COMPANY REGISTRATION NUMBER:
07515596
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 March 2026
Fixed assets
|
Tangible assets |
5 |
|
4,598 |
8,654 |
|
|
|
|
|
Current assets
|
Stocks |
75,813 |
|
94,563 |
|
Debtors |
23,756 |
|
23,058 |
|
Cash at bank and in hand |
2,274 |
|
42,122 |
|
--------- |
|
--------- |
|
101,843 |
|
159,743 |
|
|
|
|
|
Creditors: amounts falling due within one year |
311,011 |
|
297,904 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
209,168 |
138,161 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
(
204,570) |
(
129,507) |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
|
43,403 |
78,530 |
|
|
--------- |
--------- |
|
Net liabilities |
|
(
247,973) |
(
208,037) |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
248,073) |
(
208,137) |
|
|
--------- |
--------- |
|
Shareholders deficit |
|
(
247,973) |
(
208,037) |
|
|
--------- |
--------- |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.
|
Abridged Statement of Financial Position (continued) |
|
31 March 2026
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 October 2026
, and are signed on behalf of the board by:
Company registration number:
07515596
|
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Plastic Bottles Co, Unit 1f, Cross Lane, Ulverston, LA12 9DQ.
2.
Statement of compliance
These abridged 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 abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis as the company continues to have the support of its directors and creditors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Leasehold property improvements |
- |
10% straight line |
|
Fixtures, fittings and equipment |
- |
20% straight line |
|
Computer equipment |
- |
33% straight line |
|
Website development |
- |
33% straight line |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to its present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2025:
8
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2025 and 31 March 2026 |
155,964 |
|
--------- |
|
Depreciation |
|
|
At 1 April 2025 |
147,310 |
|
Charge for the year |
4,056 |
|
--------- |
|
At 31 March 2026 |
151,366 |
|
--------- |
|
Carrying amount |
|
|
At 31 March 2026 |
4,598 |
|
--------- |
|
At 31 March 2025 |
8,654 |
|
--------- |
|
|
6.
Creditors:
amounts falling due after more than one year
Bank loans of £34,722 (2025: £51,389) are secured by fixed and floating charge over the assets of the company.
Business loans of £44,586 (2025: £63,826) are secured by a director's personal guarantee.
Business loans of £10,000 (2025: £72,512) are secured by assets of the company.