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Registration number: 01782957

U.B. Plastics Limited
Filleted Financial Statements
for the Year Ended 31 March 2026

U.B. Plastics Limited

(Registration number: 01782957)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 4,960 | 4,960
Tangible assets | 5 | 1,219,532 | 1,308,863
|  | 1,224,492 | 1,313,823
Current assets |  |  |
Stocks | 6 | 415,602 | 304,455
Debtors | 7 | 1,211,518 | 931,147
Cash at bank and in hand |  | 29,792 | 33,557
|  | 1,656,912 | 1,269,159
Creditors: Amounts falling due within one year | 8 | (502,873) | (594,370)
Net current assets |  | 1,154,039 | 674,789
Total assets less current liabilities |  | 2,378,531 | 1,988,612
Provisions for liabilities |  | (266,098) | (281,550)
Net assets |  | 2,112,433 | 1,707,062
Capital and reserves |  |  |
Called up share capital | 9 | 4,900 | 4,900
Share premium reserve |  | 22,121 | 22,121
Capital redemption reserve |  | 1,200 | 1,200
Revaluation reserve |  | 658,758 | 658,758
Retained earnings |  | 1,425,454 | 1,020,083
Shareholders' funds |  | 2,112,433 | 1,707,062

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:

......................................... Mr P Thurston Director
......................................... Mr TJ Franklin Director

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Centenary Works
Little Burton West
Burton On Trent
Staffordshire
DE14 1PP

These financial statements were authorised for issue by the Board on 23 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17 (d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b)and 12.29A;
- the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirement of paragraph 33.7.

Name of parent of group

These financial statements are consolidated in the financial statements of Sherwood Stainless and Aluminium Ltd.

The financial statements of Sherwood Stainless and Aluminium Ltd may be obtained from Companies House
Crown Way
Cardiff
CF14 3UZ.

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 23 June 2026 was Mark Jordan FCA, who signed for and on behalf of Jordan & Company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Asset class | Depreciation method and rate
Freehold property | 2% straight line
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance
Fixtures and fittings | 25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 42 (2025 - 46).

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 April 2025 | 4,960 | 4,960
At 31 March 2026 | 4,960 | 4,960
Amortisation
Carrying amount
At 31 March 2026 | 4,960 | 4,960
At 31 March 2025 | 4,960 | 4,960

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £
Cost or valuation
At 1 April 2025 | 1,276,535 | 30,327 | 2,873,727 | 35,530
Additions | - | - | 1,493 | -
At 31 March 2026 | 1,276,535 | 30,327 | 2,875,220 | 35,530
Depreciation
At 1 April 2025 | 227,597 | 16,071 | 2,643,057 | 20,531
Charge for the year | 25,531 | 3,564 | 57,979 | 3,750
At 31 March 2026 | 253,128 | 19,635 | 2,701,036 | 24,281
Carrying amount
At 31 March 2026 | 1,023,407 | 10,692 | 174,184 | 11,249
At 31 March 2025 | 1,048,938 | 14,256 | 230,670 | 14,999

| Total £
Cost or valuation
At 1 April 2025 | 4,216,119
Additions | 1,493
At 31 March 2026 | 4,217,612
Depreciation
At 1 April 2025 | 2,907,256
Charge for the year | 90,824
At 31 March 2026 | 2,998,080
Carrying amount
At 31 March 2026 | 1,219,532
At 31 March 2025 | 1,308,863

Included within the net book value of land and buildings above is £1,023,407 (2025 - £1,048,939) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Land and buildings was revalued on 10 January 2023 by an independent valuer.

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

6 | Stocks

| 2026 £ | 2025 £
Other inventories | 415,602 | 304,455

7 | Debtors

Current | Note | 2026 £ | 2025 £
Trade debtors |  | 585,336 | 736,019
Amounts owed by related parties |  | 622,278 | 194,003
Prepayments |  | 3,904 | 1,125
|  | 1,211,518 | 931,147

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 10 | 46,742 | 86,253
Trade creditors |  | 152,983 | 248,843
Taxation and social security |  | 244,149 | 208,722
Accruals and deferred income |  | 41,371 | 29,268
Other creditors |  | 17,628 | 21,284
|  | 502,873 | 594,370

U.B. Plastics Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary A Shares of £1 each | 2,450 | 2,450 | 2,450 | 2,450
Ordinary B Shares of £1 each | 2,450 | 2,450 | 2,450 | 2,450
| 4,900 | 4,900 | 4,900 | 4,900

10 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | - | 2,860
Other borrowings | 46,742 | 83,393
| 46,742 | 86,253

11 | Parent and ultimate parent undertaking

The ultimate parent is Sherwood Stainless and Aluminium Ltd, incorporated in England and Wales.