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REGISTERED NUMBER: 10691734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LIQUIPAK LIMITED

LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIQUIPAK LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: S Dickinson
J Margaglione





REGISTERED OFFICE: Unit B1-B2 Queens Mill Industrial Estate
Queens Mill Lane
Huddersfield
West Yorkshire
HD1 3RR





REGISTERED NUMBER: 10691734 (England and Wales)





ACCOUNTANTS: Bairstow and Atkinson Chartered Accountants
Carlton House
Bull Close Lane
Halifax
West Yorkshire
HX1 2EG

LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 403,587 81,081

CURRENT ASSETS
Stocks 55,787 63,933
Debtors 5 194,891 158,946
Cash at bank and in hand 81,068 91,413
331,746 314,292
CREDITORS
Amounts falling due within one year 6 511,623 397,558
NET CURRENT LIABILITIES (179,877 ) (83,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,710

(2,185

)

CREDITORS
Amounts falling due after more than one
year

7

(25,834

)

(114,802

)

PROVISIONS FOR LIABILITIES (24,386 ) -
NET ASSETS/(LIABILITIES) 173,490 (116,987 )

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 9 306,045 -
Retained earnings (132,558 ) (116,990 )
173,490 (116,987 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:



S Dickinson - Director


LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Liquipak 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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.

Going concern
The directors consider it appropriate to prepare the financial statements on the going concern basis as they will continue to support the company and ensure it is able to meet its liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 30 ) .

LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 95,269 35,458 11,297 142,024
Additions 42,370 5,000 841 48,211
Disposals (30,638 ) - - (30,638 )
Revaluations 306,045 - - 306,045
At 31 March 2023 413,046 40,458 12,138 465,642
DEPRECIATION
At 1 April 2022 41,988 13,709 5,246 60,943
Charge for year 2 6,685 1,719 8,406
Eliminated on disposal (7,294 ) - - (7,294 )
At 31 March 2023 34,696 20,394 6,965 62,055
NET BOOK VALUE
At 31 March 2023 378,350 20,064 5,173 403,587
At 31 March 2022 53,281 21,749 6,051 81,081

Cost or valuation at 31 March 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 306,046
Cost 159,596
465,642

If plant and machinery had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 107,000 142,023
Aggregate depreciation 34,696 60,946

Plant and machinery was valued on a replacement basis on 31 March 2023 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 109,980 91,778
Other debtors 84,911 67,168
194,891 158,946

LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 56,646 17,075
Trade creditors 305,065 203,229
Taxation and social security 88,918 67,519
Other creditors 60,994 109,735
511,623 397,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 25,834 49,802
Other creditors - 65,000
25,834 114,802

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Amazon Loan - 15,000

Repayable by instalments
Recovery Loan scheme - 50,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 37,943 16,222

9. RESERVES
Fair
value
reserve
£   
Asset revaluation 306,045

At 31 March 2023 306,045

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S Dickinson
Balance outstanding at start of year 7,048 5,985
Amounts advanced - 1,063
Amounts repaid (4,364 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,684 7,048

LIQUIPAK LIMITED (REGISTERED NUMBER: 10691734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

At the year end, the director loan account is overdrawn by £2,684 (2022 £7,048). Interest is charged at the beneficial loan rate of 2% per annum.

11. ULTIMATE CONTROLLING PARTY

The company is under the common control of Mr S Dickinson, Mr B Dickinson and Mr P Krawczuk.