REGISTERED NUMBER: 06854159 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Plastexe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Innalls

REGISTERED OFFICE:

Unit 21 Apple Lane

Exeter

Devon

EX2 5GL

REGISTERED NUMBER:

06854159 (England and Wales)

ACCOUNTANTS:

Blue Sky

Chartered Accountants

The Old Dairy

Cadhay

Ottery St Mary

Devon

EX11 1QT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

103,032

122,777

103,032

122,777

CURRENT ASSETS

Stocks

91,055

80,286

Debtors

6

166,723

188,168

Cash at bank and in hand

121,436

112,155

379,214

380,609

CREDITORS

Amounts falling due within one year

7

401,656

364,759

NET CURRENT (LIABILITIES)/ASSETS

(22,442

)

15,850

TOTAL ASSETS LESS CURRENT LIABILITIES

80,590

138,627

CREDITORS

Amounts falling due after more than one year

8

(11,180

)

(53,286

)

PROVISIONS FOR LIABILITIES

(20,266

)

(17,997

)

NET ASSETS

49,144

67,344

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

49,054

67,254

SHAREHOLDERS' FUNDS

49,144

67,344

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 director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

M Innalls - Director

1.	Statutory information

Plastexe 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.

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 represents net invoices sales of plastic, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors 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 initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 9 (2024 - 8 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

50,000

Amortisation

At 1 April 2024

and 31 March 2025

50,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

161,056

93,158

7,230

261,444

Additions

-

-

495

495

Disposals

-

(13,250

)

-

(13,250

)

At 31 March 2025

161,056

79,908

7,725

248,689

Depreciation

At 1 April 2024

94,452

37,711

6,504

138,667

Charge for year

11,213

8,225

168

19,606

Eliminated on disposal

-

(12,616

)

-

(12,616

)

At 31 March 2025

105,665

33,320

6,672

145,657

Net book value

At 31 March 2025

55,391

46,588

1,053

103,032

At 31 March 2024

66,604

55,447

726

122,777

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

160,341

177,723

Other debtors

6,382

10,445

166,723

188,168

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

22,727

22,727

Hire purchase contracts

19,379

21,123

Trade creditors

204,531

164,634

Taxation and social security

35,101

24,559

Other creditors

119,918

131,716

401,656

364,759

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

1,894

24,621

Hire purchase contracts

9,286

28,665

11,180

53,286