REGISTERED NUMBER: |
Northern Polymers & Plastics Ltd |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
REGISTERED NUMBER: |
Northern Polymers & Plastics Ltd |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Northern Polymers & Plastics Ltd |
Company Information |
for the Year Ended 31 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
St Mary's House |
Crewe Road |
Alsager |
Stoke-On-Trent |
ST7 2EW |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Abridged Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Abridged Balance Sheet - continued |
31 October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
Northern Polymers & Plastics Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 Profit and Loss, 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. |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
2. | ACCOUNTING POLICIES - continued |
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 |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2022 |
and 31 October 2023 |
AMORTISATION |
At 1 November 2022 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2022 |
Additions |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 November 2022 | 135 |
Additions | 2 |
At 31 October 2023 | 137 |
NET BOOK VALUE |
At 31 October 2023 | 137 |
At 31 October 2022 | 135 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: The Barn Bangle Farm, Stoney Lane, Chantry, Frome, England, BA11 3LH |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 44 & 44a Quakers Coppice Crewe Gates Industrial Estate, Crewe, Cheshire, CW1 6FA |
Nature of business: |
% |
Class of shares: | holding |
Northern Polymers & Plastics Ltd (Registered number: 04905000) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
6. | FIXED ASSET INVESTMENTS - continued |
Registered office: 44 & 44a Quakers Coppice Crewe Gates Industrial Estate, Crewe, Cheshire, CW1 6FA |
Nature of business: |
% |
Class of shares: | holding |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2023 | 2022 |
£ | £ |
Repayable by instalments |
Other loans more 5yrs instal | - | 47,205 |
8. | RELATED PARTY DISCLOSURES |
2023 | 2022 |
£ | £ |
Directors' loan account |
Balance brought forward | 891 | (815 | ) |
(Capital Introduced)/Drawings | 10,901 | 31,706 |
Dividends | (30,000 | ) |
Balance carried forward | 11,792 | 891 |