REGISTERED NUMBER: 08360076 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 30 June 2025

for

The Plastic Economy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J N Headlam

Mr A J Pluke

REGISTERED OFFICE:

Hendley House

Rockbourne

Hampshire

SP6 3NA

REGISTERED NUMBER:

08360076 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

-

4,007

CURRENT ASSETS

Debtors

5

1,016

41,331

Cash at bank

750,652

297,063

751,668

338,394

CREDITORS

Amounts falling due within one year

6

317,775

316,584

NET CURRENT ASSETS

433,893

21,810

TOTAL ASSETS LESS CURRENT LIABILITIES

433,893

25,817

CREDITORS

Amounts falling due after more than one year

7

7,341

7,342

NET ASSETS

426,552

18,475

CAPITAL AND RESERVES

Called up share capital

13

13

Share premium

559,633

559,633

Retained earnings

(133,094

)

(541,171

)

SHAREHOLDERS' FUNDS

426,552

18,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 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 Income Statement has not been delivered.

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

Mr A J Pluke - Director

1.	STATUTORY INFORMATION

The Plastic Economy Ltd 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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Taxation

Taxation for the period 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 period 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.

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 period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

2,214

12,226

14,440

Additions

-

4,115

4,115

Disposals

(2,214

)

(16,341

)

(18,555

)

At 30 June 2025

-

-

-

DEPRECIATION

At 1 January 2024

1,753

8,680

10,433

Eliminated on disposal

(1,753

)

(8,680

)

(10,433

)

At 30 June 2025

-

-

-

NET BOOK VALUE

At 30 June 2025

-

-

-

At 31 December 2023

461

3,546

4,007

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.23

£

£

Other debtors

1,016

41,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.23

£

£

Trade creditors

-

929

Taxation and social security

109,475

-

Other creditors

208,300

315,655

317,775

316,584

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

31.12.23

£

£

Other creditors

7,341

7,342

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is a loan from the directors of £162,113 (2023 - £164,675). The loans are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A J Pluke.