Company registration number 06252025 (England and Wales)
EAGLEY PLASTICS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EAGLEY PLASTICS LIMITED
COMPANY INFORMATION
Directors
C M Makin
L D Makin
J P Beckett
Company number
06252025
Registered office
Stephanie Works
Chinley
High Peak
SK23 6BT
Auditor
Alexander & Co LLP
Centurion House
129 Deansgate
Manchester
M3 3WR
EAGLEY PLASTICS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of income and retained earnings
8
Statement of financial position
9
Notes to the financial statements
10 - 21
EAGLEY PLASTICS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Fair review of the business

The Directors are satisfied with the performance of the business during the financial year, despite the challenging economic conditions.

The company disposed of its Glasgow Trade Counter during the year to allow Eagley to concentrate on its core business activities at its site in Chinley, Derbyshire.

The company has continued to strengthen and improve during the financial period. This reflects the Company’s focus on sustainable growth whilst seeking to control costs through increased manufacturing and logistics efficiencies.

EBITDA for the period was £842,123 (2024 - £1,060,935)

Shareholder funds totalled £3,977,820 (2024 - £3,642,862)

The company follows a strategy of funded growth with significant investment in its people and its physical and digital infrastructure.

This investment further improves the business platform. We are working to improve the overall customer experience as we target growth and improve profitability for future years.

Principal risks and uncertainties

The Board has primary responsibility for identifying the principal risks which the business faces and for developing appropriate policies to manage those risks.

The principal business risks relate to the following

- Movement in commodity and raw material prices

- Financial risk management such as credit risk and liquidity risk

- Legislative and regulatory risk - Product related legislation

Credit risk

The Company actively manages its customer relationships and has a broad spectrum of customers to diversify risk, it trades with only recognised credit worthy third parties. It is the Company’s policy that all customers who wish to trade on credit terms are subject to credit vetting procedures. Balances are monitored on an on-going basis so that the Company’s exposure to bad debt is minimal.

Liquidity risk

The Company’s objective is to maintain a healthy working capital by monitoring its current assets and liabilities and the timing of cash flows to ensure that the Company can cover all its contractual obligations.

EAGLEY PLASTICS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Key performance indicators

The Directors monitor the performance of the business through financial key performance indicators including:

| 31 March 202 5 | 31 March 202 4
Revenue | £9,610,000 | £10,299,126
EBITDA | £842,123 | £1,060,935
Profit Before Tax | £857,904 | £4 54,657
Net Assets | £3,977,820 | £3,642,862
Current Assets | £4,8 39,734 | £4,8 22,658
Current Liabilities | £3,106,582 | £3,6 65,781

On behalf of the board

C M Makin
Director
8 December 2025
EAGLEY PLASTICS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of plastic extrusion and moulding, the retail sale of plastic building products, lamination of goods and the recycling of uPVC window off-cuts.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £290,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

C M Makin
L D Makin
J P Beckett
Research and development

The company continues to invest in developing new materials and process technologies in the manufacture of thermoplastic extrusions. The research and development function forms an integral part of the company and looks to secure long term growth for the business.

Auditor

In accordance with the company's articles, a resolution proposing that Alexander & Co LLP be reappointed as auditor of the company will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the company website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

EAGLEY PLASTICS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
C M Makin
Director
8 December 2025
EAGLEY PLASTICS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EAGLEY PLASTICS LIMITED
- 5 -
Opinion

We have audited the financial statements of Eagley Plastics Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, the statement of financial position and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

EAGLEY PLASTICS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAGLEY PLASTICS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Capability of the audit in detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to breaches of the legal and regulatory framework that the company operates in. We considered the extent to which non-compliance might have a material effect on the financial statements. The key laws and regulations we considered in this context included UK Companies Act 2006, employment law, health and safety and tax legislation.

We also evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the posting of inappropriate journal entries to manipulate financial results and potential management bias in accounting estimates.

EAGLEY PLASTICS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EAGLEY PLASTICS LIMITED
- 7 -

As a result of the above, our audit procedures performed included:

- Discussions with management and those charged with governance in relation to known or suspected instances of non-compliance with laws and regulation and fraud.

- Agreeing financial statements disclosures to underlying supporting documentation and assessing compliance with relevant laws and regulations.

- Testing the appropriateness of journal entries and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Assessing whether the judgements made in making accounting estimates are indicative of a potential bias.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- Communicating relevant identified laws and regulations and potential fraud risks to all engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

- The engagement partner reviewing the engagement team to ensure that they collectively have the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations.

