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REGISTERED NUMBER: 06836356 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PIPI PRINT & PACKAGING LTD

PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PIPI PRINT & PACKAGING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr R P Parmar
Mr R R Parmar
Mr P P Parmar
Mr H R Parmar





SECRETARY: Mr R P Parmar





REGISTERED OFFICE: 10 Bardolph Street East
Leicester
Leicestershire
LE4 6EG





REGISTERED NUMBER: 06836356 (England and Wales)






PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 384,301 329,977

CURRENT ASSETS
Stocks 128,238 326,217
Debtors 5 3,220,681 2,866,817
Cash at bank and in hand 10,376 17,238
3,359,295 3,210,272
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(3,225,994

)

(1,935,823

)
NET CURRENT ASSETS 133,301 1,274,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,602

1,604,426

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(354,401

)

(229,698

)

PROVISIONS FOR LIABILITIES (25,185 ) (25,185 )
NET ASSETS 138,016 1,349,543

CAPITAL AND RESERVES
Called up share capital 8 600 600
Retained earnings 137,416 1,348,943
SHAREHOLDERS' FUNDS 138,016 1,349,543

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

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

PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 28th March 2024 and were signed on its behalf by:





Mr R R Parmar - Director


PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

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


1. STATUTORY INFORMATION

Pipi Print & Packaging Ltd 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

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


2. ACCOUNTING POLICIES - continued

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 44 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2022 242,227 1,321,430 131,028 6,383 1,701,068
Additions 154,589 5,750 - 4,485 164,824
At 31st March 2023 396,816 1,327,180 131,028 10,868 1,865,892
DEPRECIATION
At 1st April 2022 91,910 1,172,787 100,166 6,228 1,371,091
Charge for year 38,131 54,070 17,023 1,276 110,500
At 31st March 2023 130,041 1,226,857 117,189 7,504 1,481,591
NET BOOK VALUE
At 31st March 2023 266,775 100,323 13,839 3,364 384,301
At 31st March 2022 150,317 148,643 30,862 155 329,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 1,223,131 1,232,267
Other debtors 1,997,550 1,634,550
3,220,681 2,866,817

PIPI PRINT & PACKAGING LTD (REGISTERED NUMBER: 06836356)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 92,000 274,609
Hire purchase contracts 91,000 80,747
Trade creditors 420,094 447,573
Taxation and social security 361,138 210,710
Other creditors 2,261,762 922,184
3,225,994 1,935,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 189,618 177,666
Hire purchase contracts 164,783 52,032
354,401 229,698

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
600 Ordinary share £1 600 600

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts owed to directors by the company at the year end was £7,121 (2022: £74,128).

10. RELATED PARTY DISCLOSURES

Included within the accounts is balances with entities under common control. As at the year end, amounts owed by related parties was £2m (2022: £1.6m).