REGISTERED NUMBER: 03967626 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

UNITED POLYMERS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

37,792

41,385

Tangible assets

5

300,495

54,026

338,287

95,411

CURRENT ASSETS

Stocks

2,534,177

2,939,661

Debtors

6

2,796,748

3,079,451

Cash at bank

73,323

64,459

5,404,248

6,083,571

CREDITORS

Amounts falling due within one year

7

2,158,455

2,448,377

NET CURRENT ASSETS

3,245,793

3,635,194

TOTAL ASSETS LESS CURRENT LIABILITIES

3,584,080

3,730,605

PROVISIONS FOR LIABILITIES

59,752

13,507

NET ASSETS

3,524,328

3,717,098

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,524,228

3,716,998

SHAREHOLDERS' FUNDS

3,524,328

3,717,098

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 21 May 2026 and were signed by:

Balraj Sanghera - Director

1.	STATUTORY INFORMATION

United Polymers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03967626

Registered office:

4 Station Avenue

Tile Hill

Coventry

West Midlands

CV4 9HS

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.

Intangible assets

Intangible assets are being amortised over their expected useful life of 20 years on a straight line basis.

Tangible fixed assets

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

Fixtures & Fittings = 15% reducing balance

Motor Vehicles = 25% reducing balance

Computer Equipment = 25% 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.

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 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

71,863

AMORTISATION

At 1 June 2024

30,478

Charge for year

3,593

At 31 May 2025

34,071

NET BOOK VALUE

At 31 May 2025

37,792

At 31 May 2024

41,385

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

94,207

Additions

308,693

At 31 May 2025

402,900

DEPRECIATION

At 1 June 2024

40,181

Charge for year

62,224

At 31 May 2025

102,405

NET BOOK VALUE

At 31 May 2025

300,495

At 31 May 2024

54,026

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,761,887

3,015,794

Other debtors

34,861

63,657

2,796,748

3,079,451

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,775

10,271

Trade creditors

596,807

849,956

Taxation and social security

432,119

268,136

Other creditors

1,100,754

1,320,014

2,158,455

2,448,377

As of 31.05.2025, trade debtors of £2,761,887 were subject to an invoice discounting arrangement. The associated liability of £706,141 is included in other creditors due within one year.

8.	FIXED AND FLOATING CHARGE

Persons entitled

The Royal Bank of Scotland Commercial Services Limited.

Amount secured

All monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge.

Short particulars

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kulwinder Singh Chawla (Senior Statutory Auditor)

for and on behalf of Brindleys Limited

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Director Loan Account is a creditor £44,901 (£50,333 Creditor in 2024)

Dividends issued during the period = £116,500 (£130,400 in 2024)

11.	RELATED PARTY DISCLOSURES

United Polymers Limited are guarantors for the sum of £1,000,000 for Brass Properties Limited (07556662) in relation to the purchase of 64 Bayton Road, Bayton Road Industrial Estate, Exhall, Coventry, CV4 8AQ.

The creditor of £319,545 (£46,157 debtor in 2024) is due to Brass Properties Limited and there are no terms attached to transactions with Brass Properties Ltd

Brass Properties Ltd charged rent of £200,000 to United Polymers Ltd during the year (£200,000 in 2024).