D M S Plastics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01705999 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

D M S Plastics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Mumford

P A Draper

REGISTERED OFFICE:

Lingen Road

Ludlow Business Park

Ludlow

Shropshire

SY8 1XD

REGISTERED NUMBER:

01705999 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

879,622

931,489

CURRENT ASSETS

Stocks

174,053

170,697

Debtors

5

193,692

311,874

Cash at bank and in hand

532,581

424,066

900,326

906,637

CREDITORS

Amounts falling due within one year

6

1,027,620

1,249,113

NET CURRENT LIABILITIES

(127,294

)

(342,476

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

752,328

589,013

CREDITORS

Amounts falling due after more than one
year

7

(49,150

)

(61,687

)

PROVISIONS FOR LIABILITIES

(214,500

)

(223,600

)

NET ASSETS

488,678

303,726

CAPITAL AND RESERVES

Called up share capital

1,500

Retained earnings

487,178

302,226

SHAREHOLDERS' FUNDS

488,678

303,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 4 November 2025 and were signed on its behalf by:

P R Mumford - Director

P A Draper - Director

1.	STATUTORY INFORMATION

D M S Plastics 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.

Turnover

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

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at variable rates on reducing balance

Fixtures & computer equipment

-

10% to 25% on cost

Motor vehicles

-

20% on cost

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

& computer

Motor

machinery

equipment

vehicles

Totals

£

COST

At 1 April 2024

2,208,520

248,259

272,703

2,729,482

Additions

-

54,476

Disposals

-

(58,679

)

(58,679

)

At 31 March 2025

2,208,520

248,259

268,500

2,725,279

DEPRECIATION

At 1 April 2024

1,434,755

244,784

118,454

1,797,993

Charge for year

38,688

1,956

48,095

88,739

Eliminated on disposal

-

(41,075

)

(41,075

)

At 31 March 2025

1,473,443

246,740

125,474

1,845,657

NET BOOK VALUE

At 31 March 2025

735,077

1,519

143,026

879,622

At 31 March 2024

773,765

3,475

154,249

931,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

184,847

306,329

Prepayments and accrued income

8,845

5,545

193,692

311,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Hire purchase contracts

18,601

24,313

Trade creditors

140,139

129,168

Amounts owed to group undertakings

261,000

Amounts owed to related undertakings

139,096

15,496

Tax

108,500

88,000

Social security and other taxes

79,442

98,605

Other creditors

266,969

595,080

Directors' loan accounts

1,873

25,451

Accrued expenses

2,000

1,027,620

1,249,113

Other creditors includes £149,439 (2024 - £168,898) due to RBS Invoice Finance Limited.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

4,167

14,167

Hire purchase contracts

44,983

47,520

49,150

61,687

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

14,167

24,167

Hire purchase contracts

63,584

71,833

RBS Invoice Finance Limited

149,439

168,898

227,190

264,898

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

P R Mumford

Balance outstanding at start of year

-

117,487

Amounts advanced

-

73,687

Amounts repaid

-

(191,174

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	RELATED PARTY DISCLOSURES

At 31 March 2025 the directors were owed £1,873 (2024 owed £25,451).

At 31 March 2025 the company owed £261,000 (2024 - £261,000) to Draford Limited.

At 31 March 2025 the company owed £46,496 (2024 - £358,797) to DMS Group Limited, a company

under the control of a shareholder of the parent company.

The company has given a fixed and floating charge over its assets to a director and shareholder of the ultimate parent company, Draford Limited.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company of DMS Plastics Limited is Gaydonfield Associates Limited.

The ultimate parent company is Draford Limited, a company with a registered office address at Church Court, Stourbridge Road, Halesowen, West Midlands B63 3TT.