REGISTERED NUMBER: 07718277 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2026

FOR

HEYSIDE PLASTICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Pryce

M S Pryce

REGISTERED OFFICE:

Unit 5

Laurels Trading Estate

Meek Street

Oldham

OL2 6HL

REGISTERED NUMBER:

07718277 (England and Wales)

ACCOUNTANTS:

Strathmore Accountants Limited

3rd Floor, Ivy Mill,

Crown Street,

Failsworth

Manchester

M35 9BG

FIXED ASSETS

Tangible assets

4

6,103,996

5,372,080

CURRENT ASSETS

Stocks

478,120

564,954

Debtors

5

2,062,087

1,229,684

Cash at bank

311,086

293,877

2,851,293

2,088,515

CREDITORS

Amounts falling due within one year

6

(3,915,908

)

(3,085,017

)

NET CURRENT LIABILITIES

(1,064,615

)

(996,502

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,039,381

4,375,578

CREDITORS

Amounts falling due after more than one year

7

(1,377,822

)

(1,205,083

)

PROVISIONS FOR LIABILITIES

(898,518

)

(754,188

)

NET ASSETS

2,763,041

2,416,307

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,763,037

2,416,303

SHAREHOLDERS' FUNDS

2,763,041

2,416,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 29 October 2026 and were signed on its behalf by:

M J Pryce - Director

1.	STATUTORY INFORMATION

Heyside Plastics Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance, 10% on reducing balance and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs comprise those costs incurred by the company in bringing stocks to the location and condition intended by management and are calculated on a first-in first-out basis.

Financial instruments

Basic financial instrument transactions are entered into that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Borrowing costs are recognised within finance costs in the profit or loss in the period in which they are incurred. These costs include interest expense calculated using the effective interest method and finance charges in respect of finance leases.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Invoice discounting

The company uses an invoice discounting facility as a source of short-term finance. The debtors subject to this arrangement remain recognised on the balance sheet as the company retains the primary responsibility for collection and bears the majority of the risks and rewards associated with these receivables. The amounts advanced by the finance provider are treated as a current financial liability and recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2025

7,641,849

Additions

1,399,226

Disposals

(123,491

)

At 31 July 2026

8,917,584

DEPRECIATION

At 1 August 2025

2,269,769

Charge for year

628,364

Eliminated on disposal

(84,545

)

At 31 July 2026

2,813,588

NET BOOK VALUE

At 31 July 2026

6,103,996

At 31 July 2025

5,372,080

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2025

5,930,062

Additions

54,750

Disposals

(123,491

)

Transfer to ownership

(2,454,720

)

At 31 July 2026

3,406,601

DEPRECIATION

At 1 August 2025

1,518,677

Charge for year

288,309

Eliminated on disposal

(84,545

)

Transfer to ownership

(910,938

)

At 31 July 2026

811,503

NET BOOK VALUE

At 31 July 2026

2,595,098

At 31 July 2025

4,411,385

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,649,702

1,191,286

Other debtors

412,385

38,398

2,062,087

1,229,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

567,967

443,698

Hire purchase contracts

557,551

790,585

Trade creditors

1,996,475

914,337

Taxation and social security

140,707

410,731

Other creditors

653,208

525,666

3,915,908

3,085,017

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

6,511

Hire purchase contracts

666,155

1,198,572

Other creditors

711,667

-

1,377,822

1,205,083