DIRECTFORM PLASTICS LIMITED

Company Registration Number:
04422752 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2026

Period of accounts

Start date: 01 May 2025

End date: 30 April 2026

DIRECTFORM PLASTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2026

Balance sheet
Notes

DIRECTFORM PLASTICS LIMITED

Balance sheet

As at 30 April 2026


Notes
2026
2025


£
£
Fixed assets
Tangible assets: 3 239,536 245,600
Total fixed assets: 239,536 245,600
Current assets
Stocks: 170,000 130,000
Debtors: 4 591,070 450,358
Cash at bank and in hand: 298,409 473,820
Total current assets: 1,059,479 1,054,178
Creditors: amounts falling due within one year: 5 (535,080) (527,002)
Net current assets (liabilities): 524,399 527,176
Total assets less current liabilities: 763,935 772,776
Creditors: amounts falling due after more than one year: 6   (14,685)
Provision for liabilities: (48,234) (49,007)
Total net assets (liabilities): 715,701 709,084
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 715,699 709,082
Shareholders funds: 715,701 709,084

The notes form part of these financial statements

DIRECTFORM PLASTICS LIMITED

Balance sheet statements

For the year ending 30 April 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 July 2026
and signed on behalf of the board by:

Name: B Canning
Status: Director

The notes form part of these financial statements

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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.

Tangible fixed assets and depreciation policy

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. 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-15% reducing balance

Valuation and information policy

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.

Other accounting policies

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. Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

2. Employees

2026 2025
Average number of employees during the period 15 12

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

3. Tangible Assets

Total
Cost £
At 01 May 2025 597,276
Additions 36,207
At 30 April 2026 633,483
Depreciation
At 01 May 2025 351,676
Charge for year 42,271
At 30 April 2026 393,947
Net book value
At 30 April 2026 239,536
At 30 April 2025 245,600

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

4. Debtors

2026 2025
££
Debtors due after more than one year: 0 0

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

5. Creditors: amounts falling due within one year note

2026 2025 Bank loans 1818 22810 Trade creditors 471415 382425 Corporation tax 61638 121640 Other creditors 209 127 Total 535080 527002

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

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

2026 2025 Bank loans - 14685

DIRECTFORM PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

7. Related party transactions

Name of the related party: Panels Direct Ltd
Relationship:
Related company
Description of the Transaction: Sale of goods
£
Balance at 01 May 2025 137,435
Balance at 30 April 2026 133,790
Name of the related party: Panels Direct Ltd
Relationship:
Related company
Description of the Transaction: Purchase of goods
£
Balance at 01 May 2025 42,491
Balance at 30 April 2026 41,570