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REGISTERED NUMBER: 01635804 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

H & S POLYTHENE LIMITED

H & S POLYTHENE LIMITED (REGISTERED NUMBER: 01635804)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


H & S POLYTHENE LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Ms A Giannone
Mr G S Marin





REGISTERED OFFICE: 36 Redburn Trading Estate
Woodall Road
Enfield
EN3 4LE





REGISTERED NUMBER: 01635804 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

H & S POLYTHENE LIMITED (REGISTERED NUMBER: 01635804)

Abridged Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 724 965

CURRENT ASSETS
Debtors 306,526 560,702
Cash at bank 24,576 14,839
331,102 575,541
CREDITORS
Amounts falling due within one year (187,012 ) (418,964 )
NET CURRENT ASSETS 144,090 156,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,814

157,542

CREDITORS
Amounts falling due after more than one
year

5

(14,760

)

(17,485

)
NET ASSETS 130,054 140,057

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 129,052 139,055
SHAREHOLDERS' FUNDS 130,054 140,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:





Mr G S Marin - Director


H & S POLYTHENE LIMITED (REGISTERED NUMBER: 01635804)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

H & S Polythene 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 112,191
DEPRECIATION
At 1 January 2024 111,226
Charge for year 241
At 31 December 2024 111,467
NET BOOK VALUE
At 31 December 2024 724
At 31 December 2023 965

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bounce Back Loan - Over 5 yrs 3,860 6,585

H & S POLYTHENE LIMITED (REGISTERED NUMBER: 01635804)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr G S Marin
Balance outstanding at start of year 40,239 (335 )
Amounts advanced 20,370 40,574
Amounts repaid (40,612 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,997 40,239

This loan balance has been cleared in full on 3 April 2025.