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REGISTERED NUMBER: 03221106 (England and Wales)
















KYME PACKAGING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018






KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KYME PACKAGING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: M Emerson
Mrs S Emerson



SECRETARY: Mrs S Emerson



REGISTERED OFFICE: 5 Mill View Road
Ruskington
Lincolnshire
NG34 9EZ



REGISTERED NUMBER: 03221106 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR



BANKERS: National Westminster
4 Northgate
Sleaford
Lincolnshire
NG34 7BF

KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)

STATEMENT OF FINANCIAL POSITION
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,391 20,448

CURRENT ASSETS
Stocks 35,553 40,162
Debtors 5 41,769 35,617
Cash at bank and in hand 1,323 8,795
78,645 84,574
CREDITORS
Amounts falling due within one year 6 53,730 65,749
NET CURRENT ASSETS 24,915 18,825
TOTAL ASSETS LESS CURRENT LIABILITIES 40,306 39,273

CREDITORS
Amounts falling due after more than one year 7 - (694 )

PROVISIONS FOR LIABILITIES (1,886 ) (2,959 )
NET ASSETS 38,420 35,620

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 38,320 35,520
SHAREHOLDERS' FUNDS 38,420 35,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 30 October 2018 and were signed on its behalf by:





M Emerson - Director


KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

Kyme Packaging Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Sales are recognised upon delivery to the customer, or upon collection by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial
Position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligation is charged to the Income Statement over the relevant period. The capital
element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017
and 31 July 2018 55,674
DEPRECIATION
At 1 August 2017 35,226
Charge for year 5,057
At 31 July 2018 40,283
NET BOOK VALUE
At 31 July 2018 15,391
At 31 July 2017 20,448

The net book value of tangible fixed assets includes £ 5,819 (2017 - £ 7,759 ) in respect of assets held under hire
purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 38,426 32,457
Other debtors 3,343 3,160
41,769 35,617

KYME PACKAGING LTD (REGISTERED NUMBER: 03221106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 2,568 -
Hire purchase contracts 694 1,667
Trade creditors 23,816 37,493
Taxation and social security 14,377 15,734
Other creditors 12,275 10,855
53,730 65,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 694

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100