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REGISTERED NUMBER: NI045581 (Northern Ireland)















ACTIVE PACKAGING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022






ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACTIVE PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Christopher Gordon Bloomfield
Gary Wallace





REGISTERED OFFICE: Unit A3 Omagh Enterprise Company
Gortrush Industrial Estate
Great Northern Road
Co Tyrone
BT78 5LU





REGISTERED NUMBER: NI045581 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 31,961 16,975
31,961 16,975

CURRENT ASSETS
Inventories - 22,609
Receivables 7 1,296,390 1,713,064
Cash at bank and in hand 880,647 1,941,225
2,177,037 3,676,898
PAYABLES
Amounts falling due within one year 8 (1,154,555 ) (1,399,310 )
NET CURRENT ASSETS 1,022,482 2,277,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,443

2,294,563

PROVISIONS FOR LIABILITIES (4,288 ) (3,225 )
NET ASSETS 1,050,155 2,291,338

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,050,151 2,291,334
1,050,155 2,291,338

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 2 August 2022 and were signed on its behalf by:




Christopher Gordon Bloomfield - Director



Gary Wallace - Director


ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Active Packaging Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 20% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 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.

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.

ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. ACCOUNTING POLICIES - continued

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 April 2021
and 31 March 2022 12,458
AMORTISATION
At 1 April 2021
and 31 March 2022 12,458
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 April 2021 62,777 - 62,777
Additions 11,234 11,458 22,692
At 31 March 2022 74,011 11,458 85,469
DEPRECIATION
At 1 April 2021 45,802 - 45,802
Charge for year 6,097 1,609 7,706
At 31 March 2022 51,899 1,609 53,508
NET BOOK VALUE
At 31 March 2022 22,112 9,849 31,961
At 31 March 2021 16,975 - 16,975

ACTIVE PACKAGING LIMITED (REGISTERED NUMBER: NI045581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. RECEIVABLES
2022 2021
£ £
Trade receivables 1,090,940 1,360,119
Amounts owed by group undertakings 205,150 351,902
Other receivables 300 1,043
1,296,390 1,713,064

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 2 -
Trade payables 980,679 1,115,802
Taxation and social security 167,705 277,144
Other payables 6,169 6,364
1,154,555 1,399,310