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COMPANY REGISTRATION NUMBER: 04378508

Premier Plastics Thetford Ltd.

Unaudited financial statements

30 November 2025

Premier Plastics Thetford Ltd.

Statement of financial position

30 November 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 172,182 |  | 199,094

Current assets

Stocks | 5,500 |  | 5,500 |
Debtors | 6 | 106,221 |  | 138,599 |
Cash at bank and in hand | 73,071 |  | 77,326 |
| --------- |  | --------- |
| 184,792 |  | 221,425 |

Creditors: Amounts falling due within one year | 7 | ( 114,575) |  | ( 110,431) |
| --------- |  | --------- |
Net current assets |  | 70,217 |  | 110,994
|  | --------- |  | ---------
Total assets less current liabilities |  | 242,399 |  | 310,088

Creditors: Amounts falling due after more than one year | 8 |  | ( 45,125) |  | ( 68,164)

Provisions

Taxation including deferred tax |  | ( 38,001) |  | ( 43,319)
|  | --------- |  | ---------
Net assets |  | 159,273 |  | 198,605
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 159,173 |  | 198,505
|  | --------- |  | ---------
Shareholders funds |  | 159,273 |  | 198,605
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Premier Plastics Thetford Ltd.

Statement of financial position (continued)

30 November 2025
These financial statements were approved by the board of directors and authorised for issue on 9 March 2026 , and are signed on behalf of the board by:

B W Green |
Director |

Company registration number: 04378508

Premier Plastics Thetford Ltd.

Notes to the financial statements

Year ended 30 November 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Saint Helens Court, Fison Way Industrial Estate, Thetford, Norfolk, IP24 1HG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the income statement. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance & 10% straight line
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Computer equipment | - | 25% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 9 (2024: 9 ).
5. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Computer equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 December 2024 | 386,000 | 26,121 | 41,310 | 4,320 | 457,751
Additions | – | 4,595 | – | – | 4,595
| --------- | ------- | ------- | ------ | ---------
At 30 November 2025 | 386,000 | 30,716 | 41,310 | 4,320 | 462,346
| --------- | ------- | ------- | ------ | ---------
Depreciation |  |  |  |  |
At 1 December 2024 | 213,767 | 25,081 | 15,492 | 4,317 | 258,657
Charge for the year | 25,320 | 701 | 5,486 | – | 31,507
| --------- | ------- | ------- | ------ | ---------
At 30 November 2025 | 239,087 | 25,782 | 20,978 | 4,317 | 290,164
| --------- | ------- | ------- | ------ | ---------
Carrying amount |  |  |  |  |
At 30 November 2025 | 146,913 | 4,934 | 20,332 | 3 | 172,182
| --------- | ------- | ------- | ------ | ---------
At 30 November 2024 | 172,233 | 1,040 | 25,818 | 3 | 199,094
| --------- | ------- | ------- | ------ | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 92,897 | 129,160
Other debtors | 13,324 | 9,439
| --------- | ---------
| 106,221 | 138,599
| --------- | ---------

7. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 35,728 | 35,544
Social security and other taxes | 25,033 | 29,858
Other creditors | 53,814 | 45,029
| --------- | ---------
| 114,575 | 110,431
| --------- | ---------

Included in creditors is a hire purchase liability of £23,040 (2024: £30,925) which is secured on the assets involved.
8. Creditors: Amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 45,125 | 68,164
| ------- | -------

Included in creditors is a hire purchase liability of £45,125 (2024: £68,164) which is secured on the assets involved.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 14,742 | 14,742
Later than 1 year and not later than 5 years | 28,835 | 29,448
Later than 5 years | – | 6,749
| ------- | -------
| 43,577 | 50,939
| ------- | -------