ROTHERHAM INDUSTRIAL PLASTIC COMPANY LIMITED

ROTHERHAM INDUSTRIAL PLASTIC COMPANY LIMITED
Registered number:		01160353
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		47,815			57,376

Current assets
Stocks		6,500			14,000
Debtors	4	74,086			112,142
Cash at bank and in hand		86,054			70,561
		166,640			196,703

Creditors: amounts falling due within one year	5	(106,160)			(85,681)

Net current assets			60,480			111,022

Total assets less current liabilities			108,295			168,398


Provisions for liabilities			(6,290)			(7,928)


Net assets			102,005			160,470

Capital and reserves
Called up share capital			101			101
Profit and loss account			101,904			160,369

Shareholders' funds			102,005			160,470

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Sykes
Director
Approved by the board on 4 September 2025

ROTHERHAM INDUSTRIAL PLASTIC COMPANY LIMITED
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment			straight line over 4 years
	Motor vehicles			25% reducing balance
	Plant and machinery			15% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					10		10


3	Tangible fixed assets
		Computer equipment		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	7,466		174,719		50,952		233,137
	Additions	798		-		-		798
	At 28 February 2025	8,264		174,719		50,952		233,935

	Depreciation
	At 1 March 2024	6,516		135,398		33,847		175,761
	Charge for the year	570		5,898		3,891		10,359
	At 28 February 2025	7,086		141,296		37,738		186,120

	Net book value
	At 28 February 2025	1,178		33,423		13,214		47,815
	At 29 February 2024	950		39,321		17,105		57,376




4	Debtors					2025		2024
£							£

	Trade debtors					72,728		110,578
	Other debtors					1,358		1,564
						74,086		112,142


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					53,565		11,954
	Corporation tax					5,001		15,349
	Other taxes and social security costs					26,414		23,503
	Other creditors					21,180		34,875
						106,160		85,681


6	Other information

	ROTHERHAM INDUSTRIAL PLASTIC COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Clifton Terrace
	Rotherham
	S65 2AG