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REGISTERED NUMBER: 05046238 (England and Wales)


















Alpha Packaging & Strapping Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






Alpha Packaging & Strapping Limited (Registered number: 05046238)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alpha Packaging & Strapping Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: S M Parker
C Parker





REGISTERED OFFICE: Unit 1, Block 4
Kiln Lane Trading Estate
Stallingborough
N. E. Lincolnshire
DN41 8DY





REGISTERED NUMBER: 05046238 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Alpha Packaging & Strapping Limited (Registered number: 05046238)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,886 45,996
52,886 45,996

CURRENT ASSETS
Stocks 180,972 179,874
Debtors 6 256,383 334,171
Cash at bank and in hand 93,569 115,251
530,924 629,296
CREDITORS
Amounts falling due within one year 7 214,412 307,156
NET CURRENT ASSETS 316,512 322,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,398

368,136

PROVISIONS FOR LIABILITIES 5,376 6,198
NET ASSETS 364,022 361,938

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 100 100
Retained earnings 363,822 361,738
SHAREHOLDERS' FUNDS 364,022 361,938

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

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

Alpha Packaging & Strapping Limited (Registered number: 05046238)

Balance Sheet - continued
31st 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 16th October 2023 and were signed on its behalf by:





S M Parker - Director


Alpha Packaging & Strapping Limited (Registered number: 05046238)

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

1. STATUTORY INFORMATION

Alpha Packaging & Strapping Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of packaging supplies is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of separate businesses in 2004 and 2008, is being amortised evenly over its estimated useful life of twenty years and two years respectively.

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.

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 - 33% on cost and 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

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 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 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 balance sheet date.


Alpha Packaging & Strapping Limited (Registered number: 05046238)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 35,000
AMORTISATION
At 1st April 2022
and 31st March 2023 35,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Alpha Packaging & Strapping Limited (Registered number: 05046238)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2022 10,523 17,090 59,078 86,691
Additions - - 21,990 21,990
At 31st March 2023 10,523 17,090 81,068 108,681
DEPRECIATION
At 1st April 2022 10,369 13,019 17,307 40,695
Charge for year 154 611 14,335 15,100
At 31st March 2023 10,523 13,630 31,642 55,795
NET BOOK VALUE
At 31st March 2023 - 3,460 49,426 52,886
At 31st March 2022 154 4,071 41,771 45,996


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 251,616 321,945
Other debtors 4,767 6,426
256,383 328,371

Amounts falling due after more than one year:
Other debtors - 5,800

Aggregate amounts 256,383 334,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,301 230,628
Taxation and social security 61,967 72,086
Other creditors 4,144 4,442
214,412 307,156

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,000 18,059

Alpha Packaging & Strapping Limited (Registered number: 05046238)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100