BPU Plastics Limited 07820297 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Plastic & Foam Mouldings Digita Accounts Production Advanced 6.30.9574.0 true 07820297 2024-01-01 2024-12-31 07820297 2024-12-31 07820297 bus:OrdinaryShareClass1 2024-12-31 07820297 core:CurrentFinancialInstruments 2024-12-31 07820297 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07820297 core:FurnitureFittingsToolsEquipment 2024-12-31 07820297 bus:SmallEntities 2024-01-01 2024-12-31 07820297 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07820297 bus:FilletedAccounts 2024-01-01 2024-12-31 07820297 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07820297 bus:RegisteredOffice 2024-01-01 2024-12-31 07820297 bus:Director1 2024-01-01 2024-12-31 07820297 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07820297 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07820297 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 07820297 core:PlantMachinery 2024-01-01 2024-12-31 07820297 countries:England 2024-01-01 2024-12-31 07820297 2023-12-31 07820297 core:FurnitureFittingsToolsEquipment 2023-12-31 07820297 2023-01-01 2023-12-31 07820297 2023-12-31 07820297 bus:OrdinaryShareClass1 2023-12-31 07820297 core:CurrentFinancialInstruments 2023-12-31 07820297 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07820297 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07820297

BPU Plastics Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

BPU Plastics Limited

(Registration number: 07820297)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

146

182

Current assets

 

Stocks

5

14,486

7,886

Debtors

6

22,419

16,243

Cash at bank and in hand

 

145

622

 

37,050

24,751

Creditors: Amounts falling due within one year

7

(10,593)

(16,627)

Net current assets

 

26,457

8,124

Total assets less current liabilities

 

26,603

8,306

Provisions for liabilities

(28)

(35)

Net assets

 

26,575

8,271

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

26,475

8,171

Shareholders' funds

 

26,575

8,271

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:
 

.........................................
Mr Daniel Gregory
Director

 

BPU Plastics Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
109 Hands Road
Heanor
Derbyshire
DE75 7HB

These financial statements were authorised for issue by the Board on 20 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

BPU Plastics Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 2).

 

BPU Plastics Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,414

1,414

At 31 December 2024

1,414

1,414

Depreciation

At 1 January 2024

1,232

1,232

Charge for the year

36

36

At 31 December 2024

1,268

1,268

Carrying amount

At 31 December 2024

146

146

At 31 December 2023

182

182

5

Stocks

2024
£

2023
£

Other inventories

14,486

7,886

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

5,451

13,868

Amounts owed by related parties

14,593

-

Other debtors

 

2,375

2,375

   

22,419

16,243

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

3,686

Taxation and social security

 

9,552

11,901

Accruals and deferred income

 

675

674

Other creditors

 

366

366

 

10,593

16,627

 

BPU Plastics Limited

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

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100