Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseNo description of principal activity2121truefalse 03959164 2023-10-01 2024-09-30 03959164 2022-10-01 2023-09-30 03959164 2024-09-30 03959164 2023-09-30 03959164 2022-10-01 03959164 c:Director1 2023-10-01 2024-09-30 03959164 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 03959164 d:Buildings d:LongLeaseholdAssets 2024-09-30 03959164 d:Buildings d:LongLeaseholdAssets 2023-09-30 03959164 d:PlantMachinery 2023-10-01 2024-09-30 03959164 d:PlantMachinery 2024-09-30 03959164 d:PlantMachinery 2023-09-30 03959164 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03959164 d:MotorVehicles 2023-10-01 2024-09-30 03959164 d:MotorVehicles 2024-09-30 03959164 d:MotorVehicles 2023-09-30 03959164 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03959164 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03959164 d:Goodwill 2023-10-01 2024-09-30 03959164 d:Goodwill 2024-09-30 03959164 d:Goodwill 2023-09-30 03959164 d:CurrentFinancialInstruments 2024-09-30 03959164 d:CurrentFinancialInstruments 2023-09-30 03959164 d:Non-currentFinancialInstruments 2024-09-30 03959164 d:Non-currentFinancialInstruments 2023-09-30 03959164 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03959164 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03959164 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 03959164 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03959164 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 03959164 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 03959164 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 03959164 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 03959164 d:ShareCapital 2024-09-30 03959164 d:ShareCapital 2023-09-30 03959164 d:RetainedEarningsAccumulatedLosses 2024-09-30 03959164 d:RetainedEarningsAccumulatedLosses 2023-09-30 03959164 c:FRS102 2023-10-01 2024-09-30 03959164 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03959164 c:FullAccounts 2023-10-01 2024-09-30 03959164 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03959164 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03959164 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03959164 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 03959164














BLIBY PLASTICS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BLIBY PLASTICS LIMITED
REGISTERED NUMBER:03959164

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023

FIXED ASSETS
  

Intangible assets
 4 
1
1

Tangible assets
 5 
107,360
143,112

  
107,361
143,113

CURRENT ASSETS
  

Stocks
  
385,517
392,000

Debtors: amounts falling due within one year
 6 
298,161
233,707

Cash at bank and in hand
  
85,643
86,862

  
769,321
712,569

Creditors: amounts falling due within one year
 7 
(731,074)
(664,195)

NET CURRENT ASSETS
  
 
 
38,247
 
 
48,374

TOTAL ASSETS LESS CURRENT LIABILITIES
  
145,608
191,487

Creditors: amounts falling due after more than one year
 8 
(69,848)
(97,848)

 
PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(26,840)
(29,337)

  
 
 
(26,840)
 
 
(29,337)

NET ASSETS
  
£48,920
£64,302


CAPITAL AND RESERVES
  

Called up share capital 
  
6,667
6,667

Profit and loss account
  
42,253
57,635

  
£48,920
£64,302


Page 1

 
BLIBY PLASTICS LIMITED
REGISTERED NUMBER:03959164

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




................................................
M A Cobb
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BLIBY PLASTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bliby Plastics Limited is a private company limited by shares incorporated in England and Wales. The company registration number is 03959164. The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business is Bliby Business Centre, Bilsington, Ashford, Kent, TN25 7JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
BLIBY PLASTICS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2% - 15% straight line basis
Plant and machinery
-
20% - 25% reducing balance basis
Motor vehicles
-
20% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BLIBY PLASTICS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
BLIBY PLASTICS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).


4.


Intangible assets




Goodwill



Cost


At 1 October 2023
1



At 30 September 2024

1






Net book value



At 30 September 2024
£1



At 30 September 2023
£1



Page 6

 
BLIBY PLASTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total



Cost or valuation


At 1 October 2023
53,761
361,901
12,650
428,312



At 30 September 2024

53,761
361,901
12,650
428,312



Depreciation


At 1 October 2023
15,559
263,316
6,325
285,200


Charge for the year on owned assets
2,798
30,424
2,530
35,752



At 30 September 2024

18,357
293,740
8,855
320,952



Net book value



At 30 September 2024
£35,404
£68,161
£3,795
£107,360



At 30 September 2023
£38,202
£98,585
£6,325
£143,112


6.


Debtors

2024
2023

Trade debtors
298,161
233,707

£298,161
£233,707



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
10,000
10,000

Trade creditors
324,071
363,472

Corporation tax
99,677
82,937

Other taxation and social security
68,946
81,537

Other creditors
222,123
119,123

Accruals and deferred income
6,257
7,126

£731,074
£664,195


Page 7

 
BLIBY PLASTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
12,500
22,500

Other creditors
57,348
75,348

£69,848
£97,848



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,500
12,500

£22,500
£32,500



10.


Deferred taxation




2024
2023


At beginning of year
29,337
35,087


Charged to profit or loss
(2,497)
(5,750)



At end of year
£26,840
£29,337

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
26,840
29,337

£26,840
£29,337


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted to £11,708 (2023: £10,015). 

Page 8