REGISTERED NUMBER: 01188570 (Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LINEAR PLASTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mrs J Bassett

G R Bassett

Mrs R J Bassett-Farrell

SECRETARY:

Mrs J Bassett

REGISTERED OFFICE:

Unit UB2

Off Tonteg Road

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5UA

REGISTERED NUMBER:

01188570 (Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

FIXED ASSETS

Tangible assets

4

2,946,209

2,858,218

CURRENT ASSETS

Stocks

554,527

605,071

Debtors

5

2,838,993

2,682,727

Cash at bank and in hand

751,451

633,935

4,144,971

3,921,733

CREDITORS

Amounts falling due within one year

6

1,541,105

1,301,206

NET CURRENT ASSETS

2,603,866

2,620,527

TOTAL ASSETS LESS CURRENT LIABILITIES

5,550,075

5,478,745

CREDITORS

Amounts falling due after more than one year

7

(35,350

)

(106,215

)

PROVISIONS FOR LIABILITIES

(112,343

)

(62,529

)

NET ASSETS

5,402,382

5,310,001

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

5,402,282

5,309,901

SHAREHOLDERS' FUNDS

5,402,382

5,310,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

G R Bassett - Director

1.	STATUTORY INFORMATION

Linear Plastics Limited is a private company, limited by shares , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants received are amortised over 5 years in line with the depreciation policy of the assets they relate to.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

2,713,319

4,516,738

195,061

384,371

7,809,489

Additions

-

329,677

-

86,373

416,050

Disposals

-

-

-

(66,110

)

(66,110

)

At 31 March 2025

2,713,319

4,846,415

195,061

404,634

8,159,429

DEPRECIATION

At 1 April 2024

433,556

4,080,564

186,464

250,687

4,951,271

Charge for year

54,266

206,790

2,836

64,167

328,059

Eliminated on disposal

-

-

-

(66,110

)

(66,110

)

At 31 March 2025

487,822

4,287,354

189,300

248,744

5,213,220

NET BOOK VALUE

At 31 March 2025

2,225,497

559,061

5,761

155,890

2,946,209

At 31 March 2024

2,279,763

436,174

8,597

133,684

2,858,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,588,249

2,526,730

Other debtors

250,744

155,997

2,838,993

2,682,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

60,871

74,603

Hire purchase contracts

57,475

31,460

Trade creditors

591,118

424,971

Taxation and social security

325,846

352,571

Other creditors

505,795

417,601

1,541,105

1,301,206

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

7,500

17,500

Hire purchase contracts

27,850

88,715

35,350

106,215

8.

RESERVES

Retained

earnings

£

At 1 April 2024

5,309,901

Profit for the year

92,381

At 31 March 2025

5,402,282

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs R J Bassett-Farrell

Balance outstanding at start of year

102,940

-

Amounts advanced

60,000

102,940

Amounts repaid

(50,172

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

112,768

102,940

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Bassett.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Linear Plastics Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Linear Plastics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Linear Plastics Limited and state those matters that we have agreed to state to the Board of Directors of Linear Plastics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Linear Plastics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Linear Plastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Linear Plastics Limited. You consider that Linear Plastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Linear Plastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

9 December 2025