I M Plastech Limited Filleted accounts for Companies House (small and micro)

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
	--------	--------