ASG Polymers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13216295 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ASG Polymers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Baliana

R P Breakwell

C Jones

C Tighe

REGISTERED OFFICE:

Polymer Works

Hope Street

Dudley

West Midlands

DY2 8RS

REGISTERED NUMBER:

13216295 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Investments

4

5,954,117

CURRENT ASSETS

Debtors

5

1,329

2,393

Cash at bank

5,509

9,812

6,838

12,205

CREDITORS

Amounts falling due within one year

6

1,235,644

1,790,892

NET CURRENT LIABILITIES

(1,228,806

)

(1,778,687

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,725,311

4,175,430

CREDITORS

Amounts falling due after more than one
year

7

79,763

398,813

NET ASSETS

4,645,548

3,776,617

CAPITAL AND RESERVES

Called up share capital

8

1,430

Share premium

2,078,320

Retained earnings

2,565,798

1,696,867

SHAREHOLDERS' FUNDS

4,645,548

3,776,617

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 17 December 2025 and were signed on its behalf by:

R P Breakwell - Director

P S Baliana - Director

C Jones - Director

C Tighe - Director

1.	STATUTORY INFORMATION

ASG Polymers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

5,954,117

NET BOOK VALUE

At 31 March 2025

5,954,117

At 31 March 2024

5,954,117

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Advanced Seals and Gaskets Holdings Limited

Registered office: Polymer Court, Hope Street, Dudley, West Midlands, DY2 8RS

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

1,329

2,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Corporation tax

-

38

VAT

957

1,595

Loan notes

319,050

Loan with associated company

910,000

1,464,307

Accrued expenses

5,637

5,902

1,235,644

1,790,892

Other creditors due within one year include a loan from the subsidiary company, Advanced Seals and Gaskets Limited in the sum of £910,000 (2024 - £1,464,307).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Loan notes

79,763

398,813

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

152

Ordinary 'A' shares

£1

152

1,278

Ordinary 'B' shares

£1

1,278

1,430

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.