Neat Plastics Ltd - Filleted accounts

Registered number

14736193

Neat Plastics Ltd

Filleted Accounts

31 August 2025

Neat Plastics Ltd
Registered number:		14736193
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		43,134			6,224

Current assets
Stocks		524,760			75,260
Debtors	4	508,344			318,525
Cash at bank and in hand		28,683			28,384
		1,061,787			422,169

Creditors: amounts falling due within one year	5	(840,804)			(386,408)

Net current assets			220,983			35,761

Net assets			264,117			41,985

Capital and reserves
Called up share capital			100			100
Profit and loss account			264,017			41,885

Shareholder's funds			264,117			41,985

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P S Dhillon
Director
Approved by the board on 18 August 2026

Neat Plastics Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	straight line 15%
	Motor vehicles	straight line 20%

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.






2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	7,322		-		7,322
	Additions	39,069		6,000		45,069
	At 31 August 2025	46,391		6,000		52,391

	Depreciation
	At 1 September 2024	1,098		-		1,098
	Charge for the year	6,959		1,200		8,159
	At 31 August 2025	8,057		1,200		9,257

	Net book value
	At 31 August 2025	38,334		4,800		43,134
	At 31 August 2024	6,224		-		6,224


4	Debtors			2025		2024
£					£

	Trade debtors			67,298		89,931
	Other debtors			441,046		228,594
				508,344		318,525


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			69,605		-
	Trade creditors			653,956		326,294
	Taxation and social security costs			97,666		45,893
	Other creditors			19,577		14,221
				840,804		386,408









6	Other information

	Neat Plastics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5 Bilston Industrial Estate
	Oxford Street
	Bilston
	WV14 7EG