REGISTERED NUMBER: 00790770 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

G. S. W. PLASTICS LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs A S Reynolds

Mr K R Gandy

SECRETARY:

Mrs A S Reynolds

REGISTERED OFFICE:

Unit 1, Park Mill

Manchester Road

Mossley

Greater Manchester

OL5 9BQ

REGISTERED NUMBER:

00790770 (England and Wales)

ACCOUNTANTS:

Oldham and Company

Chartered Certified Accountants

3 The Oaks

Hyde

Cheshire

SK14 3SD

SOLICITORS:

Pearson Hinchcliffe LLP

Hollinwood Business Centre

Albert Street

Hollinwood

Greater Manchester

OL8 3QL

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 G. S. W. Plastics Limited for the year ended 30 June 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of G. S. W. 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 G. S. W. Plastics Limited and state those matters that we have agreed to state to the Board of Directors of G. S. W. Plastics Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G. S. W. 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 loss of G. S. W. Plastics Limited. You consider that G. S. W. 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 G. S. W. 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.

Oldham and Company

Chartered Certified Accountants

3 The Oaks

Hyde

Cheshire

SK14 3SD

12 December 2025

FIXED ASSETS

Tangible assets

4

354,163

390,129

CURRENT ASSETS

Stocks

19,250

16,750

Debtors

5

62,787

161,339

Cash at bank and in hand

44,804

50,546

126,841

228,635

CREDITORS

Amounts falling due within one year

6

78,956

168,671

NET CURRENT ASSETS

47,885

59,964

TOTAL ASSETS LESS CURRENT LIABILITIES

402,048

450,093

CREDITORS

Amounts falling due after more than one year

7

(23,548

)

(29,104

)

PROVISIONS FOR LIABILITIES

8

(59,126

)

(72,031

)

NET ASSETS

319,374

348,958

CAPITAL AND RESERVES

Called up share capital

666

666

Revaluation reserve

9

233,196

239,867

Capital redemption reserve

(118,666

)

(118,666

)

Retained earnings

204,178

227,091

SHAREHOLDERS' FUNDS

319,374

348,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 11 December 2025 and were signed on its behalf by:

Mrs A S Reynolds - Director

Mr K R Gandy - Director

1.	STATUTORY INFORMATION

G. S. W. 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 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 10% 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.

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 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

350,000

251,173

601,173

Additions

-

1,060

1,060

Disposals

-

(14,851

)

(14,851

)

At 30 June 2025

350,000

237,382

587,382

DEPRECIATION

At 1 July 2024

35,000

176,044

211,044

Charge for year

7,000

30,023

37,023

Eliminated on disposal

-

(14,848

)

(14,848

)

At 30 June 2025

42,000

191,219

233,219

NET BOOK VALUE

At 30 June 2025

308,000

46,163

354,163

At 30 June 2024

315,000

75,129

390,129

Cost or valuation at 30 June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1991

101,548

-

101,548

Valuation in 2020

215,521

-

215,521

Cost

32,931

237,382

270,313

350,000

237,382

587,382

If land and buildings had not been revalued they would have been included at the following historical cost:

30/6/25

30/6/24

£

£

Cost

32,931

32,931

Aggregate depreciation

16,508

15,849

Value of land in freehold land and buildings

16,423

17,082

Land and buildings were valued on an open market basis on 23 March 2020 by Ryder & Dutton, Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade debtors

54,617

152,505

Other debtors

8,170

8,834

62,787

161,339

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans and overdrafts

5,556

5,419

Trade creditors

46,893

76,986

Taxation and social security

15,582

44,716

Other creditors

10,925

41,550

78,956

168,671

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans

23,548

29,104

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,022

8.	PROVISIONS FOR LIABILITIES

The deferred taxation provision at 1 July 2024 has been restated to reflect a change to the rate of company tax levied, decreasing from the marginal rate applicable for 2023-24 of 21% to the small companies rate applicable for 2024-25 of 19%.

9.

RESERVES

Revaluation

reserve

£

At 1 July 2024

239,867

Movement

(6,671

)

At 30 June 2025

233,196

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30/6/25

30/6/24

£

£

Mrs A S Reynolds and Mr K R Gandy

Balance outstanding at start of year

-

-

Amounts advanced

18,298

-

Amounts repaid

(18,298

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The company rented various industrial units at the Park Mill trading estate situated on Manchester Road Mossley which are owned by it's directors' and a former director. The properties have a rental cost of £23,000 per annum (2024, £37,000 per annum) and are operated under normal commercial terms on a full tenant repairing basis. At the balance sheet date there was no amount outstanding (2024, £3,000).

The company levied interest on the short-term directors' loans made during the year.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2024 - £22,000) were paid to the directors .