Registration number: 02546345

Plastil (UK) Ltd.

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Abridged Financial Statements	4 to 11

Plastil (UK) Ltd.

Company Information

Director

Mr Christophe Jacques Dominique Legeais

Registered office

Stafford Park 4 Telford Shropshire TF3 3BA

Auditors

Walker Hubble Registered Auditor5 Parsons Street Dudley West Midlands DY1 1JJ

Plastil (UK) Ltd.

(Registration number: 02546345)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	9,718	5,700
Tangible assets	5	322,295	342,310
		332,013	348,010
Current assets
Stocks	6	301,145	304,309
Debtors	7	308,852	190,851
Cash at bank and in hand		3,956	125,030
		613,953	620,190
Prepayments and accrued income		24,195	9,945
Creditors: Amounts falling due within one year		(230,587)	(182,091)
Net current assets		407,561	448,044
Total assets less current liabilities		739,574	796,054
Accruals and deferred income		(14,704)	(12,772)
Net assets		724,870	783,282
Capital and reserves
Called up share capital	8	558,333	558,333
Retained earnings		166,537	224,949
Shareholders' funds		724,870	783,282

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Plastil (UK) Ltd.

(Registration number: 02546345)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the director on 22 September 2025
 

......................................... Mr Christophe Jacques Dominique Legeais Director

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Plastil (UK) Ltd.

Notes to the Abridged 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:
Stafford Park 4
Telford
Shropshire
TF3 3BA

These financial statements were authorised for issue by the director on 22 September 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 abridged 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 abridged 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.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 22 September 2025 was Gavin Pearson, who signed for and on behalf of Walker Hubble.

.........................................

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.

Plastil (UK) Ltd.

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

Foreign currency transactions and balances

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions, All differences are taken to the Statement of Income and Retained Earnings account.

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.

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
Land	0%
Buildings	Straight line over 20 years
Plant and machinery	10% - 33.33% straight line
Fixtures and fittings	10% - 25% straight line
Motor vehicles	25% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Plastil (UK) Ltd.

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

Asset class	Amortisation method and rate
Patents	10% straight line
Website development costs	33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Plastil (UK) Ltd.

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2023 - 18).

Plastil (UK) Ltd.

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

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	60,956
Additions acquired separately	7,494
At 31 December 2024	68,450
Amortisation
At 1 January 2024	55,256
Amortisation charge	3,476
At 31 December 2024	58,732
Carrying amount
At 31 December 2024	9,718
At 31 December 2023	5,700

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	1,158,401	48,632	1,076,425	2,283,458
Additions	-	-	10,366	10,366
At 31 December 2024	1,158,401	48,632	1,086,791	2,293,824
Depreciation
At 1 January 2024	845,151	43,653	1,052,344	1,941,148
Charge for the year	20,019	1,918	8,444	30,381
At 31 December 2024	865,170	45,571	1,060,788	1,971,529
Carrying amount
At 31 December 2024	293,231	3,061	26,003	322,295
At 31 December 2023	313,250	4,979	24,081	342,310

Included within the net book value of land and buildings above is £293,232 (2023 - £313,251) in respect of freehold land and buildings.
 

Plastil (UK) Ltd.

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

6

Stocks

	2024 £	2023 £
Raw materials and consumables	279,009	276,868
Finished goods and goods for resale	22,136	27,441
	301,145	304,309

7

Debtors

Debtors includes £21,641 (2023 - £Nil) due after more than one year.

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	558,333	558,333	558,333	558,333

Plastil (UK) Ltd.

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

9	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	41,727	40,466
Contributions paid to money purchase schemes	1,065	1,027
	42,792	41,493

Summary of transactions with parent

Plastil Holdings SAS Management fees

Summary of transactions with associates

Sale of goods and purchases of goods

Income and receivables from related parties

2024	Associates £
Sale of goods	7,234

2023	Associates £
Sale of goods	146

Expenditure with and payables to related parties

2024	Parent £	Associates £
Purchase of goods	-	76,112
Rendering of services	2,964	-
	2,964	76,112

2023	Parent £	Associates £
Purchase of goods	-	127,745
Rendering of services	(2,090)	-
	(2,090)	127,745

Plastil (UK) Ltd.

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

10	Parent and ultimate parent undertaking

The company's immediate parent is Plastil Holdings SAS, incorporated in France.

  These financial statements are available upon request from Les Dolomites, 58 rue Roger Salengro, 94120, Fontenay sous Bois, France.