REGISTERED NUMBER: 03324004 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bosworth Plastics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Robertshaw

G A Jakes

REGISTERED OFFICE:

Unit K, Radius Court

Tungsten Park

Off Coventry Road

Hinckley

Leicestershire

LE10 3BE

REGISTERED NUMBER:

03324004 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

5,705

5,528

Tangible assets

5

66,103

87,199

Investments

6

20,000

20,000

91,808

112,727

CURRENT ASSETS

Stocks

14,464

5,578

Debtors

7

130,855

55,220

Cash at bank and in hand

153,665

271,577

298,984

332,375

CREDITORS

Amounts falling due within one year

8

(74,359

)

(54,143

)

NET CURRENT ASSETS

224,625

278,232

TOTAL ASSETS LESS CURRENT LIABILITIES

316,433

390,959

CREDITORS

Amounts falling due after more than one year

9

(1,555

)

(11,786

)

PROVISIONS FOR LIABILITIES

(16,526

)

(21,634

)

NET ASSETS

298,352

357,539

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

297,752

356,939

SHAREHOLDERS' FUNDS

298,352

357,539

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

G A Jakes - Director

1.	STATUTORY INFORMATION

Bosworth Plastics Limited is a private company, limited by shares , registered in England and 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Improvements to leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

192,940

Additions

1,674

At 31 March 2025

194,614

AMORTISATION

At 1 April 2024

187,412

Amortisation for year

1,497

At 31 March 2025

188,909

NET BOOK VALUE

At 31 March 2025

5,705

At 31 March 2024

5,528

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

45,022

427,824

37,265

DEPRECIATION

At 1 April 2024

42,945

350,195

30,089

Charge for year

533

19,407

1,077

At 31 March 2025

43,478

369,602

31,166

NET BOOK VALUE

At 31 March 2025

1,544

58,222

6,099

At 31 March 2024

2,077

77,629

7,176

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

14,218

7,079

531,408

DEPRECIATION

At 1 April 2024

13,901

7,079

444,209

Charge for year

79

-

21,096

At 31 March 2025

13,980

7,079

465,305

NET BOOK VALUE

At 31 March 2025

238

-

66,103

At 31 March 2024

317

-

87,199

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

20,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

121,134

44,887

Other debtors

9,721

10,333

130,855

55,220

Other debtors includes prepayments of £9,104 (2024 £9,715).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

34,410

21,783

Taxation and social security

20,653

14,376

Other creditors

8,648

7,336

74,359

54,143

Other creditors includes accruals of £7,883 (2024 £6,125).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,555

11,786

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet at 31 March 2025 is £89,355 (2024: £169,055).