Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22022-04-01No description of principal activity2falsetrue 04263297 2022-04-01 2023-03-31 04263297 2021-04-01 2022-03-31 04263297 2023-03-31 04263297 2022-03-31 04263297 c:Director1 2022-04-01 2023-03-31 04263297 d:FurnitureFittings 2022-04-01 2023-03-31 04263297 d:FurnitureFittings 2023-03-31 04263297 d:FurnitureFittings 2022-03-31 04263297 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04263297 d:Goodwill 2022-04-01 2023-03-31 04263297 d:Goodwill 2023-03-31 04263297 d:Goodwill 2022-03-31 04263297 d:CurrentFinancialInstruments 2023-03-31 04263297 d:CurrentFinancialInstruments 2022-03-31 04263297 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04263297 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04263297 d:ShareCapital 2023-03-31 04263297 d:ShareCapital 2022-03-31 04263297 d:RetainedEarningsAccumulatedLosses 2023-03-31 04263297 d:RetainedEarningsAccumulatedLosses 2022-03-31 04263297 c:FRS102 2022-04-01 2023-03-31 04263297 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04263297 c:FullAccounts 2022-04-01 2023-03-31 04263297 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

04263297







RJQ PACKAGING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2023

































RJQ PACKAGING LIMITED
REGISTERED NUMBER:04263297

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
995
683

  
995
683

Current assets
  

Debtors: amounts falling due within one year
 6 
761
6,048

Cash at bank and in hand
  
7,644
3,833

  
8,405
9,881

Creditors: amounts falling due within one year
 7 
(9,945)
(11,453)

Net current liabilities
  
 
 
(1,540)
 
 
(1,572)

  

Net liabilities
  
(545)
(889)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(645)
(989)

  
(545)
(889)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

RJQ PACKAGING LIMITED
REGISTERED NUMBER:04263297
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R. J. Q. Young
Director

Date: 28 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

RJQ PACKAGING LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

RJQ Packaging Limited is a company limited by shares domiciled and incorporated in England and Wales. 
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS. The address of its principal place of business is 5 Speldhurst Road, Southborough, Tunbridge Wells, Kent, TN4 0HY.

2.Accounting policies

 
Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared on a going concern basis on the assessment of the directors. The directors have indicated their intention to continue to support he trading activities of the company for the foreseeable future. 
Monetary amounts in these financial statements are stated in Pounds sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

 
2.1

Revenue

Revenue comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of trade discounts. Revenue is recorded net of VAT.
Revenue is recognised when the principal for whom RJQ Packaging Limited acts as agent has received payment for goods supplied to his customer.

 
2.2

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life of 20 years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

RJQ PACKAGING LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently  at amortised cost using the effective interest method.

Page 4

RJQ PACKAGING LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

 
2.9

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

 Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

RJQ PACKAGING LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
100,000



At 31 March 2023

100,000



Amortisation


At 1 April 2022
100,000



At 31 March 2023

100,000



Net book value



At 31 March 2023
-



At 31 March 2022
-




5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
15,661


Additions
579



At 31 March 2023

16,240



Depreciation


At 1 April 2022
14,978


Charge for the year on owned assets
267



At 31 March 2023

15,245



Net book value



At 31 March 2023
995



At 31 March 2022
683

Page 6

RJQ PACKAGING LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
761
6,047

Other debtors
-
1

761
6,048



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
161
464

Corporation tax
4,041
3,839

Other taxation and social security
1,109
2,160

Accruals and deferred income
4,634
4,990

9,945
11,453



8.


Transactions with directors

Included within debtors at the year end is a balance of £NIL (2022: £1) in respect of the Directors' Loan Account. During the year the company made advances of £18,882 (2022: £16,560) and the directors made repayments of £18,881 (2022: £18,104). This loan is interest free, unsecured and repayable on demand.

 
Page 7