Company Registration No. 12461490 (England and Wales)
Eco Packaging Products ltd
Unaudited accounts
for the year ended 28 February 2023
Eco Packaging Products ltd
Unaudited accounts
Contents
Eco Packaging Products ltd
Statement of financial position
as at 28 February 2023
Tangible assets
469,987
354,987
Inventories
77,000
527,000
Cash at bank and in hand
(12,585)
8,809
Creditors: amounts falling due within one year
(652,537)
(389,484)
Net current (liabilities)/assets
(367,183)
401,552
Total assets less current liabilities
102,804
756,539
Creditors: amounts falling due after more than one year
(1,406,262)
(924,043)
Net liabilities
(1,303,458)
(167,504)
Called up share capital
40,000
30,000
Profit and loss account
(1,343,458)
(197,504)
Shareholders' funds
(1,303,458)
(167,504)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Tina Mawji
Director
Company Registration No. 12461490
Eco Packaging Products ltd
Notes to the Accounts
for the year ended 28 February 2023
Eco Packaging Products ltd is a private company, limited by shares, registered in England and Wales, registration number 12461490. The registered office is 9 Regents Hill, Lostock, Bolton, BL6 4PN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
5,600
409,571
2,362
417,533
Additions
-
183,811
1,150
184,961
At 28 February 2023
5,600
593,382
3,512
602,494
At 1 March 2022
-
62,192
354
62,546
Charge for the year
-
69,435
526
69,961
At 28 February 2023
-
131,627
880
132,507
At 28 February 2023
5,600
461,755
2,632
469,987
At 28 February 2022
5,600
347,379
2,008
354,987
Eco Packaging Products ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
187,766
247,209
Accrued income and prepayments
33,173
-
Amounts falling due after more than one year
Accrued income and prepayments
-
8,018
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
150,592
149,160
Trade creditors
401,240
176,831
Taxes and social security
24,383
9,719
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
155,722
88,400
Taxes and social security
77,275
24,785
Loans from directors
1,126,970
1,400
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Average number of employees
During the year the average number of employees was 20 (2022: 16).