Norton Plastics Limited

Norton Plastics limited, based in Ilkeston, UK, is a small, active company with a real registered address and a single director, Stephen Moore, at the helm. Founded in 2013, the company employs twelve people and holds £580,000 in assets. It’s a private limited company, and its accounts are filleted, meaning they’re simplified for public viewing. The company’s registered office is located on Belfield Street, and the accounts were authorised for issue on July 23, 024.

The company's website is not actively used for e-commerce, but it does provide information about the business. It appears to focus on the plastics industry, though a precise description of its principal activities is missing from the report. The accounts state that the company operates under the historical cost convention and uses a 10% straight-line depreciation rate for furniture fittings, a 2% rate for land and buildings, and a 10% rate for plant machinery.

Financially, Norton Plastics limited presents a mixed picture. Cash reserves have increased dramatically, jumping 180% to a healthy £120,000. Current assets are up 49% to £520,000, and net assets have grown by 19% to £580,000. Debtors have increased by 15% to £240,000, which could indicate expanding sales, but bank borrowings have decreased by 13% to £140,000. Creditors have also decreased by 9.2% to £150,000. Interestingly, retained earnings accumulated losses have increased by 27% to £430,000.

The company's small size means it’s exempt from an audit, and the accounts are unaudited. The accounts were prepared using Taxfiler software. While the increase in cash and assets is encouraging, the rise in debtors should be monitored to ensure timely payments. The company’s accounts comply with FRS 102 Section 1A, and the directors acknowledge their responsibilities for accounting records.

Registered in England/Wales under the registration number 00372302, with a registered address at DE7 8DU, England, Ilkeston, Unit 2 Belfield Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.