Registration number: 01397833

Carlinport Limited trading as Alpha Packaging

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Carlinport Limited trading as Alpha Packaging

(Registration number: 01397833)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Intangible assets	5	10,128	11,629
Tangible assets	6	51,025	63,184
		61,153	74,813
Current assets
Stocks	7	210,675	154,130
Debtors	8	455,784	411,400
Cash at bank and in hand		1,485,186	1,425,401
		2,151,645	1,990,931
Creditors: Amounts falling due within one year	9	(374,711)	(363,358)
Net current assets		1,776,934	1,627,573
Total assets less current liabilities		1,838,087	1,702,386
Provisions for liabilities		(7,264)	(7,564)
Net assets		1,830,823	1,694,822
Capital and reserves
Called up share capital		100	100
Retained earnings		1,830,723	1,694,722
Shareholders' funds		1,830,823	1,694,822

Carlinport Limited trading as Alpha Packaging

(Registration number: 01397833)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 September 2023 and signed on its behalf by:
 

......................................... Mr T J Lester Director

Carlinport Limited trading as Alpha Packaging

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6 Gooch Drive
Southmead Industrial Estate
Didcot
Oxfordshire
OX11 7PR
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of packaging goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Carlinport Limited trading as Alpha Packaging

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Motor vehicles	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Carlinport Limited trading as Alpha Packaging

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 10).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2023 £	2022 £
Depreciation expense	12,828	15,816
Amortisation expense	1,501	1,501
Loan to party under common control written off	-	1,022,900

Carlinport Limited trading as Alpha Packaging

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2022	15,006	15,006
At 31 March 2023	15,006	15,006
Amortisation
At 1 April 2022	3,377	3,377
Amortisation charge	1,501	1,501
At 31 March 2023	4,878	4,878
Carrying amount
At 31 March 2023	10,128	10,128
At 31 March 2022	11,629	11,629

6	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2022	181,185	101,688	282,873
Additions	669	-	669
At 31 March 2023	181,854	101,688	283,542
Depreciation
At 1 April 2022	143,950	75,739	219,689
Charge for the year	7,598	5,230	12,828
At 31 March 2023	151,548	80,969	232,517
Carrying amount
At 31 March 2023	30,306	20,719	51,025
At 31 March 2022	37,235	25,949	63,184

Carlinport Limited trading as Alpha Packaging

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Stocks

	2023 £	2022 £
Other inventories	210,675	154,130

8

Debtors

Current	2023 £	2022 £
Trade debtors	439,263	333,441
Prepayments	13,446	71,560
Other debtors	3,075	6,399
	455,784	411,400

9

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	265,738	275,630
Taxation and social security	81,011	65,156
Other creditors	27,962	22,572
	374,711	363,358

10	Related party transactions

Mr T J Lester and Mrs L M Lester (directors) had a loan account with the company. At the balance sheet date the amount due to the directors was £124 (2022: £6,989).

At the balance sheet date there was an amount owed from AGT Property Ltd (an entity under the control of key management personnel) of £nil (2022: £nil). In the prior year £1,022,900 was fully provided for and was written off as a bad debt.