Advanced Plastics (Intermediate 1) Limit - Accounts to registrar (filleted)

REGISTERED NUMBER: 06812549 (England and Wales)

Advanced Plastics (Intermediate 1)

Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Anderson

C J Pearson

J Heasty

L Arand

M Spence

P I Tyler

REGISTERED OFFICE:

28 Standard Way

Fareham Industrial Park

Fareham

Hampshire

PO16 8XG

REGISTERED NUMBER:

06812549 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Investments

4

105

CURRENT ASSETS

Debtors

5

1,257,142

2,512,551

Cash at bank

161

67,521

1,257,303

2,580,072

CREDITORS

Amounts falling due within one year

6

1,255,589

2,020,358

NET CURRENT ASSETS

1,714

559,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,819

559,819

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

8

1,619

559,619

SHAREHOLDERS' FUNDS

1,819

559,819

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2026 and were signed on its behalf by:

R J Anderson - Director

C J Pearson - Director

1.	STATUTORY INFORMATION

Advanced Plastics (Intermediate 1) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Advanced Plastics (Intermediate 1) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Advanced Plastics Group Limited, Bergen Way, Sutton Fields, Hull, East Yorkshire, HU7 0YQ.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The directors have performed a robust assessment of the company's ability to continue as a going concern, considering the principal risks and uncertainties facing the business, including those specific to the plastic products manufacturing sector, such as fluctuations in raw material prices, supply chain disruptions, and demand volatility.

This assessment included but was not limited to:

Forecasts and business plans for the four year period to 31st December 2029.

Review of cash flow forecasts which demonstrate sufficient liquidity to meet the company's obligations as they fall due.

Analysis of current and projected financial performance, including sales order books and customer contracts.

Evaluation of the company's access to external financing if required, and testing against covenants to ensure that sufficient headroom exists without breach.

The directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.

They reasonably expect the company to have adequate resources to continue in operational existence for 12 months from the date these financial statements were approved, and therefore, have prepared the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

105

NET BOOK VALUE

At 31st December 2025

105

At 31st December 2024

105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

1,257,142

2,512,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

1,255,589

2,020,358

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

200

Ordinary

£1

200

8.

RESERVES

Retained

earnings

£

At 1st January 2025

559,619

Profit for the year

2,067,000

Dividends

(2,625,000

)

At 31st December 2025

1,619

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Bramall BSc FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

10.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Advanced Plastics Group Limited, within whose group accounts the results of the company are consolidated.

The consolidated financial statements of the group are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party is the Advanced Plastics Group Employee Ownership Trust.