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REGISTERED NUMBER: 05434791 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 30 April 2022

for

Cellpak Solutions Ltd

Cellpak Solutions Ltd (Registered number: 05434791)

Contents of the Financial Statements
For The Year Ended 30 April 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cellpak Solutions Ltd

Company Information
For The Year Ended 30 April 2022







DIRECTORS: Mr D Bryant
Mrs L Kadwill





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 05434791 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Cellpak Solutions Ltd (Registered number: 05434791)

Statement of Financial Position
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,558 3,839
Tangible assets 5 185,887 98,363
188,445 102,202

CURRENT ASSETS
Stocks 61,940 140,896
Debtors 6 115,747 117,265
Cash at bank and in hand 9,746 33,216
187,433 291,377
CREDITORS
Amounts falling due within one year 7 277,469 244,753
NET CURRENT (LIABILITIES)/ASSETS (90,036 ) 46,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,409

148,826

CREDITORS
Amounts falling due after more than one
year

8

(56,911

)

(68,714

)

PROVISIONS FOR LIABILITIES 10 (30,323 ) (13,237 )
NET ASSETS 11,175 66,875

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 11,073 66,773
SHAREHOLDERS' FUNDS 11,175 66,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cellpak Solutions Ltd (Registered number: 05434791)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:





Mr D Bryant - Director


Cellpak Solutions Ltd (Registered number: 05434791)

Notes to the Financial Statements
For The Year Ended 30 April 2022


1. STATUTORY INFORMATION

Cellpak Solutions 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover 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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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.
Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cellpak Solutions Ltd (Registered number: 05434791)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cellpak Solutions Ltd (Registered number: 05434791)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2021
and 30 April 2022 6,399
AMORTISATION
At 1 May 2021 2,560
Amortisation for year 1,281
At 30 April 2022 3,841
NET BOOK VALUE
At 30 April 2022 2,558
At 30 April 2021 3,839

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2021 92,290 175,818 38,477 54,783 361,368
Additions - 112,365 2,121 - 114,486
At 30 April 2022 92,290 288,183 40,598 54,783 475,854
DEPRECIATION
At 1 May 2021 68,971 140,518 30,104 23,412 263,005
Charge for year 7,773 9,509 1,837 7,843 26,962
At 30 April 2022 76,744 150,027 31,941 31,255 289,967
NET BOOK VALUE
At 30 April 2022 15,546 138,156 8,657 23,528 185,887
At 30 April 2021 23,319 35,300 8,373 31,371 98,363

Cellpak Solutions Ltd (Registered number: 05434791)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2022


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2021 30,534 26,699 57,233
Transfer to ownership (30,534 ) - (30,534 )
At 30 April 2022 - 26,699 26,699
DEPRECIATION
At 1 May 2021 20,884 6,675 27,559
Charge for year 1,447 5,006 6,453
Transfer to ownership (22,331 ) - (22,331 )
At 30 April 2022 - 11,681 11,681
NET BOOK VALUE
At 30 April 2022 - 15,018 15,018
At 30 April 2021 9,650 20,024 29,674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 105,943 95,329
Other debtors 9,804 21,936
115,747 117,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 15,000 25,047
Hire purchase contracts and finance leases 3,054 4,927
Trade creditors 201,285 143,175
Taxation and social security 44,385 61,476
Other creditors 13,745 10,128
277,469 244,753

Included within bank loans is a loan taken out under the BBL scheme.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 42,084 50,833
Hire purchase contracts and finance leases 14,827 17,881
56,911 68,714

Cellpak Solutions Ltd (Registered number: 05434791)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after
more than five years 22,084 833
22,084 833

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts and finance leases 17,881 22,808

Hire and lease purchases are secured on the asset concerned.

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 30,323 13,237

Deferred
tax
£   
Balance at 1 May 2021 13,237
Charge to Statement of Income and Retained Earnings during year 17,086
Balance at 30 April 2022 30,323

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
51 Ordinary £1 51 51
51 Ordinary "A" £1 51 51
102 102