THE GOOD PLASTIC COMPANY INTERNATIONAL LIMITED

THE GOOD PLASTIC COMPANY INTERNATIONAL LIMITED
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible assets	3	93,493	64,502
Tangible fixed assets	4	74,278	93,482
Investments	5	354,605	354,484
		522,376	512,468
Current assets
Debtors		783,089	309,466
Cash at bank and in hand		26,390	41,379
		809,479	350,845
Creditors: amount falling due within one year		(16,185)	(85,677)
Net current assets		793,294	265,168

Total assets less current liabilities		1,315,670	777,636
Creditors: amount falling due after more than one year		(518,751)	0
Net assets		796,919	777,636

Capital and reserves
Called up share capital		126	126
Share premium account		1,212,200	1,212,200
Profit and loss account		(415,407)	(434,690)
Shareholders' funds		796,919	777,636

For the year ended 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 of Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 21 July 2025 and were signed on its behalf by:

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Vadym Chyzhov
Director

THE GOOD PLASTIC COMPANY INTERNATIONAL LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

THE GOOD PLASTIC COMPANY INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12455148, registration address 85 Great Portland Street, First Floor, London, W1W 7LT.

The functional and presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.

Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of years.

Copy Rights
Copy Rights is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Copy rights of years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	5 years Straight Line
Office Equipments	2 years Straight Line

Fixed asset investments

Particulars		Current £

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 5 (2023 : 3).

Intangible assets

Cost	Equipment Development	Domain	Patents	Trade Mark	Copy Rights	Total
	£	£	£	£	£	£
At 01 January 2024	49,294	2,899	5,432	7,873	-	65,498
Additions	30,383	-	-	-	1,124	31,507
Disposals	-	-	(45)	(82)	-	(127)
At 31 December 2024	79,677	2,899	5,387	7,791	1,124	96,878
Amortisation
At 01 January 2024	-	-	996	-	-	996
Charge for year	-	-	1,794	-	595	2,389
On disposals	-	-	-	-	-	-
At 31 December 2024	-	-	2,790	-	595	3,385
Net book values
At 31 December 2024	79,677	2,899	2,597	7,791	529	93,493
At 31 December 2023	49,294	2,899	4,436	7,873	-	64,502

Tangible fixed assets

Cost or valuation	Plant and Machinery	Office Equipments	Total
	£	£	£
At 01 January 2024	134,656	2,191	136,847
Additions	-	1,000	1,000
Disposals	-	-	-
At 31 December 2024	134,656	3,191	137,847
Depreciation
At 01 January 2024	42,416	949	43,365
Charge for year	18,852	1,352	20,204
On disposals	-	-	-
At 31 December 2024	61,268	2,301	63,569
Net book values
Closing balance as at 31 December 2024	73,388	890	74,278
Opening balance as at 01 January 2024	92,240	1,242	93,482

Investments

Cost	Investments in group undertakings	Total
	£	£
At 01 January 2024	354,484	354,484
Additions	121	121
Transfer to/from tangible fixed assets	0	0
Disposals	-	-
At 31 December 2024	354,605	354,605

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2024 £	2023 £	2024 £	2023 £
The Good Plastic Company B.V	205,200	61,448	22,408	128,760
The Good Plastic Ukraine Ltd	36,000	28,000	91,000	55,000
The Good Plastic Company UK Ltd	81,000	128,937	31,844	91,842
The Good Plastic Ukraine Ltd	0	(17,406)	0	(17,406)
The Good Plastic Company Inc	175,536	0	179,779	0

Registered Number: 12455148
England and Wales
THE GOOD PLASTIC COMPANY INTERNATIONAL LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024