Company Registration No. 03632934 (England and Wales)
Complete Packaging Limited
Unaudited accounts
for the year ended 31 March 2023
Complete Packaging Limited
Unaudited accounts
Contents
Complete Packaging Limited
Company Information
for the year ended 31 March 2023
Directors
Mr J.J. Fanstone
Mr M.T. Jones
Mr R.J. White
Company Number
03632934 (England and Wales)
Registered Office
Unit 10 Hikers Way
Crendon Industrial Park
Long Crendon
Buckinghamshire
HP18 9RW
England
Accountants
Stephen Beard Accountancy Services
10 Cheshire Road
Thame
Oxon
OX9 3LQ
Complete Packaging Limited
Statement of financial position
as at 31 March 2023
Tangible assets
89,728
64,593
Cash at bank and in hand
92,204
172,556
Creditors: amounts falling due within one year
(225,172)
(408,297)
Net current assets
50,510
146,195
Total assets less current liabilities
140,238
210,788
Creditors: amounts falling due after more than one year
(9,500)
-
Provisions for liabilities
Deferred tax
(16,621)
(12,273)
Net assets
114,117
198,515
Called up share capital
15,000
15,000
Profit and loss account
99,117
183,515
Shareholders' funds
114,117
198,515
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by
Mr R.J. White
Director
Company Registration No. 03632934
Complete Packaging Limited
Notes to the Accounts
for the year ended 31 March 2023
Complete Packaging Limited is a private company, limited by shares, registered in England and Wales, registration number 03632934. The registered office is Unit 10 Hikers Way, Crendon Industrial Park, Long Crendon, Buckinghamshire, HP18 9RW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight line basis
Plant & machinery
25% Reducing balance basis
Fixtures & fittings
25% Reducing balance basis
Computer equipment
25% Reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Complete Packaging Limited
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
-
14,279
60,678
10,559
85,516
Additions
2,670
25,375
16,102
472
44,619
At 31 March 2023
2,670
39,654
76,780
11,031
130,135
At 1 April 2022
-
12,420
2,036
6,467
20,923
Charge for the year
423
5,223
12,805
1,033
19,484
At 31 March 2023
423
17,643
14,841
7,500
40,407
At 31 March 2023
2,247
22,011
61,939
3,531
89,728
At 31 March 2022
-
1,859
58,642
4,092
64,593
Amounts falling due within one year
Trade debtors
150,107
371,195
Accrued income and prepayments
29,293
9,241
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
126,299
268,842
Taxes and social security
8,783
38,982
Other creditors
3,311
2,195
Complete Packaging Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
98,379
9,062
Later than one year and not later than five years
298,671
5,286
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
-
1,954
926
1,028
10
Average number of employees
During the year the average number of employees was 12 (2022: 11).