Anglo Plastics Limited - Filleted accounts

Registered number

02922002

Anglo Plastics Limited

Filleted Accounts

30 April 2026

Anglo Plastics Limited
Registered number:		02922002
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		880,817			598,116
Investments	5		250,000			250,000
			1,130,817			848,116

Current assets
Stocks		173,190			332,295
Debtors	6	135,366			45,863
Cash at bank and in hand		428,645			621,443
		737,201			999,601

Creditors: amounts falling due within one year	7	(206,317)			(220,346)

Net current assets			530,884			779,255

Total assets less current liabilities			1,661,701			1,627,371

Creditors: amounts falling due after more than one year	8		-			(1,378)
Provisions for liabilities			(28,902)			(28,415)


Net assets			1,632,799			1,597,578

Capital and reserves
Called up share capital			2			2
Fair value reserve			95,395			95,395
Profit and loss account			1,537,402			1,502,181
Shareholders' funds			1,632,799			1,597,578

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.

DJ Isaac
Director
Approved by the board on 8 September 2026

Anglo Plastics Limited
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets, 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.

	Investment Property
	Investment properties are carried in the balance sheet at fair value (equivalent to open market value). The directors consider the valuation shown to be a fair market value of this property but no independent external valuation has been done. This asset has not been depreciated.

	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:

	Freehold buildings			1% on cost
	Plant and machinery			25% reducing balance
	Motor Vehicles			25% reducing balance

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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



3	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					12		12


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2025	595,870		123,984		47,025		766,879
	Additions	289,185		-		7,350		296,535
	At 30 April 2026	885,055		123,984		54,375		1,063,414

	Depreciation
	At 1 May 2025	28,035		107,742		32,986		168,763
	Charge for the year	4,426		4,061		5,347		13,834
	At 30 April 2026	32,461		111,803		38,333		182,597

	Net book value
	At 30 April 2026	852,594		12,181		16,042		880,817
	At 30 April 2025	567,835		16,242		14,039		598,116



5	Investments
Investment
property					Other
£					£		£
	Cost
	At 1 May 2025			250,000		-		250,000

	At 30 April 2026			250,000		-		250,000

	Historical cost
	At 1 May 2025			154,605		-
	At 30 April 2026			154,605		-

	This asset has not been depreciated and is being carried at it's fair market value as determined by the directors.


6	Debtors					2026		2025
£							£

	Trade debtors					135,366		45,863


7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					874		9,952
	Trade creditors					81,089		79,621
	Taxation and social security costs					51,991		45,718
	Other creditors					72,363		85,055
						206,317		220,346


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		1,378
						-		1,378





9	Other information

	Anglo Plastics Limited is a private company limited by shares and incorporated in England. Its registered office is:
	New Brumby Industrial Estate
	Rutland Road
	Scunthorpe
	DN16 1HX