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Registered number
10144851
Expert Packaging Limited
Unaudited Accounts
for the year ended
30 April 2023
Expert Packaging Limited
Balance Sheet
as at 30 April 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 91,470 91,960
91,470 91,960
Current assets
Stocks 313,749 239,368
Debtors 4 999,082 935,610
Cash at bank and in hand 813,844 835,468
2,126,675 2,010,446
Creditors: amounts falling due within one year 5 (1,010,225) (1,278,430)
Net current assets / (liabilities) 1,116,450 732,016
Total assets less current liabilities 1,207,920 823,976
Creditors: amounts falling due after more than one year 6 (85,900) (126,869)
Provisions for liabilities (0) (0)
Accruals and deferred income (73,397) (3,039)
Total net assets (liabilities) 1,048,623 694,068
Capital and reserves
Called up share capital 7 300 300
Profit and loss account 1,048,323 693,768
Shareholders' funds 1,048,623 694,068

Expert Packaging Limited
Balance Sheet
as at 30 April 2023



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr A Crichton-prince

Director


Approved by the board on 16 October 2023

Company Number: 10144851 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

193a Ashley Road
Hale
Altrincham
WA15 9SQ
England

Expert Packaging Limited
Notes to the Accounts
for the year ended 30 April 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Plant & machinery 25% Reducing Balance
Vehicles, plant & machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
Deferred taxation
In the opinion of the Directors, deferred taxation is not relevant to these accounts.
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
2. Employees
2023 2022
Average number of employees during the period 10 9

3. Tangible fixed assets
Plant & machinery Vehicles, plant & machinery Total
Cost or valuation £ £ £
At 1 May 2022 19,000 123,497 142,497
Additions 0 30,000 30,000
At 30 April 2023 19,000 153,497 172,497
Depreciation
At 1 May 2022 10,095 40,442 50,537
Charge for the period 2,226 28,264 30,490
At 30 April 2023 12,321 68,706 81,027
Net book value
At 30 April 2023 6,679 84,791 91,470
At 30 April 2022 8,905 83,055 91,960

4. Debtors
2023 2022
£ £
Trade debtors 921,473 935,610
Other debtors 77,609 0
999,082 935,610

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank Loans & Overdrafts 13,635 0
Trade creditors 794,131 1,131,208
Taxation & social security 185,973 116,487
Other creditors 16,486 30,735
1,010,225 1,278,430

6. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 85,900 126,869
85,900 126,869

7. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
100 (2022: 100) A Ordinary shares of £1.00 each 100 100
Allotted, called up and fully paid:
100 (2022: 100) B Ordinary shares of £1.00 each 100 100
Allotted, called up and fully paid:
100 (2022: 100) C Ordinary shares of £1.00 each 100 100
300 300