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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
Page
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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
Secretary
Mrs K. 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
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Complete Packaging Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,728 
64,593 
Current assets
Inventories
3,050 
1,500 
Debtors
180,428 
380,436 
Cash at bank and in hand
92,204 
172,556 
275,682 
554,492 
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 
Capital and reserves
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
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Complete Packaging Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
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Complete Packaging Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
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.
Pension costs
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
150,107 
371,195 
Accrued income and prepayments
29,293 
9,241 
Other debtors
1,028 
- 
180,428 
380,436 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
44,700 
27,204 
Trade creditors
126,299 
268,842 
Taxes and social security
8,783 
38,982 
Other creditors
3,311 
2,195 
Loans from directors
- 
4 
Accruals
31,329 
71,070 
Deferred income
10,750 
- 
225,172 
408,297 
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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 
£ 
£ 
Accruals
9,500 
- 
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 
397,050 
14,348 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr M.T. Jones
Director's loan account
- 
1,954 
926 
1,028 
- 
1,954 
926 
1,028 
10
Average number of employees
During the year the average number of employees was 12 (2022: 11).
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