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REGISTERED NUMBER: NI069132 (Northern Ireland)












D C Packaging Tapes Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






D C Packaging Tapes Limited (Registered number: NI069132)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D C Packaging Tapes Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs G Colhoun
Mr D Colhoun





SECRETARY: Mrs G Colhoun





REGISTERED OFFICE: Unit 17-19 Avondale Business Park
Ballyclare
Co. Antrim
BT39 9EB





REGISTERED NUMBER: NI069132 (Northern Ireland)





ACCOUNTANTS: Agnew Mitchell & Cairns
184 Rashee Road
Ballyclare
Co. Antrim
BT39 9JB

D C Packaging Tapes Limited (Registered number: NI069132)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,239 2,986

CURRENT ASSETS
Stocks 284,854 450,000
Debtors 5 467,906 443,302
Cash at bank and in hand 104,376 233,237
857,136 1,126,539
CREDITORS
Amounts falling due within one year 6 526,752 802,959
NET CURRENT ASSETS 330,384 323,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,623

326,566

PROVISIONS FOR LIABILITIES 218 -
NET ASSETS 332,405 326,566

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 332,403 326,564
SHAREHOLDERS' FUNDS 332,405 326,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

D C Packaging Tapes Limited (Registered number: NI069132)

Balance Sheet - continued
31 March 2023


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 27 June 2023 and were signed on its behalf by:




Mr D Colhoun - Director



Mrs G Colhoun - Director


D C Packaging Tapes Limited (Registered number: NI069132)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

D C Packaging Tapes 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. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

D C Packaging Tapes Limited (Registered number: NI069132)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 22,218
DEPRECIATION
At 1 April 2022 19,232
Charge for year 747
At 31 March 2023 19,979
NET BOOK VALUE
At 31 March 2023 2,239
At 31 March 2022 2,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 467,853 428,537
Other debtors 53 14,765
467,906 443,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 386,072 741,390
Taxation and social security 65,830 40,403
Other creditors 74,850 21,166
526,752 802,959

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 38,752 34,783
Between one and five years 65,015 43,770
103,767 78,553