IRIS Accounts Production v24.1.0.578 02948093 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029480932022-12-31029480932023-12-31029480932023-01-012023-12-31029480932021-12-31029480932022-01-012022-12-31029480932022-12-3102948093ns15:EnglandWales2023-01-012023-12-3102948093ns14:PoundSterling2023-01-012023-12-3102948093ns10:Director12023-01-012023-12-3102948093ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102948093ns10:SmallEntities2023-01-012023-12-3102948093ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102948093ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102948093ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102948093ns10:FullAccounts2023-01-012023-12-3102948093ns10:OrdinaryShareClass12023-01-012023-12-3102948093ns10:Director22023-01-012023-12-3102948093ns10:RegisteredOffice2023-01-012023-12-3102948093ns5:CurrentFinancialInstruments2023-12-3102948093ns5:CurrentFinancialInstruments2022-12-3102948093ns5:ShareCapital2023-12-3102948093ns5:ShareCapital2022-12-3102948093ns5:RetainedEarningsAccumulatedLosses2023-12-3102948093ns5:RetainedEarningsAccumulatedLosses2022-12-3102948093ns5:PlantMachinery2023-01-012023-12-3102948093ns5:PlantMachinery2022-12-3102948093ns5:PlantMachinery2023-12-3102948093ns5:PlantMachinery2022-12-3102948093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102948093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102948093ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 02948093 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OAKWELL PACKAGING LIMITED

OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKWELL PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Booth
Mrs S Booth





REGISTERED OFFICE: Suite 1
Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 02948093 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,216 1,506

CURRENT ASSETS
Stocks 351 195
Debtors 5 13,013 9,792
Cash at bank 265,757 289,616
279,121 299,603
CREDITORS
Amounts falling due within one year 6 (23,307 ) (20,204 )
NET CURRENT ASSETS 255,814 279,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,030

280,905

CAPITAL AND RESERVES
Called up share capital 7 400 400
Retained earnings 256,630 280,505
SHAREHOLDERS' FUNDS 257,030 280,905

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

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

OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)

BALANCE SHEET - continued
31 DECEMBER 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 15 April 2024 and were signed on its behalf by:





Mr S Booth - Director


OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Oakwell Packaging 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.

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.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)

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

2. ACCOUNTING POLICIES - continued
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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 81,366
Additions 116
At 31 December 2023 81,482
DEPRECIATION
At 1 January 2023 79,860
Charge for year 406
At 31 December 2023 80,266
NET BOOK VALUE
At 31 December 2023 1,216
At 31 December 2022 1,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 13,013 9,792

OAKWELL PACKAGING LIMITED (REGISTERED NUMBER: 02948093)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 20,311 14,445
Taxation and social security 861 3,694
Other creditors 2,135 2,065
23,307 20,204

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
400 Ordinary £1 400 400