Graham Roberts Plastics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00956783 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

GRAHAM ROBERTS PLASTICS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

E A Reddicliffe

Mrs P J Reddicliffe

M Goulding

SECRETARY:

Mrs P J Reddicliffe

REGISTERED OFFICE:

13 Queensway

Stem Lane Industrial Estate

New Milton

Hampshire

BH25 5NU

REGISTERED NUMBER:

00956783 (England and Wales)

ACCOUNTANTS:

TC Group

Office: Croydon - TC SWP

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

2,011

3,937

CURRENT ASSETS

Inventories

112,727

132,534

Debtors

5

116,307

136,544

Cash at bank and in hand

97,202

206,449

326,236

475,527

CREDITORS

Amounts falling due within one year

6

74,856

198,575

NET CURRENT ASSETS

251,380

276,952

TOTAL ASSETS LESS CURRENT LIABILITIES

253,391

280,889

CREDITORS

Amounts falling due after more than one
year

7

418,760

NET LIABILITIES

(165,369

)

(137,871

)

CAPITAL AND RESERVES

Called up share capital

30,000

Retained earnings

(195,369

)

(167,871

)

(165,369

)

(137,871

)

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 directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

M Goulding - Director

1.	STATUTORY INFORMATION

Graham Roberts 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.

Going concern

The directors are confident that the going concern basis of preparation is appropriate given that included in creditors due after one year is a loan of £418,760 owed to a company under common control of the directors. There are no requirements to repay the loan until the Company has sufficient reserves.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for twelve months from the date of approval of the financial statements.

Turnover

Revenue 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets under the cost model are stated at the historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Stocks

Inventories 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 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 statement of financial position date.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st January 2024

16,251

6,668

38,082

24,700

85,701

Additions

-

2,076

Disposals

-

(38,082

)

-

(38,082

)

At 31st December 2024

16,251

6,668

-

26,776

49,695

DEPRECIATION

At 1st January 2024

16,251

6,668

34,145

24,700

81,764

Charge for year

-

1,312

65

1,377

Eliminated on disposal

-

(35,457

)

-

(35,457

)

At 31st December 2024

16,251

6,668

-

24,765

47,684

NET BOOK VALUE

At 31st December 2024

-

2,011

At 31st December 2023

-

3,937

-

3,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

83,080

120,020

VAT

23,944

4,893

Prepayments

9,283

11,631

116,307

136,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

61,291

125,600

Amounts owed to group undertakings

48

50,878

Social security and other taxes

1,795

6,004

Other creditors

5,109

6,255

Accrued expenses

6,613

9,838

74,856

198,575

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other creditors

418,760

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

26,750

Between one and five years

24,521

53,500

51,271

80,250

9.	RELATED PARTY DISCLOSURES

At the year end, £418,760 (2023 - £418,760) was owed to an entity under common control. This amount is unsecured, interest free and is not expected to be repaid for more than 12 months from the balance sheet date.

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31st December 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

TC Group

Office: Croydon - TC SWP

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

30th September 2025