Minerva Plastics Ltd 31/03/2025 iXBRL

Company registration number: 07149499

Minerva Plastics Ltd

Unaudited filleted financial statements

31 March 2025

Minerva Plastics Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Minerva Plastics Ltd

Directors and other information


	Director	Mr A K Parmar


	Company number	07149499


	Registered office	Registered Office (UK) Limited
		167-169 Great Portland Street
		London
		W1W 5PF


	Accountants	James Reeves & Company Ltd
		11 Church Crescent
		London
		N3 1BE

Minerva Plastics Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of Minerva Plastics Ltd

Year ended 31 March 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2025 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

James Reeves & Company Ltd

Chartered Certified Accountants

11 Church Crescent

London

N3 1BE

4 December 2025

Minerva Plastics Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	9	13,796		16,230
		_______		_______
			13,796		16,230

Current assets
Stocks		30,000		25,000
Debtors	10	177,914		124,354
Cash at bank and in hand		68,565		135,272
		_______		_______
		276,479		284,626
Creditors: amounts falling due
within one year	11	( 302,590)		( 286,895)
		_______		_______
Net current liabilities			( 26,111)		( 2,269)
			_______		_______
Total assets less current liabilities			( 12,315)		13,961

Creditors: amounts falling due
after more than one year	12		( 33,972)		( 62,680)
			_______		_______
Net liabilities			( 46,287)		( 48,719)
			_______		_______

Capital and reserves
Called up share capital	13		100		100
Profit and loss account			( 46,387)		( 48,819)
			_______		_______
Shareholders deficit			( 46,287)		( 48,719)
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 December 2025 , and are signed on behalf of the board by:

Mr A K Parmar

Director

Company registration number: 07149499

Minerva Plastics Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Registered Office (UK) Limited, 167-169 Great Portland Street, London, W1W 5PF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15% %	reducing balance
Fittings fixtures and equipment	-	15% %	reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Other operating income

	2025	2024
	£	£
Employment allowance	5,000	5,000
	_______	_______

5. Staff costs

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	324,820	306,813
Social security costs	29,842	27,937
Other pension costs	3,792	3,551
	_______	_______
	358,454	338,301
	_______	_______

6. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 12 ).

7. Directors remuneration

The director's aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	42,750	39,375
	_______	_______

8. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	2,434	2,796
	_______	_______

9. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	49,498	19,754	69,252
	_______	_______	_______
Depreciation
At 1 April 2024	42,917	10,105	53,022
Charge for the year	987	1,447	2,434
	_______	_______	_______
At 31 March 2025	43,904	11,552	55,456
	_______	_______	_______
Carrying amount
At 31 March 2025	5,594	8,202	13,796
	_______	_______	_______
At 31 March 2024	6,581	9,649	16,230
	_______	_______	_______

10. Debtors

	2025	2024
	£	£
Trade debtors	144,204	90,761
Other debtors	33,710	33,593
	_______	_______
	177,914	124,354
	_______	_______

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	27,823	39,368
Trade creditors	137,353	147,701
Social security and other taxes	48,235	48,956
Other creditors	89,179	50,870
	_______	_______
	302,590	286,895
	_______	_______

12. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	33,972	62,680
	_______	_______

A bounce back loan was acquired on 18 May 2020 for £50,000. This is repayable over 6 years with a fixed interest rate of 2.5%. The monthly repayments of £887 commenced on 18 June 2021.

A new loan under the Recovery Loan Scheme of £100,000 was drawn down on 3 February 2022. This is repayable over 6 years with a fixed interest rate of 9.90% per annum. The monthly repayments of £1, 939 commenced on 28 February 2022.

13. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

14. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr A K Parmar	( 17,035)	( 41,044)	( 58,079)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr A K Parmar	( 13,625)	( 3,410)	( 17,035)
		_______	_______	_______