8676894falsethat of wholesale and retail of packaging products, all of which is carried out within the United Kingdom2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 8676894

PACK360 LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

PACK360 LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
James Robert Bennett
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8676894
BANKERS
LLOYDS BANK plc
SOLICITORS
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

PACK360 LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

PACK360 LIMITED

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets28,3061,927
CURRENT ASSETS
Stock22,40021,200
Debtors487,01365,247
Cash at bank and in hand62,81273,701
172,225160,148
CREDITORS: Amounts falling due within one year557,60259,655
NET CURRENT ASSETS114,623100,493
TOTAL ASSETS LESS CURRENT LIABILITIES122,929102,420
PROVISIONS FOR LIABILITIES AND CHARGES71,578366
NET ASSETS121,351102,054
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account121,350102,053
SHAREHOLDERS' FUNDS121,351102,054
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/11/2023 and signed on their behalf by
.............................
James Robert Bennett
Director

PACK360 LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1d. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Commercial Vehiclesstraight line20%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks 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 of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

PACK360 LIMITED

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/2022-2,9972,997
Additions7,330827,412
Disposals-(140)(140)
At 31/03/20237,3302,93910,269
Depreciation
At 01/04/2022-1,0701,070
Disposals-(140)(140)
For the year7333001,033
At 31/03/20237331,2301,963
Net Book Amounts
At 31/03/20236,5971,7098,306
At 31/03/2022-1,9271,927
3. STOCK 20232022
££
Stock comprises:
Stock22,40021,200
22,40021,200
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors85,18162,918
PAYE control4-
Prepayments1,8282,329
87,01365,247

PACK360 LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax11,39715,373
VAT3,0154,149
PAYE control-483
Directors current account34,00633,380
Trade creditors7,2794,600
Accruals1,9051,670
57,60259,655
6. EMPLOYEES
20232022
No.No.
Average number of employees11
Key management personnel is restricted to that of the director.
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,578366
1,578366
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

PACK360 LIMITED

9. OTHER FINANCIAL COMMITMENTS
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within two to five years-8,643
10. CONTROLLING PARTY
The company is wholly owned by the director Mr J R Bennett.
11. INFORMATION - GENERAL
Pack360 Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in the wholesale and retail of packaging products. All of its activities are carried out within the United Kingdom.