There are inherent limitations in the audit procedures described above. The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK).

We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the directors of Eagley Plastics Limited.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gary Kramrisch (Senior Statutory Auditor)
For and on behalf of Alexander & Co LLP
9 December 2025
Chartered Accountants
Statutory Auditor
Centurion House
129 Deansgate
Manchester
M3 3WR
EAGLEY PLASTICS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Continuing
Discontinued
31 March
Continuing
Discontinued
31 March
operations
operations
2025
operations
operations
2024
Notes
£
£
£
£
£
£
Turnover
3
9,553,290
56,710
9,610,000
8,998,889
1,300,237
10,299,126
Cost of sales
(7,976,619)
(52,254)
(8,028,873)
(7,534,233)
(1,090,651)
(8,624,884)
Gross profit
1,576,671
4,456
1,581,127
1,464,656
209,586
1,674,242
Administrative expenses
(1,158,158)
(947)
(1,159,105)
(971,437)
(57,713)
(1,029,150)
Operating profit
4
418,513
3,509
422,022
493,219
151,873
645,092
Interest payable and similar expenses
8
(101,538)
-
0
(101,538)
(190,435)
-
0
(190,435)
Profit/(loss) on disposal of operations
Disposal of Glasgow Trade Counter
-
537,420
537,420
-
-
-
Profit before taxation
316,975
540,929
857,904
302,784
151,873
454,657
Tax on profit
9
(86,068)
(146,878)
(232,946)
(81,202)
(40,730)
(121,932)
Profit for the financial year
230,907
394,051
624,958
221,582
111,143
332,725
Retained earnings brought forward
3,641,862
3,512,637
Dividends
11
(290,000)
(203,500)
Retained earnings carried forward
3,976,820
3,641,862
EAGLEY PLASTICS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
3,481,617
3,591,354
Current assets
Stocks
13
1,276,337
1,693,611
Debtors
14
2,457,891
2,219,769
Cash at bank and in hand
1,105,506
909,278
4,839,734
4,822,658
Creditors: amounts falling due within one year
15
(3,106,582)
(3,665,781)
Net current assets
1,733,152
1,156,877
Total assets less current liabilities
5,214,769
4,748,231
Creditors: amounts falling due after more than one year
16
(418,795)
(520,161)
Provisions for liabilities
Deferred tax liability
19
818,154
585,208
(818,154)
(585,208)
Net assets
3,977,820
3,642,862
Capital and reserves
Called up share capital
21
995
995
Capital redemption reserve
22
5
5
Profit and loss reserves
23
3,976,820
3,641,862
Total equity
3,977,820
3,642,862

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 8 December 2025 and are signed on its behalf by:
C M Makin
Director
Company registration number 06252025 (England and Wales)
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Company information

Eagley Plastics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stephanie Works, Chinley, High Peak, SK23 6BT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Eagley Plastics Holdings Limited. These consolidated financial statements are available from its registered office, Stephanie Works, Chinley, Stockport, High Peak, SK23 6BT.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Improvments
6.67% straight line
Fixtures, Fittings and Equipment
6.67% - 25% straight line
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

The company pays into the personal pension schemes of certain employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14

Research and development

Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.

EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Production and sale of plastic building products
9,610,000
10,299,126
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
9,556,972
10,209,528
European Union
43,288
62,253
Rest of world
9,740
27,345
9,610,000
10,299,126
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange gains
(10,818)
(23,657)
Depreciation of owned tangible fixed assets
314,578
267,291
Depreciation of tangible fixed assets held under finance leases
113,255
148,553
Profit on disposal of tangible fixed assets
(7,732)
-
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
20,700
19,500
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Management
4
3
Sales and administration
7
6
Manufacturing and distribution
50
55
Total
61
64

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,951,081
1,884,335
Social security costs
178,532
165,550
Pension costs
42,170
46,198
2,171,783
2,096,083
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
158,000
107,000
8
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
51,794
59,535
Other interest on financial liabilities
10,200
7,710
Interest on finance leases and hire purchase contracts
26,745
24,723
Other interest
12,799
98,467
101,538
190,435
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
9
Taxation
2025
2024
£
£
Deferred tax
Other adjustments
232,946
121,932

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
857,904
454,657
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
214,476
113,664
Tax effect of expenses that are not deductible in determining taxable profit
18,142
8,096
Under/(over) provided in prior years
328
-
0
Deferred tax - including effects of changes in tax rates and laws
-
0
172
Taxation charge for the year
232,946
121,932
10
Discontinued operations
Disposal of Glasgow Trade Counter

During the year, the company entered into a sale agreement to dispose of the Glasgow Trade Counter. The disposal was effected to allow Eagley to concentrate on its core business activities at its site in Chinley, Derbyshire. The sale was completed on 18th April 2024.

