Company Registration No. 00372302 (England and Wales)
Norton Plastics limited
Unaudited accounts
for the year ended 31 March 2025
Norton Plastics limited
Unaudited accounts
Contents
Norton Plastics limited
Company Information
for the year ended 31 March 2025
Company Number
00372302 (England and Wales)
Registered Office
Unit 2
Belfield Street
Ilkeston
Derbyshire
DE7 8DU
United Kingdom
Norton Plastics limited
Statement of financial position
as at 31 March 2025
Tangible assets
576,187
525,054
Inventories
127,700
160,989
Cash at bank and in hand
149,338
123,775
Creditors: amounts falling due within one year
(212,883)
(305,441)
Net current assets
236,685
218,029
Total assets less current liabilities
812,872
743,083
Creditors: amounts falling due after more than one year
(141,403)
(150,563)
Provisions for liabilities
Deferred tax
(28,076)
(16,081)
Net assets
643,393
576,439
Called up share capital
4,000
4,000
Revaluation reserve
49,439
49,439
Fair value reserve
85,558
85,558
Capital contribution reserve
4,000
4,000
Profit and loss account
500,396
433,442
Shareholders' funds
643,393
576,439
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by
Stephen Moore
Director
Company Registration No. 00372302
Norton Plastics limited
Notes to the Accounts
for the year ended 31 March 2025
Norton Plastics limited is a private company, limited by shares, registered in England and Wales, registration number 00372302. The registered office is Unit 2, Belfield Street, Ilkeston, Derbyshire, DE7 8DU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% straight line
Fixtures & fittings
10% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
600,000
692,897
6,145
1,299,042
Additions
-
97,381
-
97,381
Disposals
-
(33,571)
-
(33,571)
At 31 March 2025
600,000
756,707
6,145
1,362,852
At 1 April 2024
159,583
608,709
5,696
773,988
Charge for the year
12,000
30,373
165
42,538
On disposals
-
(29,861)
-
(29,861)
At 31 March 2025
171,583
609,221
5,861
786,665
At 31 March 2025
428,417
147,486
284
576,187
At 31 March 2024
440,417
84,188
449
525,054
Norton Plastics limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
149,879
209,489
Accrued income and prepayments
16,920
17,855
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
35,595
22,554
Obligations under finance leases and hire purchase contracts
18,531
8,427
Trade creditors
84,085
180,632
Taxes and social security
52,216
72,793
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
139,494
144,552
Obligations under finance leases and hire purchase contracts
1,909
6,011
8
Average number of employees
During the year the average number of employees was 12 (2024: 12).