NORTHERN TRADING PLASTICS LTD
Report and Accounts
31 August 2024
Registered number
12116581
NORTHERN TRADING PLASTICS LTD
Registered number: 12116581
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 60,516 80,688
Current assets
Debtors 4 838,283 1,196,315
Cash at bank and in hand 312,284 226,592
1,150,567 1,422,907
Creditors: amounts falling due within one year 5 (80,679) (460,270)
Net current assets 1,069,888 962,637
Net assets 1,130,404 1,043,325
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,129,404 1,042,325
Shareholders' funds 1,130,404 1,043,325
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Raymond Huschka
Director
Approved by the board on 27 April 2025
NORTHERN TRADING PLASTICS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 143,445
At 31 August 2024 143,445
Depreciation
At 1 September 2023 62,757
Charge for the year 20,172
At 31 August 2024 82,929
Net book value
At 31 August 2024 60,516
At 31 August 2023 80,688
4 Debtors 2024 2023
£ £
Trade debtors 338,552 696,584
Intercompany loan 499,731 499,731
838,283 1,196,315
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 31,309 344,581
Accruals 3,500 9,500
Other taxes and social security costs 38,290 95,642
Creditor Kraker 780 3,747
Other loans 6,800 6,800
80,679 460,270
6 Other information
NORTHERN TRADING PLASTICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Wright House
67 High Street
Tarporley
Cheshire
CW6 0DP
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