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Registered number
10144851
Expert Packaging Limited
Unaudited Accounts
for the year ended
30 April 2022
Expert Packaging Limited
Balance Sheet
as at 30 April 2022
Notes
2022
£
2021
£
Fixed assets
Tangible assets 3 91,960 39,379
91,960 39,379
Current assets
Stocks 239,368 198,198
Debtors 4 935,610 521,809
Cash at bank and in hand 835,468 531,982
2,010,446 1,251,989
Creditors: amounts falling due within one year 5 (1,278,430) (809,361)
Net current assets / (liabilities) 732,016 442,628
Total assets less current liabilities 823,976 482,007
Creditors: amounts falling due after more than one year 6 (126,869) (100,000)
Provisions for liabilities (0) (0)
Accruals and deferred income (3,039) (18,550)
Total net assets (liabilities) 694,068 363,457
Capital and reserves
Called up share capital 7 300 300
Profit and loss account 693,768 363,157
Shareholders' funds 694,068 363,457

Expert Packaging Limited
Balance Sheet
as at 30 April 2022



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr M Platt

Director


Approved by the board on 7 September 2022

Company Number: 10144851 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

193a Ashley Road
Hale
Altrincham
WA15 9SQ
England

Expert Packaging Limited
Notes to the Accounts
for the year ended 30 April 2022

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Plant & machinery 25% Reducing Balance
Vehicles, plant & machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Employees
2022 2021
Average number of employees during the period 9 8

3. Tangible fixed assets
Plant & machinery Vehicles, plant & machinery Total
Cost or valuation £ £ £
At 1 May 2021 19,000 55,275 74,275
Additions 0 86,022 86,022
Disposals (0) (17,800) (17,800)
At 30 April 2022 19,000 123,497 142,497
Depreciation
At 1 May 2021 7,126 27,770 34,896
Charge for the period 2,969 23,932 26,901
On disposals (0) (11,260) (11,260)
At 30 April 2022 10,095 40,442 50,537
Net book value
At 30 April 2022 8,905 83,055 91,960
At 30 April 2021 11,874 27,505 39,379

4. Debtors
2022 2021
£ £
Trade debtors 935,610 520,585
Other debtors 0 1,224
935,610 521,809

5. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 1,131,208 727,563
Taxation & social security 116,487 72,441
Other creditors 30,735 9,357
1,278,430 809,361

6. Creditors: amounts falling due after one year
2022 2021
£ £
Bank Loans & overdrafts 126,869 100,000
126,869 100,000

7. Share capital
2022 2021
£ £
Allotted, called up and fully paid:
100 (2021: 100) A Ordinary shares of £1.00 each 100 100
Allotted, called up and fully paid:
100 (2021: 100) B Ordinary shares of £1.00 each 100 100
Allotted, called up and fully paid:
100 (2021: 100) C Ordinary shares of £1.00 each 100 100
300 300