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Registered number: 01492161
Corrugated Plastic Products Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01492161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,423 5,155
Tangible Assets 5 170,433 23,847
174,856 29,002
CURRENT ASSETS
Stocks 6 64,372 78,942
Debtors 7 882,450 823,800
Cash at bank and in hand 1,781,619 1,300,460
2,728,441 2,203,202
Creditors: Amounts Falling Due Within One Year 8 (546,767 ) (399,062 )
NET CURRENT ASSETS (LIABILITIES) 2,181,674 1,804,140
TOTAL ASSETS LESS CURRENT LIABILITIES 2,356,530 1,833,142
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,608 ) (5,962 )
NET ASSETS 2,313,922 1,827,180
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 2,312,922 1,826,180
SHAREHOLDERS' FUNDS 2,313,922 1,827,180
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Elliot Spencer
Director
20 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Corrugated Plastic Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01492161 . The registered office is 33 West Borough, Wimborne, Dorset, BH21 1LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover represents amounts receivable for the design and sale of plastic material handling products, net of VAT and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other 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.
Patents and licences are being amortised evenly over their estimate useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 33% Straight Line
2.5. Stocks and Work in Progress
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 costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 7,575
As at 30 September 2024 7,575
Amortisation
As at 1 October 2023 2,420
Provided during the period 732
As at 30 September 2024 3,152
Net Book Value
As at 30 September 2024 4,423
As at 1 October 2023 5,155
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 34,274 5,509 39,783
Additions 157,439 1,407 158,846
As at 30 September 2024 191,713 6,916 198,629
Depreciation
As at 1 October 2023 11,978 3,958 15,936
Provided during the period 11,057 1,203 12,260
As at 30 September 2024 23,035 5,161 28,196
Net Book Value
As at 30 September 2024 168,678 1,755 170,433
As at 1 October 2023 22,296 1,551 23,847
6. Stocks
2024 2023
£ £
Stock 64,372 78,942
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 763,888 804,592
Prepayments and accrued income 6,440 4,692
Invoice financing account - 7,173
VAT 87,799 -
Amounts owed by connected company 24,323 7,343
882,450 823,800
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 335,602 188,884
Corporation tax 173,234 167,473
Other taxes and social security 3,089 2,212
VAT - 2,831
Other creditors 436 550
Accruals and deferred income 2,750 3,000
Directors' loan accounts 31,656 34,112
546,767 399,062
9. Secured Creditors
All monies due to, or to become due to the Estate of the former director, Mr P Farrington, are secured by way of a debenture, dated 24th December 1998 , over all the assets of the company.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
520 Ordinary A shares of £ 1.00 each 520 520
240 Ordinary B shares of £ 1.00 each 240 240
240 Ordinary C shares of £ 1.00 each 240 240
1,000 1,000
11. Controlling Party
The Company is controlled by the Executors of the Estate of the former director, Mr P Farrington, by virtue of the 52% ownership of the issued share capital.
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