REGISTERED NUMBER: 14384021 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PLASTOPLAN POLYMERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K D Arnold

REGISTERED OFFICE:

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

REGISTERED NUMBER:

14384021 (England and Wales)

AUDITORS:

BN Audit Services Limited (Statutory Auditors)

45a Station Road

Willington

Bedfordshire

MK44 3QL

FIXED ASSETS

Tangible assets

4

55,077

67,648

CURRENT ASSETS

Stocks

204,925

217,186

Debtors

5

210,703

89,494

Cash at bank

57,426

26,381

473,054

333,061

CREDITORS

Amounts falling due within one year

6

158,407

21,383

NET CURRENT ASSETS

314,647

311,678

TOTAL ASSETS LESS CURRENT LIABILITIES

369,724

379,326

CREDITORS

Amounts falling due after more than one year

7

586,914

396,998

NET LIABILITIES

(217,190

)

(17,672

)

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(317,190

)

(117,672

)

(217,190

)

(17,672

)

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 22 September 2025 and were signed by:

K D Arnold - Director

1.	STATUTORY INFORMATION

Plastoplan Polymers 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.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

70,553

2,097

72,650

Additions

-

1,669

1,669

At 31 December 2024

70,553

3,766

74,319

DEPRECIATION

At 1 January 2024

4,704

298

5,002

Charge for year

13,170

1,070

14,240

At 31 December 2024

17,874

1,368

19,242

NET BOOK VALUE

At 31 December 2024

52,679

2,398

55,077

At 31 December 2023

65,849

1,799

67,648

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

136,451

79,316

Other debtors

72,817

10,178

209,268

89,494

Amounts falling due after more than one year:

Other debtors

1,435

-

Aggregate amounts

210,703

89,494

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

113,244

1,071

Amounts owed to group undertakings

8,458

-

Taxation and social security

24,444

11,609

Other creditors

12,261

8,703

158,407

21,383

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to associated companies

586,914

-

Other creditors

-

396,998

586,914

396,998

Included in amounts owed to associated companies is a loan owed to a company under the same ultimate control. This loan has no fixed repayment date and interest is paid at a rate of 5% per annum.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Clive Noel (Senior Statutory Auditor)

for and on behalf of BN Audit Services Limited (Statutory Auditors)

9.	GOING CONCERN

The directors believe that the company has adequate financial resources to continue in operation for the foreseeable future and to meet its obligations as they fall due.

As at the balance sheet date the company has net liabilities of £217,190. This is due to losses incurred during the first two periods of trade.

The balance sheet at 31st December 2024 includes a total of current liabilities of £158,407 and current assets of £473,054 which show that the company has a positive working capital. The shareholder has confirmed it will to continue to provide the company such financial support as is necessary to enable to meet all the liabilities as they fall due for a period of at least twelve months, effective as from the date of the financial statements.

Therefore, management is of the opinion that the going concern assumption is justified and these financial statements have been prepared on the basis of the going concern assumption.