Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Nicholas Tom Allen 09/11/2018 Michael Paul Bobby 09/11/2018 Frank Reginald Crawley 09/11/2018 David Jonathan Eyles 09/11/2018 Colin Edward Voller 09/11/2018 26 June 2025 The principal activity of the company during the financial year was that of manufacturing plastic products. 01090829 2024-12-31 01090829 bus:Director1 2024-12-31 01090829 bus:Director2 2024-12-31 01090829 bus:Director3 2024-12-31 01090829 bus:Director4 2024-12-31 01090829 bus:Director5 2024-12-31 01090829 2023-12-31 01090829 core:CurrentFinancialInstruments 2024-12-31 01090829 core:CurrentFinancialInstruments 2023-12-31 01090829 core:Non-currentFinancialInstruments 2024-12-31 01090829 core:Non-currentFinancialInstruments 2023-12-31 01090829 core:ShareCapital 2024-12-31 01090829 core:ShareCapital 2023-12-31 01090829 core:RetainedEarningsAccumulatedLosses 2024-12-31 01090829 core:RetainedEarningsAccumulatedLosses 2023-12-31 01090829 core:LandBuildings 2023-12-31 01090829 core:PlantMachinery 2023-12-31 01090829 core:FurnitureFittings 2023-12-31 01090829 core:LandBuildings 2024-12-31 01090829 core:PlantMachinery 2024-12-31 01090829 core:FurnitureFittings 2024-12-31 01090829 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 01090829 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 01090829 bus:OrdinaryShareClass1 2024-12-31 01090829 2024-01-01 2024-12-31 01090829 bus:FilletedAccounts 2024-01-01 2024-12-31 01090829 bus:SmallEntities 2024-01-01 2024-12-31 01090829 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01090829 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01090829 bus:Director1 2024-01-01 2024-12-31 01090829 bus:Director2 2024-01-01 2024-12-31 01090829 bus:Director3 2024-01-01 2024-12-31 01090829 bus:Director4 2024-01-01 2024-12-31 01090829 bus:Director5 2024-01-01 2024-12-31 01090829 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 01090829 core:PlantMachinery core:BottomRangeValue 2024-01-01 2024-12-31 01090829 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 01090829 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 01090829 2023-01-01 2023-12-31 01090829 core:LandBuildings 2024-01-01 2024-12-31 01090829 core:PlantMachinery 2024-01-01 2024-12-31 01090829 core:FurnitureFittings 2024-01-01 2024-12-31 01090829 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 01090829 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 01090829 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01090829 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01090829 (England and Wales)

WHITE HORSE PLASTICS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

WHITE HORSE PLASTICS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

WHITE HORSE PLASTICS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
WHITE HORSE PLASTICS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 210,757 126,418
210,757 126,418
Current assets
Stocks 153,831 176,021
Debtors 4 1,259,864 1,192,407
Cash at bank and in hand 153,519 165,066
1,567,214 1,533,494
Creditors: amounts falling due within one year 5 ( 361,896) ( 397,559)
Net current assets 1,205,318 1,135,935
Total assets less current liabilities 1,416,075 1,262,353
Creditors: amounts falling due after more than one year 6 ( 111,926) ( 79,915)
Net assets 1,304,149 1,182,438
Capital and reserves
Called-up share capital 7 2,010 2,010
Profit and loss account 1,302,139 1,180,428
Total shareholder's funds 1,304,149 1,182,438

For the financial 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 financial statements of White Horse Plastics Limited (registered number: 01090829) were approved and authorised for issue by the Board of Directors on 26 June 2025. They were signed on its behalf by:

Nicholas Tom Allen
Director
Michael Paul Bobby
Director
WHITE HORSE PLASTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
WHITE HORSE PLASTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Horse Plastics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 White Horse Business Park, Stanford In The Vale, Faringdon, SN7 8NY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Plant and machinery 4 - 5 years straight line
Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 30 27

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2024 8,219 1,469,163 167,489 1,644,871
Additions 0 128,271 0 128,271
Disposals 0 ( 41,555) 0 ( 41,555)
At 31 December 2024 8,219 1,555,879 167,489 1,731,587
Accumulated depreciation
At 01 January 2024 8,219 1,345,983 164,251 1,518,453
Charge for the financial year 0 41,530 2,402 43,932
Disposals 0 ( 41,555) 0 ( 41,555)
At 31 December 2024 8,219 1,345,958 166,653 1,520,830
Net book value
At 31 December 2024 0 209,921 836 210,757
At 31 December 2023 0 123,180 3,238 126,418

4. Debtors

2024 2023
£ £
Trade debtors 304,364 326,469
Amounts owed by Parent undertakings 911,167 806,939
Prepayments 44,333 53,258
VAT recoverable 0 5,741
1,259,864 1,192,407

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 189,881 223,826
Accruals 86,160 108,361
Other taxation and social security 30,780 20,219
Obligations under finance leases and hire purchase contracts (secured) 39,890 22,945
Other creditors 5,185 12,208
361,896 397,559

The hire purchase liability is secured by the asset to which it relates.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 5,000 15,000
Obligations under finance leases and hire purchase contracts (secured) 106,926 64,915
111,926 79,915

The hire purchase liability is secured by the asset to which it relates.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,010 Ordinary shares of £ 1.00 each 2,010 2,010

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 485,194 615,094

Of the commitments, £126,047 (2023: £129,899) is due within 1 year.

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 5,185 3,715