Made In Ply Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08302226

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,033		8,065
Tangible Assets	5		56,934		85,527

			60,967		93,592
CURRENT ASSETS
Stocks	6	71,164		58,080
Debtors	7	6,329		8,893
Cash at bank and in hand		339		1,221

		77,832		68,194
Creditors: Amounts Falling Due Within One Year	8	(165,970 )		(127,386 )

NET CURRENT ASSETS (LIABILITIES)			(88,138 )		(59,192 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(27,171 )		34,400

Creditors: Amounts Falling Due After More Than One Year	9		(196,935 )		(178,487 )

NET LIABILITIES			(224,106 )		(144,087 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(224,108 )		(144,089 )

SHAREHOLDERS' FUNDS			(224,106)		(144,087)

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Made In Ply Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daniel Lobato

Director

04/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Made In Ply Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08302226 . The registered office is Unit 7&8, Summers Yard, Farm Road, Caddsdown Industrial Estate, Bideford, Devon, EX39 3GE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software development. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5 years
Fixtures & Fittings	3 years
Computer Equipment	3 years

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 9)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	12,097

As at 31 December 2024	12,097

Amortisation
As at 1 January 2024	4,032
Provided during the period	4,032

As at 31 December 2024	8,064

...CONTINUED

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Made In Ply Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	4,033

As at 1 January 2024	8,065

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	131,337	1,809	15,367	148,513
Additions	-	207	2,128	2,335

As at 31 December 2024	131,337	2,016	17,495	150,848

Depreciation
As at 1 January 2024	54,913	1,645	6,428	62,986
Provided during the period	26,267	316	4,345	30,928

As at 31 December 2024	81,180	1,961	10,773	93,914

Net Book Value
As at 31 December 2024	50,157	55	6,722	56,934

As at 1 January 2024	76,424	164	8,939	85,527

6. Stocks

	2024	2023
	£	£
Materials	71,164	58,080

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	6,329	8,893

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	14,814	9,705
Bank loans and overdrafts	13,726	5,078
Other creditors	92,890	76,781
Taxation and social security	44,540	35,822

	165,970	127,386

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Directors loan account	196,935	178,487

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Made In Ply Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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