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REGISTERED NUMBER: 13647804 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

PVC Pellets Limited

PVC Pellets Limited (Registered number: 13647804)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PVC Pellets Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr B J Morley
Mr J R Morley





REGISTERED OFFICE: Unit 1 Uttoxeter Road
Off Watery Lane
Foston/Scropton
Derbyshire
DE56 5PX





REGISTERED NUMBER: 13647804 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

PVC Pellets Limited (Registered number: 13647804)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,903 14,943

CURRENT ASSETS
Stocks 67,598 76,315
Debtors 5 2,945 5,773
Cash at bank 178 10,023
70,721 92,111
CREDITORS
Amounts falling due within one year 6 58,851 5,455
NET CURRENT ASSETS 11,870 86,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,773

101,599

CAPITAL AND RESERVES
Called up share capital 7 240 240
Share premium 149,934 149,934
Retained earnings (127,401 ) (48,575 )
SHAREHOLDERS' FUNDS 22,773 101,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

PVC Pellets Limited (Registered number: 13647804)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




Mr B J Morley - Director



Mr J R Morley - Director


PVC Pellets Limited (Registered number: 13647804)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

PVC Pellets 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

PVC Pellets Limited (Registered number: 13647804)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 20,200
DEPRECIATION
At 1 October 2023 5,257
Charge for year 4,040
At 30 September 2024 9,297
NET BOOK VALUE
At 30 September 2024 10,903
At 30 September 2023 14,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 305 4,763
Other debtors 2,191 174
VAT 330 669
Prepayments and accrued income 119 167
2,945 5,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 322 172
Social security and other taxes - 4,003
Other creditors 50,175 -
Directors' current accounts 7,359 -
Accruals and deferred income 995 1,280
58,851 5,455

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
240 Ordinary £1 240 240

8. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £50,175 (2023: £nil).