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COMPANY REGISTRATION NUMBER: 04811305

I M Plastech Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

I M Plastech Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 23,882 | 29,861

Current assets

Stocks | 23,500 | 22,000
Debtors | 6 | 180,729 | 124,473
Cash at bank and in hand | 79,561 | 121,791
| ---------- | ----------
| 283,790 | 268,264

Creditors: amounts falling due within one year | 7 | 132,258 | 105,338
| ---------- | ----------
Net current assets | 151,532 | 162,926
| ---------- | ----------
Total assets less current liabilities | 175,414 | 192,787

Creditors: amounts falling due after more than one year | 8 | 7,423 | 19,675

Provisions

Deferred taxation | 5,214 | 6,543
| ---------- | ----------
Net assets | 162,777 | 166,569
| ---------- | ----------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 162,677 | 166,469
| ---------- | ----------
Shareholders funds | 162,777 | 166,569
| ---------- | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

I M Plastech Limited

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 11 August 2026 , and are signed on behalf of the board by:

I E Hicks |
Director |

Company registration number: 04811305

I M Plastech Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company's trading address is Unit 7, Levellers Lane, Eynesbury, St Neots, Cambridgeshire, PE19 2JL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of value added tax. Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, and the related costs incurred can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction with any gains or losses being recognised in profit or loss.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line
| Fixtures and fittings | - | 20% straight line
| Motor vehicles | - | 25% reducing balance
| Office equipment | - | 33% straight line

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.
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. Lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution pension plans
The company makes contributions to the personal pension schemes of certain employees. The annual contributions payable are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2024: 10 ).
5. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Office equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2025 | 131,989 | 410 | 21,865 | 13,191 | 167,455
Additions | – | – | – | 6,414 | 6,414
Disposals | ( 6,099) | – | – | ( 13,191) | ( 19,290)
| ---------- | ---- | -------- | -------- | ----------
At 31 December 2025 | 125,890 | 410 | 21,865 | 6,414 | 154,579
| ---------- | ---- | -------- | -------- | ----------
Depreciation |  |  |  |  |
At 1 January 2025 | 115,874 | 330 | 8,199 | 13,191 | 137,594
Charge for the year | 7,899 | 80 | 3,417 | 997 | 12,393
Disposals | ( 6,099) | – | – | ( 13,191) | ( 19,290)
| ---------- | ---- | -------- | -------- | ----------
At 31 December 2025 | 117,674 | 410 | 11,616 | 997 | 130,697
| ---------- | ---- | -------- | -------- | ----------
Carrying amount |  |  |  |  |
At 31 December 2025 | 8,216 | – | 10,249 | 5,417 | 23,882
| ---------- | ---- | -------- | -------- | ----------
At 31 December 2024 | 16,115 | 80 | 13,666 | – | 29,861
| ---------- | ---- | -------- | -------- | ----------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 163,959 | 102,190
Other debtors | 16,770 | 22,283
| ---------- | ----------
| 180,729 | 124,473
| ---------- | ----------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 36,777 | 10,354
Trade creditors | 52,922 | 34,917
Social security and other taxes | 33,993 | 45,904
Other creditors | 8,566 | 14,163
| ---------- | ----------
| 132,258 | 105,338
| ---------- | ----------

Included within other creditors is £6,092 (2024: £7,449) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 6,160
Other creditors | 7,423 | 13,515
| ------- | --------
| 7,423 | 19,675
| ------- | --------

Included within other creditors is £7,423 (2024: £13,515) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 5,214 | 6,543
| ------- | -------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 5,214 | 6,543
| ------- | -------

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 36,600 | 36,600
| -------- | --------