D W Plastics Group Ltd - Accounts to registrar (filleted) - small 18.2
D W Plastics Group Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| D W PLASTICS GROUP LTD |
| D W PLASTICS GROUP LTD (REGISTERED NUMBER: 10241438) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| D W PLASTICS GROUP LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Appledram Barns |
| Birdham Road |
| Chichester |
| West Sussex |
| PO20 7EQ |
| D W PLASTICS GROUP LTD (REGISTERED NUMBER: 10241438) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| 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. |
| 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 on |
| D W PLASTICS GROUP LTD (REGISTERED NUMBER: 10241438) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| D W Plastics Group Ltd is a private company, limited by shares, registered in England and Wales. The company's |
| registered office is Factory 7 Chandler Road, Chichester, West Sussex, PO19 8UE. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling (£), which is also the functional currency of the company. |
| Preparation of consolidated financial statements |
| The financial statements contain information about D W Plastics Group Ltd as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company is exempt under Section |
| 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Revenue |
| Revenue described as turnover, represents dividend income. |
| Investments in subsidiaries |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. |
| Financial instruments |
| Financial instruments are classified by the directors as basic following the conditions in FRS 102 Section 1a. Basic |
| financial instruments are recognised at amortised cost using the effective interest method. |
| 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. |
| 3. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| D W PLASTICS GROUP LTD (REGISTERED NUMBER: 10241438) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Factory 7 Chandler Road, Terminus Road Industrial Estate, Chichester, West Sussex, PO19 8UE |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2019 | 2018 |
| £ | £ |
| Aggregate capital and reserves | 3,004,890 |
| Profit for the year | 807,703 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans more 5yrs instal | - | 850,000 |
| 6. | SECURED DEBTS |
| Included in other creditors are two arrangements. |
| The first is a £2,400,000 secured loan taken out on 29th March 2019. The loan is secured by a fixed and floating |
| charge over all of the company's assets and its subsidiary, D.W. Plastics Limited. The loan is fully repayable by |
| 28th March 2024. |
| The second is a secured loan of £250,000 (2018 - £2,350,000) taken out on 1st December 2016. The loan is also |
| secured by a fixed and floating charge over all of the company's assets and its subsidiary, D.W. Plastics Limited. |
| The loan is fully repayable by 1st December 2021. |
| 7. | RELATED PARTY DISCLOSURES |
| At the balance sheet date there was an amount due to D.W. Plastics Limited of £1,067,423 (2018 - £2,421,801). |
| This loan is repayable on demand. No interest was charged on this loan. |