A profit of £537,420 arose on the disposal, being the proceeds of the sale, less the carrying amount of the business assets and attributable goodwill. The disposal has been recognised as a discontinued operation and the relevant figures have been presented on page 8.

11
Dividends
2025
2024
£
£
Final paid
290,000
203,500
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
12
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 April 2024
790,839
6,176,313
6,967,152
Additions
1,127
391,736
392,863
Disposals
(1,540)
(141,973)
(143,513)
At 31 March 2025
790,426
6,426,076
7,216,502
Depreciation and impairment
At 1 April 2024
279,997
3,095,801
3,375,798
Depreciation charged in the year
72,992
354,841
427,833
Eliminated in respect of disposals
(864)
(67,882)
(68,746)
At 31 March 2025
352,125
3,382,760
3,734,885
Carrying amount
At 31 March 2025
438,301
3,043,316
3,481,617
At 31 March 2024
510,842
3,080,512
3,591,354

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Fixtures, fittings & equipment
1,754,979
1,614,858
13
Stocks
2025
2024
£
£
Raw materials and consumables
866,250
1,166,267
Finished goods and goods for resale
410,087
527,344
1,276,337
1,693,611
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,875,280
1,638,925
Amounts owed by group undertakings
293,436
288,865
Other debtors
897
53,438
Prepayments and accrued income
288,278
238,541
2,457,891
2,219,769

Trade debtors of £1,875,280 (2024 - £1,638,925) are subject to an invoice discounting facility at the balance sheet date.

15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
17
100,000
100,000
Obligations under finance leases
18
288,240
244,394
Other borrowings
17
1,493,289
1,377,429
Trade creditors
680,689
694,021
Taxation and social security
266,576
221,845
Other creditors
13,750
771,918
Accruals and deferred income
264,038
256,174
3,106,582
3,665,781

Other borrowings include £1,493,289 (20 24 - £1,3 77,429) which relate to an invoice discounting facility which is secured by a fixed and floating charge over certain trade debtors of the company.

16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
8,996
109,596
Obligations under finance leases
18
409,799
410,565
418,795
520,161

EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
17
Loans and overdrafts
2025
2024
£
£
Bank loans
108,996
209,596
Other loans
1,493,289
1,377,429
1,602,285
1,587,025
Payable within one year
1,593,289
1,477,429
Payable after one year
8,996
109,596

18
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
344,756
269,525
In two to five years
449,551
455,885
794,307
725,410
Less: future finance charges
(96,268)
(70,451)
698,039
654,959

Obligations under finance leases are secured on the assets to which they relate.

EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
19
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
ACAs
841,239
841,318
Tax losses
(23,085)
(256,110)
818,154
585,208
2025
Movements in the year:
£
Liability at 1 April 2024
585,208
Charge to profit or loss
232,946
Liability at 31 March 2025
818,154

The deferred tax liability set out above is expected to reverse within 72 months and relates to accelerated capital allowances that are expected to mature within the same period.

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
42,170
46,198

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 10p each
9,950
9,950
995
995
EAGLEY PLASTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
22
Capital redemption reserve
2025
2024
£
£
At the beginning and end of the year
5
5
23
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
3,641,862
3,512,637
Profit for the year
624,958
332,725
Dividends declared and paid in the year
(290,000)
(203,500)
At the end of the year
3,976,820
3,641,862
24
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
338,427
316,996
Years 2-5
282,198
484,126
620,625
801,122

25
Related party transactions

During the year rent totalling £225,000 (20 24 - £225,000) was charged from Vinyl Partners LLP which is owned jointly by C M Makin and M D Makin.

26
Ultimate controlling party

Eagley Plastics Holdings Limited is considered the company's immediate parent company. The registered office of Eagley Plastics Holdings Limited is Stephanie Works, Chinley, Stockport, High Peak, SK23 6BT.

At the balance sheet date, the directors consider that C Makin is the company's ultimate controlling party by virtue of his majority shareholding in Eagley Plastics Holdings L imited.

The smallest and largest group in which the results for Eagley Plastics Limited are consolidated and are publicly available for the current financial year is that headed by Eagley Plastics Holdings L imited.

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