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REGISTERED NUMBER: 02466316 (England and Wales)















NU-IMAGE PACKAGING (CLWYD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


NU-IMAGE PACKAGING (CLWYD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Director: B R Nunn





Registered office: Rhyd Y Crogwydd Bach
Denbigh Road
Nannerch
Mold
Flintshire
CH7 5QU





Registered number: 02466316 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 19,273 25,560
19,273 25,560

Current assets
Stocks 64,601 46,666
Debtors 6 131,081 160,737
Cash at bank and in hand 82,508 93,305
278,190 300,708
Creditors
Amounts falling due within one year 7 146,819 138,683
Net current assets 131,371 162,025
Total assets less current liabilities 150,644 187,585

Provisions for liabilities 3,662 4,856
Net assets 146,982 182,729

Capital and reserves
Called up share capital 100 100
Retained earnings 146,882 182,629
Shareholders' funds 146,982 182,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





B R Nunn - Director


NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Nu-Image Packaging (Clwyd) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year excluding value added tax, discounts and any sales returns.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents & licences
Patents & licences are being amortised on a straight line basis over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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 taxation 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 balance sheet date.


NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 profit or loss 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 profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 5 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2022
and 31 March 2023 7,666
Amortisation
At 1 April 2022
and 31 March 2023 7,666
Net book value
At 31 March 2023 -
At 31 March 2022 -

NU-IMAGE PACKAGING (CLWYD) LIMITED (REGISTERED NUMBER: 02466316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. Tangible fixed assets
Improvements
to Plant and Fixtures Computer
property machinery & fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 9,296 456,983 20,084 6,687 493,050
Depreciation
At 1 April 2022 9,027 432,452 19,324 6,687 467,490
Charge for year 40 6,133 114 - 6,287
At 31 March 2023 9,067 438,585 19,438 6,687 473,777
Net book value
At 31 March 2023 229 18,398 646 - 19,273
At 31 March 2022 269 24,531 760 - 25,560

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 104,573 131,553
Other debtors 26,508 29,184
131,081 160,737

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 109,453 63,710
Taxation and social security 18,195 30,346
Other creditors 19,171 44,627
146,819 138,683

8. Related party disclosures

Included in other creditors, are loan account balances with the former directors of the company. As at 31st March 2023 the balances of these loan accounts were as below:

Mr R N Nunn - £4,475 (£9,354 in 2022)
Mrs D P Nunn - £4,475 (£8,800 in 2022)

No interest is being charged on the loans and the balances are repayable on demand.