7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01236764 2024-01-01 2024-12-31 01236764 2024-12-31 01236764 2023-12-31 01236764 2023-01-01 2023-12-31 01236764 2023-12-31 01236764 2022-12-31 01236764 core:PlantMachinery 2024-01-01 2024-12-31 01236764 core:MotorVehicles 2024-01-01 2024-12-31 01236764 bus:Director1 2024-01-01 2024-12-31 01236764 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 01236764 core:PlantMachinery 2023-12-31 01236764 core:MotorVehicles 2023-12-31 01236764 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 01236764 core:PlantMachinery 2024-12-31 01236764 core:MotorVehicles 2024-12-31 01236764 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01236764 core:WithinOneYear 2024-12-31 01236764 core:WithinOneYear 2023-12-31 01236764 core:AfterOneYear 2023-12-31 01236764 core:ShareCapital 2024-12-31 01236764 core:ShareCapital 2023-12-31 01236764 core:OtherReservesSubtotal 2024-12-31 01236764 core:OtherReservesSubtotal 2023-12-31 01236764 core:RetainedEarningsAccumulatedLosses 2024-12-31 01236764 core:RetainedEarningsAccumulatedLosses 2023-12-31 01236764 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 01236764 core:PlantMachinery 2023-12-31 01236764 core:MotorVehicles 2023-12-31 01236764 bus:SmallEntities 2024-01-01 2024-12-31 01236764 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01236764 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01236764 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01236764 bus:FullAccounts 2024-01-01 2024-12-31 01236764 core:OfficeEquipment 2024-01-01 2024-12-31 01236764 core:OfficeEquipment 2023-12-31 01236764 core:InvestmentPropertyIncludedWithinPPE 2023-12-31 01236764 core:OfficeEquipment 2024-12-31 01236764 core:InvestmentPropertyIncludedWithinPPE 2024-12-31
COMPANY REGISTRATION NUMBER: 01236764
CAMPBELL PLASTICS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
CAMPBELL PLASTICS LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
2,322,903
2,332,522
CURRENT ASSETS
Stocks
119,318
186,158
Debtors
6
172,734
213,624
Cash at bank and in hand
65,400
86,319
---------
---------
357,452
486,101
CREDITORS: amounts falling due within one year
7
313,617
361,959
---------
---------
NET CURRENT ASSETS
43,835
124,142
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,366,738
2,456,664
CREDITORS: amounts falling due after more than one year
8
5,777
PROVISIONS
356,911
354,129
------------
------------
NET ASSETS
2,009,827
2,096,758
------------
------------
CAPITAL AND RESERVES
Called up share capital
2,000
2,000
Non distributable reserve
1,614,659
1,614,659
Profit and loss account
393,168
480,099
------------
------------
SHAREHOLDERS FUNDS
2,009,827
2,096,758
------------
------------
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 income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CAMPBELL PLASTICS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
Mr M L Gardner Director
Company registration number: 01236764
CAMPBELL PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1, 2 and 5 Poldermere, Red House Lane, Hannington, Northampton, NN6 9SZ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Freehold Property
-
Straight line over 50 years
Plant and Machinery
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
33% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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 stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2023: 6 ).
5. TANGIBLE ASSETS
Freehold property
Plant and machinery
Motor vehicles
Office Equipment
Investment property
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
1,237,224
278,930
86,938
1,151
1,200,000
2,804,243
Additions
14,142
2,526
16,668
------------
---------
--------
-------
------------
------------
At 31 Dec 2024
1,237,224
293,072
86,938
3,677
1,200,000
2,820,911
------------
---------
--------
-------
------------
------------
Depreciation
At 1 Jan 2024
167,763
258,325
45,014
619
471,721
Charge for the year
7,194
8,374
10,482
237
26,287
------------
---------
--------
-------
------------
------------
At 31 Dec 2024
174,957
266,699
55,496
856
498,008
------------
---------
--------
-------
------------
------------
Carrying amount
At 31 Dec 2024
1,062,267
26,373
31,442
2,821
1,200,000
2,322,903
------------
---------
--------
-------
------------
------------
At 31 Dec 2023
1,069,461
20,605
41,924
532
1,200,000
2,332,522
------------
---------
--------
-------
------------
------------
The company's investment properties were valued on an open market value for existing use basis at 31 December 2024 by the directors.
6. DEBTORS
2024
2023
£
£
Trade debtors
134,641
154,627
Amounts owed by group undertakings and undertakings in which the company has a participating interest
36,034
45,459
Other debtors
2,059
13,538
---------
---------
172,734
213,624
---------
---------
The company has an ongoing debt financing arrangement whereby it receives a proportion of the value of sales invoices in advance. Advances are disclosed in the balance sheet as current liabilities and the gross amount of the financial debtors is included in trade debtors.
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
40,736
80,621
Amounts owed to group undertakings and undertakings in which the company has a participating interest
219,141
188,362
Corporation tax
37,381
Social security and other taxes
27,488
21,076
Other creditors
26,252
34,519
---------
---------
313,617
361,959
---------
---------
Included in overdrafts are advances in respect of financial debtors of £nil(2023 - £nil) which are secured against the debtors ledger. The overdraft is secured by a legal charge over the company's assets.
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
5,777
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-------