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REGISTERED NUMBER: 01469316 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

P.15 Plastics Limited

P.15 Plastics Limited (Registered number: 01469316)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.15 Plastics Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: L D Smith





REGISTERED OFFICE: Unit 26-27 Leeside
Merrylees Industrial Estate
Desford
Leicestershire
LE9 9FS





REGISTERED NUMBER: 01469316 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

P.15 Plastics Limited (Registered number: 01469316)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,137 3,068

CURRENT ASSETS
Debtors 5 80,528 86,928
Cash at bank 5,680 6,392
86,208 93,320
CREDITORS
Amounts falling due within one year 6 11,049 10,501
NET CURRENT ASSETS 75,159 82,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,296

85,887

CREDITORS
Amounts falling due after more than
one year

7

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (284 ) (767 )
NET ASSETS 68,512 67,620

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 67,512 66,620
SHAREHOLDERS' FUNDS 68,512 67,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 7 August 2025 and were signed by:



L D Smith - Director


P.15 Plastics Limited (Registered number: 01469316)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

P.15 Plastics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

P.15 Plastics Limited (Registered number: 01469316)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 24,905 316 525 25,746
Disposals (14,690 ) - - (14,690 )
At 31 March 2025 10,215 316 525 11,056
DEPRECIATION
At 1 April 2024 22,057 234 387 22,678
Charge for year 569 16 28 613
Eliminated on disposal (13,372 ) - - (13,372 )
At 31 March 2025 9,254 250 415 9,919
NET BOOK VALUE
At 31 March 2025 961 66 110 1,137
At 31 March 2024 2,848 82 138 3,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 80,528 86,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 549 -
Accrued expenses 500 501
11,049 10,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 7,500 10,000
Bank loans - 2-5 years - 7,500
7,500 17,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary 1 1,000 1,000

P.15 Plastics Limited (Registered number: 01469316)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

9. RESERVES
Retained
earnings
£   

At 1 April 2024 66,620
Profit for the year 892
At 31 March 2025 67,512

10. ULTIMATE CONTROLLING PARTY

The controlling party is L & J Displays Limited.

The ultimate controlling party is Mr & Mrs L Smith.