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Registered number: 09500222
Plastic Republic Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
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Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09500222
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 31,250
Tangible Assets 5 5,262 7,016
5,262 38,266
CURRENT ASSETS
Debtors 6 1,819 -
Cash at bank and in hand 4,418 1,750
6,237 1,750
Creditors: Amounts Falling Due Within One Year 7 (153,491 ) (151,334 )
NET CURRENT ASSETS (LIABILITIES) (147,254 ) (149,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES (141,992 ) (111,318 )
Creditors: Amounts Falling Due After More Than One Year 8 (11,384 ) (13,618 )
NET LIABILITIES (153,376 ) (124,936 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (153,476 ) (125,036 )
SHAREHOLDERS' FUNDS (153,376) (124,936)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Kevin Cavill
Director
31/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plastic Republic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09500222 . The registered office is 7 Silverlink Business Park, Forge Way, Darlington, Durham, DL1 2PL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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 Written down value method @ 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: )
- -
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 125,000
As at 31 March 2025 125,000
Amortisation
As at 1 April 2024 93,750
Provided during the period 31,250
As at 31 March 2025 125,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 31,250
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 22,174
As at 31 March 2025 22,174
Depreciation
As at 1 April 2024 15,158
Provided during the period 1,754
As at 31 March 2025 16,912
Net Book Value
As at 31 March 2025 5,262
As at 1 April 2024 7,016
6. Debtors
2025 2024
£ £
Due within one year
VAT 1,819 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,154 1,177
Bank loans and overdrafts 3,687 2,179
Accruals and deferred income 478 332
Director's loan account 148,172 147,646
153,491 151,334
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 11,384 13,618
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Kevin Cavill (147,646 ) (1,822 ) (1,297 ) - (148,172 )
The above loan is unsecured, interest free and repayable on demand.
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