5 Star Plastics Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14716106

5 Star Plastics Ltd

Filleted Unaudited Financial Statements

31 December 2025

5 Star Plastics Ltd

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	152,102	175,644

Current assets

Stocks		920,980	728,819
Debtors	7	580,453	322,910
Cash at bank and in hand		27,605	2,156
		---------------	---------------
		1,529,038	1,053,885

Creditors: amounts falling due within one year	8	785,668	846,009
		---------------	---------------
Net current assets		743,370	207,876
		-----------	-----------
Total assets less current liabilities		895,472	383,520

Provisions

Taxation including deferred tax	9	7,225	6,372
		-----------	-----------
Net assets		888,247	377,148
		-----------	-----------

5 Star Plastics Ltd

Statement of Financial Position (continued)

31 December 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	11	100	100
Profit and loss account	12	888,147	377,048
		-----------	-----------
Shareholders funds		888,247	377,148
		-----------	-----------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

Mr Vinesh Harakhchand Shah

Director

Company registration number: 14716106

5 Star Plastics Ltd

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 Second Floor Park View, Riverside Way, Camberley, GU15 3YL, United Kingdom.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

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.

Income tax

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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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.

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:

	Plant and machinery	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	169,574	99,490
Adjustments in respect of prior periods	22	–
	-----------	----------
Total current tax	169,596	99,490
	-----------	----------

Deferred tax:

Origination and reversal of timing differences	853	6,372
	-----------	-----------
Tax on profit	170,449	105,862
	-----------	-----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	681,548	419,377
	-----------	-----------
Profit on ordinary activities by rate of tax	170,387	104,844
Adjustment to tax charge in respect of prior periods	22	–
Effect of expenses not deductible for tax purposes	63	1,018
Effect of capital allowances and depreciation	( 876)	( 6,372)
Deferred tax movement	853	6,372
	-----------	-----------
Tax on profit	170,449	105,862
	-----------	-----------

6. Tangible assets

	Plant and machinery
	£
Cost
At 1 January 2025	183,225
Additions	3,160
	-----------
At 31 December 2025	186,385
	-----------
Depreciation
At 1 January 2025	7,581
Charge for the year	26,702
	-----------
At 31 December 2025	34,283
	-----------
Carrying amount
At 31 December 2025	152,102
	-----------
At 31 December 2024	175,644
	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	500,872	305,286
Prepayments	17,992	15,719
Other debtors	61,589	1,905
	-----------	-----------
	580,453	322,910
	-----------	-----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	297,507	315,462
Corporation tax	169,574	99,490
Social security and other taxes	76,547	26,463
Accruals	54,998	14,436
Other creditors	186,341	390,158
Pension	701	–
	-----------	-----------
	785,668	846,009
	-----------	-----------

9. Provisions

	Deferred tax (note 10)
	£
At 1 January 2025	6,372
Other movements	853
	--------
At 31 December 2025	7,225
	--------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	7,225	6,372
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	7,225	6,372
	--------	--------

11. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

12. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

13. Related parties

There is a balance of £120,000 (2024: £389,870) for related party balances included within other creditors. There is a balance of £60,965 (2024: £1,281) for related party balances included within other debtors.