 4HN



REGISTERED NUMBER: 04348846 (England and Wales)



ACCOUNTANTS: Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD



BANKERS: Yorkshire Bank
215 Town Street
Bramley
Leeds
LS13 3JL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Engineering Plastic Supplies Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Engineering Plastic Supplies Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Engineering Plastic Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 10 July 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Engineering Plastic Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Engineering Plastic Supplies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Engineering Plastic Supplies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Engineering Plastic Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Engineering Plastic Supplies Limited. You consider that Engineering Plastic Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Engineering Plastic Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD


12 May 2025

Engineering Plastic Supplies Limited (Registered number: 04348846)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,811 122,081
94,811 122,081

CURRENT ASSETS
Stocks 127,908 155,570
Debtors 6 371,177 273,033
Cash at bank and in hand 202,409 309,404
701,494 738,007
CREDITORS
Amounts falling due within one year 7 239,169 254,660
NET CURRENT ASSETS 462,325 483,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,136

605,428

CREDITORS
Amounts falling due after more than one
year

8

(58,126

)

(76,361

)

PROVISIONS FOR LIABILITIES (7,679 ) (11,928 )
NET ASSETS 491,331 517,139

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 490,331 516,139
SHAREHOLDERS' FUNDS 491,331 517,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Engineering Plastic Supplies Limited (Registered number: 04348846)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





GD Armitage - Director


Engineering Plastic Supplies Limited (Registered number: 04348846)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Engineering Plastic Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible fixed assets
Intangible fixed assets are stated at cost less amortisation and are written off on a straight line basis as follows:

Goodwill Over 5 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their estimated useful lives on the following basis:

Leasehold improvements Over the period of the lease
Equipment 20% reducing balance / Over period of finance lease
Computer equipment 35% reducing balance
Other office equipment 25% reducing balance / Over period of finance lease
Motor vehicles 25% reducing balance / Over period of finance lease

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


Engineering Plastic Supplies Limited (Registered number: 04348846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under these agreements are included in creditors net of the interest allocated to future periods. The interest 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.

Rentals applicable to operating leases, where substantially all of the benefits and risk of ownership remain with the lessor, are charged to the profit and loss account on a straight line basis over the term of the lease.

Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 7,700
AMORTISATION
At 1 April 2024
and 31 March 2025 7,700
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Engineering Plastic Supplies Limited (Registered number: 04348846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Leasehold Office Motor
improvements Equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 28,330 93,882 91,318 69,245 282,775
Additions - 229 4,675 - 4,904
Disposals - (390 ) (3,725 ) - (4,115 )
At 31 March 2025 28,330 93,721 92,268 69,245 283,564
DEPRECIATION
At 1 April 2024 9,445 62,078 37,513 51,658 160,694
Charge for year 4,721 7,895 14,592 4,605 31,813
Eliminated on disposal - (125 ) (3,629 ) - (3,754 )
At 31 March 2025 14,166 69,848 48,476 56,263 188,753
NET BOOK VALUE
At 31 March 2025 14,164 23,873 43,792 12,982 94,811
At 31 March 2024 18,885 31,804 53,805 17,587 122,081

Fixed assets, included in the above, which are held under finance leases are as follows:
Office Motor
Equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2024 19,299 78,151 18,999 116,449
Additions - 4,675 - 4,675
Disposals - (3,324 ) - (3,324 )
Transfer to ownership - - (18,999 ) (18,999 )
At 31 March 2025 19,299 79,502 - 98,801
DEPRECIATION
At 1 April 2024 7,718 29,666 18,722 56,106
Charge for year 3,859 12,887 277 17,023
Eliminated on disposal - (3,324 ) - (3,324 )
Transfer to ownership - - (18,999 ) (18,999 )
At 31 March 2025 11,577 39,229 - 50,806
NET BOOK VALUE
At 31 March 2025 7,722 40,273 - 47,995
At 31 March 2024 11,581 48,485 277 60,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 261,189 228,677
Other debtors 109,988 44,356
371,177 273,033

Engineering Plastic Supplies Limited (Registered number: 04348846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 8,333 33,333
Finance leases 13,538 8,759
Trade creditors 171,206 135,037
Taxation and social security 37,215 67,120
Other creditors 8,877 10,411
239,169 254,660

Of the creditors falling due within and after more than one year, the net obligations under hire purchase and finance lease contracts totalling £71,664 (2024 - £76,786) are secured.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 8,334
Finance leases 58,126 68,027
58,126 76,361

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 2,619 17,405

9. FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 March 2025 of £17,620 (2024 - £17,620).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
GD Armitage
Balance outstanding at start of year - 2,351
Amounts advanced 60,000 -
Amounts repaid - (2,351 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,000 -

The above loan is repayable over two years and interest is charged at 2.25% per annum.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2024 - £450) were paid to the directors .