Newtown Plastics Limited - Filleted accounts

Registered number

04111204

Newtown Plastics Limited

Unaudited Filleted Accounts

31 March 2025

Newtown Plastics Limited
Registered number:		04111204
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		212,748			256,641

Current assets
Stocks		34,194			42,012
Debtors	5	458,837			493,228
Cash at bank and in hand		97,392			11,336
		590,423			546,576

Creditors: amounts falling due within one year	6	(114,619)			(107,030)

Net current assets			475,804			439,546

Total assets less current liabilities			688,552			696,187

Creditors: amounts falling due after more than one year	7		(1,548)			(9,521)

Provisions for liabilities			(46,182)			(30,689)


Net assets			640,822			655,977

Capital and reserves
Called up share capital			2			2
Profit and loss account			640,820			655,975

Shareholders' funds			640,822			655,977

The directors are 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 directors acknowledge their 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.




Mr S Church
Director
Approved by the board on 27 November 2025

Newtown Plastics Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover respresents net invoiced sales of goods, net of discounts and value added taxes.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	straight line - 10%
	Motor vehicle	straight line - 20%

	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.

	Government grants
	Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

	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			5		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					10,000
	At 31 March 2025					10,000

	Amortisation
	At 1 April 2024					10,000
	At 31 March 2025					10,000

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	804,640		24,445		829,085
	Additions	2,991		-		2,991
	Disposals	(2,000)		(24,445)		(26,445)
	At 31 March 2025	805,631		-		805,631

	Depreciation
	At 1 April 2024	547,999		24,445		572,444
	Charge for the year	46,884		-		46,884
	On disposals	(2,000)		(24,445)		(26,445)
	At 31 March 2025	592,883		-		592,883

	Net book value
	At 31 March 2025	212,748		-		212,748
	At 31 March 2024	256,641		-		256,641


5	Debtors			2025		2024
£					£

	Trade debtors			114,827		144,311
	Other debtors			344,010		348,917
				458,837		493,228

	Amounts due after more than one year included above			332,984		336,050


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

	Bank loans and overdrafts			7,780		7,587
	Trade creditors			21,542		34,252
	Taxation and social security costs			41,872		18,243
	Other creditors			43,425		46,948
				114,619		107,030



7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,548		9,521


8	Other information

	Newtown Plastics Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	29 Mochdre Enterprise Park
	Newtown
	Powys
	SY16 4LE