Part Plastik Ltd

FINANCIAL STATEMENTS

for the year ended 31st March 2025

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Part Plastik Ltd

Company No. 11160926

STATEMENT OF FINANCIAL POSITION

as at 31st March 2025

| 2025 |  | 2024
| Note | £ |  | £ |  | £
FIXED ASSETS
Property, plant and equipment | 4 |  |  | 3577701 |  | 3615758
|  |  |  | 3577701 |  | 3615758
CURRENT ASSETS
Cash at bank and in hand |  | 14383 |  |  |  | -
|  | 14383 |  |  |  | -
CURRENT LIABILITIES
Creditors: amounts falling due
within one year | 5 | 845175 |  |  |  | 904182
NET CURRENT LIABILITIES |  |  |  | (830792) |  | (904182)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  | 2746909 |  | 2711576
Creditors: amounts falling due
after more than one year | 6 |  |  | 2271274 |  | 2237664
NET ASSETS |  |  |  | 475635 |  | 473912
CAPITAL AND RESERVES
Called up share capital |  |  |  | 100 |  | 100
Revaluation reserve |  |  |  | 653035 |  | 653035
Retained earnings |  |  |  | (177500) |  | (179223)
SHAREHOLDERS FUNDS |  |  |  | 475635 |  | 473912

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2025 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 6 February 2026

Booth J G

Director

Company Number 11160926 (England)

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Part Plastik Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st March 2025

1 Statutory information

Part Plastik Ltd is a private company limited by shares and registered under company number 11160926 in England. Its registered office address is 63 St Margarets Grove, Twickenham, Middlesex, TW1 1JF.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles | 12% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3 Employee information

The average number of employees during the accounting period was 2 (2024 - 2).

4 Property, plant and equipment
|  |  |  |  |  |  | Fixtures |  |
|  |  |  |  | Land and |  | and |  |
|  |  |  |  | Buildings |  | Fittings |  | Total
|  |  |  |  | £ |  | £ |  | £
Cost
At 1st April 2024 and
At 31st March 2025 |  |  |  |  | 3248615 |  | 382385 |  | 3631000
Depreciation
At 1st April 2024 |  |  |  |  | - |  | 15242 |  | 15242
Charge for year |  |  |  |  | - |  | 38057 |  | 38057
At 31st March 2025 |  |  |  |  | - |  | 53299 |  | 53299
Net Book Value
At 31st March 2025 |  |  |  |  | 3248615 |  | 329086 |  | 3577701
At 31st March 2024 |  |  |  |  | 3248615 |  | 367143 |  | 3615758

If the freehold land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

Freehold and Long leasehold land and buildings: | 2025 |  | 2024
| £ |  | £
Historical cost | 2927965 |  | 2927965
Cumulative depreciation based on historical cost | - |  | -
Net Book Value | 2927965 |  | 2927965

The freehold land and buildings were revalued to £3248615 by the Directors on 31st March 2025, on an open market basis. The directors are not aware of any material change in value since the date of the valuation.

5 Creditors: amounts falling due within one year | 2025 |  | 2024
| £ |  | £
Loans and Overdrafts | 14000 |  | 47610
Other creditors | 829363 |  | 854760
Accruals and deferred income | 1812 |  | 1812
| 845175 |  | 904182

6 Creditors: amounts falling due after one year | 2025 |  | 2024
| £ |  | £
Loans and Overdrafts | 2271274 |  | 2237664
| 2271274 |  | 2237664

7 Loans | 2025 |  | 2024
| £ |  | £
Analysis of maturity of debt:
Within one year | 14000 |  | 47610
Between one and five years | - |  | 150000
After five years | 2271274 |  | 2087664
| 2285274 |  | 2285274

Secured loans | 2271274 |  | 2087664

Loans are secured by debenture

Loan amounts payable after five years can be analysed as follows:
| Repayment Terms | Interest Rate (%) |  |  |
Other Loans | Not by installments | 5 | 2271274 |  | 2087664
|  |  | 2271274 |  | 2087664

8 Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

| 2025 |  | 2024
| £ |  | £
Ashtekar H V | 827768 |  | 853165
Booth J G | 251 |  | 251
| 828019 |  | 853416

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