Silverfin false false 31/12/2025 01/01/2025 31/12/2025 Nicholas Tom Allen 09/11/2018 Michael Paul Bobby 09/11/2018 Frank Reginald Crawley 09/11/2018 David Jonathan Eyles 09/11/2018 Colin Edward Voller 09/11/2018 01 April 2026 The principal activity of the company during the financial year was that of manufacturing plastic products. 01090829 2025-12-31 01090829 bus:Director1 2025-12-31 01090829 bus:Director2 2025-12-31 01090829 bus:Director3 2025-12-31 01090829 bus:Director4 2025-12-31 01090829 bus:Director5 2025-12-31 01090829 2024-12-31 01090829 core:CurrentFinancialInstruments 2025-12-31 01090829 core:CurrentFinancialInstruments 2024-12-31 01090829 core:Non-currentFinancialInstruments 2025-12-31 01090829 core:Non-currentFinancialInstruments 2024-12-31 01090829 core:ShareCapital 2025-12-31 01090829 core:ShareCapital 2024-12-31 01090829 core:RetainedEarningsAccumulatedLosses 2025-12-31 01090829 core:RetainedEarningsAccumulatedLosses 2024-12-31 01090829 core:LandBuildings 2024-12-31 01090829 core:PlantMachinery 2024-12-31 01090829 core:FurnitureFittings 2024-12-31 01090829 core:LandBuildings 2025-12-31 01090829 core:PlantMachinery 2025-12-31 01090829 core:FurnitureFittings 2025-12-31 01090829 core:ImmediateParent core:CurrentFinancialInstruments 2025-12-31 01090829 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 01090829 core:Non-currentFinancialInstruments 1 2025-12-31 01090829 core:Non-currentFinancialInstruments 1 2024-12-31 01090829 bus:OrdinaryShareClass1 2025-12-31 01090829 2025-01-01 2025-12-31 01090829 bus:FilletedAccounts 2025-01-01 2025-12-31 01090829 bus:SmallEntities 2025-01-01 2025-12-31 01090829 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 01090829 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01090829 bus:Director1 2025-01-01 2025-12-31 01090829 bus:Director2 2025-01-01 2025-12-31 01090829 bus:Director3 2025-01-01 2025-12-31 01090829 bus:Director4 2025-01-01 2025-12-31 01090829 bus:Director5 2025-01-01 2025-12-31 01090829 core:LandBuildings core:TopRangeValue 2025-01-01 2025-12-31 01090829 core:PlantMachinery core:BottomRangeValue 2025-01-01 2025-12-31 01090829 core:PlantMachinery core:TopRangeValue 2025-01-01 2025-12-31 01090829 core:FurnitureFittings core:TopRangeValue 2025-01-01 2025-12-31 01090829 2024-01-01 2024-12-31 01090829 core:LandBuildings 2025-01-01 2025-12-31 01090829 core:PlantMachinery 2025-01-01 2025-12-31 01090829 core:FurnitureFittings 2025-01-01 2025-12-31 01090829 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 01090829 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 01090829 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01090829 (England and Wales)

# WHITE HORSE PLASTICS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

WHITE HORSE PLASTICS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

WHITE HORSE PLASTICS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
WHITE HORSE PLASTICS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 197,949 |  | 210,757
|  | 197,949 |  | 210,757
Current assets |  |  |  |
Stocks |  | 160,649 |  | 153,831
Debtors | 4 | 1,366,055 |  | 1,259,864
Cash at bank and in hand |  | 203,490 |  | 153,519
|  | 1,730,194 |  | 1,567,214
Creditors: amounts falling due within one year | 5 | ( 412,194) |  | ( 361,896)
Net current assets |  | 1,318,000 |  | 1,205,318
Total assets less current liabilities |  | 1,515,949 |  | 1,416,075
Creditors: amounts falling due after more than one year | 6 | ( 85,590) |  | ( 111,926)
Net assets |  | 1,430,359 |  | 1,304,149
Capital and reserves |  |  |  |
Called-up share capital | 7 | 2,010 |  | 2,010
Profit and loss account |  | 1,428,349 |  | 1,302,139
Total shareholder's funds |  | 1,430,359 |  | 1,304,149

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of White Horse Plastics Limited (registered number: 01090829) were approved and authorised for issue by the Board of Directors on 01 April 2026. They were signed on its behalf by:

Nicholas Tom Allen Director |  | Michael Paul Bobby Director

WHITE HORSE PLASTICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
WHITE HORSE PLASTICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

White Horse Plastics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 White Horse Business Park, Stanford In The Vale, Faringdon, SN7 8NY, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings | 5 years straight line
Plant and machinery | 4 - 5 years straight line
Fixtures and fittings | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised 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 receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 33 |  | 30

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 8,219 |  | 1,555,879 |  | 167,489 |  | 1,731,587
Additions | 0 |  | 46,380 |  | 8,620 |  | 55,000
At 31 December 2025 | 8,219 |  | 1,602,259 |  | 176,109 |  | 1,786,587
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 8,219 |  | 1,345,958 |  | 166,653 |  | 1,520,830
Charge for the financial year | 0 |  | 65,627 |  | 2,181 |  | 67,808
At 31 December 2025 | 8,219 |  | 1,411,585 |  | 168,834 |  | 1,588,638
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 0 |  | 190,674 |  | 7,275 |  | 197,949
At 31 December 2024 | 0 |  | 209,921 |  | 836 |  | 210,757

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 271,880 |  | 304,364
Amounts owed by Parent undertakings | 1,024,429 |  | 911,167
Prepayments | 69,746 |  | 44,333
| 1,366,055 |  | 1,259,864

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,000 |  | 10,000
Trade creditors | 169,511 |  | 189,881
Accruals | 125,014 |  | 86,160
Other taxation and social security | 70,704 |  | 30,780
Obligations under finance leases and hire purchase contracts (secured) | 33,201 |  | 39,890
Other creditors | 8,764 |  | 5,185
| 412,194 |  | 361,896

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 5,000
Obligations under finance leases and hire purchase contracts (secured) | 73,725 |  | 106,926
Deferred tax liability | 11,865 |  | 0
| 85,590 |  | 111,926

The hire purchase liability is secured by the assets to which it relates.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2,010 Ordinary shares of £ 1.00 each | 2,010 |  | 2,010

#### 8. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating lease | 359,148 |  | 485,194

Of the commitments, £126,047 (2024: £126,047) is due within 1 year.

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 8,764 |  | 5,185