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REGISTERED NUMBER: 04968981 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTOR: P Krawczuk





SECRETARY: B Dickinson





REGISTERED OFFICE: Unit 17 Queens Mill Lane
Queens Mill Industrial Estate
HUDDERSFIELD
Yorkshire
HD1 3RR





REGISTERED NUMBER: 04968981 (England and Wales)





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

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 145,314 151,640
145,314 151,640

CURRENT ASSETS
Stocks 315,819 261,919
Debtors 6 590,838 711,292
Cash at bank and in hand 58,395 174,556
965,052 1,147,767
CREDITORS
Amounts falling due within one year 7 509,502 985,835
NET CURRENT ASSETS 455,550 161,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,864

313,572

CREDITORS
Amounts falling due after more than one year 8 (25,070 ) (27,062 )

PROVISIONS FOR LIABILITIES (30,130 ) (2,780 )
NET ASSETS 545,664 283,730

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 545,564 283,630
SHAREHOLDERS' FUNDS 545,664 283,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

BALANCE SHEET - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





P Krawczuk - Director


KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

1. STATUTORY INFORMATION

Karmelle Liquid Filling & Capping Systems 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue in relation to contracts is recognised in accordance with the stage of completion at the year end.

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 five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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 Profit and Loss Account, 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.

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.

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 26 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 10,000
AMORTISATION
At 1 June 2022
and 31 May 2023 10,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 29,811 268,487 23,567
Additions - 32,500 1,400
Disposals - (32,597 ) (7,237 )
At 31 May 2023 29,811 268,390 17,730
DEPRECIATION
At 1 June 2022 22,487 170,189 17,306
Charge for year 1,122 18,652 1,033
Eliminated on disposal - (26,147 ) (6,380 )
At 31 May 2023 23,609 162,694 11,959
NET BOOK VALUE
At 31 May 2023 6,202 105,696 5,771
At 31 May 2022 7,324 98,298 6,261

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 79,585 9,390 410,840
Additions - 1,493 35,393
Disposals (20,395 ) (735 ) (60,964 )
At 31 May 2023 59,190 10,148 385,269
DEPRECIATION
At 1 June 2022 44,464 4,754 259,200
Charge for year 7,554 910 29,271
Eliminated on disposal (15,484 ) (505 ) (48,516 )
At 31 May 2023 36,534 5,159 239,955
NET BOOK VALUE
At 31 May 2023 22,656 4,989 145,314
At 31 May 2022 35,121 4,636 151,640

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 39,950 39,695 79,645
Additions 32,500 - 32,500
At 31 May 2023 72,450 39,695 112,145
DEPRECIATION
At 1 June 2022 14,056 17,366 31,422
Charge for year 8,538 5,583 14,121
At 31 May 2023 22,594 22,949 45,543
NET BOOK VALUE
At 31 May 2023 49,856 16,746 66,602
At 31 May 2022 25,894 22,329 48,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 183,394 201,362
Amounts recoverable on contract 111,037 394,396
Other debtors 260,000 75,000
Directors' loan accounts - 514
Tax - 2,093
Prepayments 36,407 37,927
590,838 711,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 9) 33,072 21,053
Trade creditors 232,149 250,996
Tax 8,605 9
Social security and other taxes 39,807 31,562
VAT 25,383 73,231
Pensions 1,323 1,272
Company credit card - 2,566
Shareholder loan account 50,000 -
Directors' loan accounts 49,486 -
Payment on account - 563,252
Accrued expenses 64,966 36,352
Deferred government grants 4,711 5,542
509,502 985,835

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 9) 25,070 27,062

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£    £   
Gross obligations repayable:
Within one year 37,622 24,899
Between one and five years 26,717 28,932
64,339 53,831

Finance charges repayable:
Within one year 4,550 3,846
Between one and five years 1,647 1,870
6,197 5,716

Net obligations repayable:
Within one year 33,072 21,053
Between one and five years 25,070 27,062
58,142 48,115

Non-cancellable operating leases
31.5.23 31.5.22
£    £   
Within one year 71,450 71,392
Between one and five years 75,926 87,632
147,376 159,024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 58,142 48,115

Hire purchase liabilities are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

The company received grant funding of £14,480 in 2017. The grant provider reserved the right to require the company to repay some or all of the grant for a period of up to 10 years from receipt.

KARMELLE LIQUID FILLING & CAPPING
SYSTEMS LIMITED (REGISTERED NUMBER: 04968981)

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

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.23 31.5.22
£    £   
P Krawczuk
Balance outstanding at start of year 513 513
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (49,487 ) 513

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Krawczuk.