REGISTERED NUMBER: |
CHILFEN EXPORT PACKAGING LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
REGISTERED NUMBER: |
CHILFEN EXPORT PACKAGING LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
Page |
Company information | 1 |
Abridged statement of financial position | 2 | to | 3 |
Notes to the financial statements | 4 | to | 8 |
CHILFEN EXPORT PACKAGING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Chartered Accountants and Statutory Auditors |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
28TH FEBRUARY 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
28TH FEBRUARY 2023 |
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 |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
Chilfen Export Packaging Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Chilfen Export Packaging Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Wiltonsign Properties Limited, 5 Yeomans Court, Ware Road, Hertford, Hertfordshire,SG13 7HJ. |
Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these financial statements. |
Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year. |
Revenue recognition |
Revenue is recognised when goods have been delivered or services supplied to customers such that risks and rewards of ownership have transferred to them. |
Property, plant and equipment |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
3. | ACCOUNTING POLICIES - continued |
Tax |
Tax 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 tax 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 |
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
Cost |
At 1st March 2022 |
Disposals | ( |
) |
At 28th February 2023 |
Depreciation |
At 1st March 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 28th February 2023 |
Net book value |
At 28th February 2023 |
At 28th February 2022 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
Cost |
At 1st March 2022 |
and 28th February 2023 | 312,052 |
Net book value |
At 28th February 2023 | 312,052 |
At 28th February 2022 | 312,052 |
The company's investments at the Statement of financial position date in the share capital of companies include the following: |
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ |
Nature of business: |
% |
Class of shares: | holding |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
6. | FIXED ASSET INVESTMENTS - continued |
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Unit 1 Flint Road, Letchworth Garden City, Hertfordshire SG6 1HJ |
Nature of business: |
% |
Class of shares: | holding |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Nominal | 2021 | 2020 |
Number: | Class: | value: | £ | £ |
728 | Ordinary A | £1 | 728 | 728 |
224 | Ordinary B | £1 | 224 | 224 |
224 | Ordinary C | £1 | 224 | 224 |
224 | Ordinary D | £1 | 224 | 224 |
1,400 | 1,400 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
CHILFEN EXPORT PACKAGING LIMITED (REGISTERED NUMBER: 07393741) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2023 |
10. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
11. | PARENT RELATIONSHIPS |
The parent undertaking and ultimate holding company is Wiltonsign Properties Limited, a company incorporated in England and Wales at 5 Yeomans Court, Ware Road, Hertford, Hertfordshire, SG13 7HJ. The smallest and largest group financial statements in which the results of the company are included are available from this address. |