REGISTERED NUMBER: 00963676 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

R.J.H. PLASTICS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr A Hawkins

SECRETARY:

Mr A Hawkins

REGISTERED OFFICE:

Unit 86

Plume Street Industrial Estate

Aston

Birmingham

B6 7RT

REGISTERED NUMBER:

00963676 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.J.H. Plastics Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of R.J.H. Plastics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.J.H. Plastics Limited and state those matters that we have agreed to state to the director of R.J.H. Plastics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.J.H. Plastics Limited and its director for our work or for this report.

It is your duty to ensure that R.J.H. Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.J.H. Plastics Limited. You consider that R.J.H. Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.J.H. Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

19th September 2025

FIXED ASSETS

Tangible assets

4

2,612,865

2,699,952

CURRENT ASSETS

Stocks

317,395

316,643

Debtors

5

1,031,223

972,307

Cash at bank

78,864

43,969

1,427,482

1,332,919

CREDITORS

Amounts falling due within one year

6

1,783,146

1,481,441

NET CURRENT LIABILITIES

(355,664

)

(148,522

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,257,201

2,551,430

CREDITORS

Amounts falling due after more than one year

7

(831,533

)

(1,041,078

)

PROVISIONS FOR LIABILITIES

(272,500

)

(266,579

)

NET ASSETS

1,153,168

1,243,773

CAPITAL AND RESERVES

Called up share capital

1,800

1,800

Other reserves

200

200

Retained earnings

1,151,168

1,241,773

SHAREHOLDERS' FUNDS

1,153,168

1,243,773

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 19th September 2025 and were signed by:

Mr A Hawkins - Director

1.	STATUTORY INFORMATION

R.J.H. 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2024

1,650,956

2,660,475

79,998

146,108

4,537,537

Additions

-

57,345

4,597

95,163

157,105

Disposals

-

-

(1,338

)

(62,160

)

(63,498

)

At 31st December 2024

1,650,956

2,717,820

83,257

179,111

4,631,144

DEPRECIATION

At 1st January 2024

160,549

1,536,455

50,070

90,511

1,837,585

Charge for year

17,708

177,107

3,405

37,021

235,241

Eliminated on disposal

-

-

(167

)

(54,380

)

(54,547

)

At 31st December 2024

178,257

1,713,562

53,308

73,152

2,018,279

NET BOOK VALUE

At 31st December 2024

1,472,699

1,004,258

29,949

105,959

2,612,865

At 31st December 2023

1,490,407

1,124,020

29,928

55,597

2,699,952

Included in cost of land and buildings is freehold land of £ 100,000 (2023 - £ 100,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2024

530,208

115,160

645,368

Additions

-

57,495

57,495

Disposals

-

(62,160

)

(62,160

)

At 31st December 2024

530,208

110,495

640,703

DEPRECIATION

At 1st January 2024

166,292

61,724

228,016

Charge for year

54,586

13,358

67,944

Eliminated on disposal

-

(54,380

)

(54,380

)

At 31st December 2024

220,878

20,702

241,580

NET BOOK VALUE

At 31st December 2024

309,330

89,793

399,123

At 31st December 2023

363,916

53,436

417,352

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

944,324

889,005

Other debtors

86,899

83,302

1,031,223

972,307

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

77,765

79,327

Hire purchase contracts (see note 8)

122,649

114,198

Trade creditors

802,274

714,290

Taxation and social security

118,565

95,199

Other creditors

661,893

478,427

1,783,146

1,481,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

697,795

817,164

Hire purchase contracts (see note 8)

133,738

223,914

831,533

1,041,078

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

485,170

558,407

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

144,764

133,025

Between one and five years

161,838

267,214

306,602

400,239

Finance charges repayable:

Within one year

22,115

18,827

Between one and five years

28,100

43,300

50,215

62,127

Net obligations repayable:

Within one year

122,649

114,198

Between one and five years

133,738

223,914

256,387

338,112

Non-cancellable operating

leases

2024

2023

£

£

Within one year

-

7,629

Between one and five years

-

5,086

-

12,715

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

Mr A Hawkins

Balance outstanding at start of year

38,955

39,227

Amounts repaid

(66

)

(272

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,889

38,955