Plastiserve Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 09991857

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,647		6,287

			7,647		6,287
CURRENT ASSETS
Stocks	5	98,135		118,082
Debtors	6	122,657		151,576
Cash at bank and in hand		95,260		69,605

		316,052		339,263
Creditors: Amounts Falling Due Within One Year	7	(247,014 )		(216,300 )

NET CURRENT ASSETS (LIABILITIES)			69,038		122,963

TOTAL ASSETS LESS CURRENT LIABILITIES			76,685		129,250

Creditors: Amounts Falling Due After More Than One Year	8		(2,500 )		(12,500 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(1,452 )		(1,654 )

NET ASSETS			72,733		115,096

CAPITAL AND RESERVES
Called up share capital	10		4		4
Income Statement			72,729		115,092

SHAREHOLDERS' FUNDS			72,733		115,096

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Plastiserve Ltd

Statement of Financial Position (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Ian Morgan

Director

30 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Plastiserve Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09991857 . The registered office is Unit 7 Ashfield Close, Whitehall Road Industrial Estate, Whitehall Road, Leeds, LS12 5JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Computer Equipment	33.33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Plastiserve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2024	30,117	8,789	38,906
Additions	1,016	7,030	8,046
Disposals	-	(999 )	(999 )

As at 28 February 2025	31,133	14,820	45,953

Depreciation
As at 1 March 2024	25,704	6,915	32,619
Provided during the period	2,472	3,548	6,020
Disposals	-	(333 )	(333 )

As at 28 February 2025	28,176	10,130	38,306

Net Book Value
As at 28 February 2025	2,957	4,690	7,647

As at 1 March 2024	4,413	1,874	6,287

5. Stocks

	2025	2024
	£	£
Materials	98,135	118,082

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	110,631	138,696
Prepayments and accrued income	8,069	8,592
Other debtors	3,900	3,900
Other taxes and social security	57	-
Net wages	-	388

	122,657	151,576

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Plastiserve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	124,475	144,277
Bank loans and overdrafts	10,000	10,000
Corporation tax	16,667	8,792
Other taxes and social security	-	1,282
VAT	20,000	12,795
Net wages	408	-
Pensions payable	1	-
Accruals and deferred income	30,784	-
Directors' loan accounts	18,634	13,022
Amounts owed to group undertakings	26,045	26,132

	247,014	216,300

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,500	12,500

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	1,452	1,654

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Stephen Cooper	36,500	36,000

12. Related Party Transactions

Ian Morgan

Director and sole shareholder of parent company Entesis Ltd

Dividends paid to the parent company Entesis Ltd are immediately declared as dividends to the sole shareholder of Entesis Ltd, Ian Morgan.

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Entesis Ltd . Entesis Ltd is incorporated in England & Wales under company registration number 08215410. The ultimate controlling party is Ian Morgan who controls 75% of the shares of Plastiserve Ltd .

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