REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST MARCH 2022 TO 30TH JUNE 2023 |
FOR |
THE HEATPACK COMPANY MANUFACTURING LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST MARCH 2022 TO 30TH JUNE 2023 |
FOR |
THE HEATPACK COMPANY MANUFACTURING LTD |
THE HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1st March 2022 to 30th June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE HEATPACK COMPANY MANUFACTURING LTD |
COMPANY INFORMATION |
for the Period 1st March 2022 to 30th June 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
THE HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
BALANCE SHEET |
30th June 2023 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
BALANCE SHEET - continued |
30th June 2023 |
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 Board of Directors and authorised for issue on |
THE HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1st March 2022 to 30th June 2023 |
1. | STATUTORY INFORMATION |
The Heatpack Company Manufacturing Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 00477779. The address of the registered office is KJG, 100 Barcarolle Square, Manchester, United Kingdom, M2 3BD. The principal place of business address is, 20-22 Wenlock Road London N1 7GU.. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured as the fair value of the consideration received or receivable, net of discounts. Turnover consists of wholesale of wellbeing goods. |
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods: |
Fixtures and Fittings - 25% on RBM |
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
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 period comprises current 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 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. |
THE HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1st March 2022 to 30th June 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. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank and in hand. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 30th June 2023 |
DEPRECIATION |
Charge for period |
At 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by group undertakings |
Prepayments |
THE HEATPACK COMPANY MANUFACTURING LTD (REGISTERED NUMBER: 13945532) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1st March 2022 to 30th June 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 7) |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 15,674 |
Other creditors |
Directors' current accounts | 6,933 |
Accruals and deferred income |
7. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary Shares | 1 | 120 |
120 Ordinary Shares shares of 1 each were allotted and fully paid for |
9. | RELATED PARTY DISCLOSURES |
At the year end, Mayfair Lifestyle Ltd owed £600 from the company. The balance is interest free and repayable on demand. |
At the year end, BranDDR Ltd owed £250 from the company. The balance is interest free and repayable on demand. |
At the year end, The Heatpack Company Ltd owed £4,274 to the company.The balance is interest free and repayable on demand. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr Jonathan Stuart Cohen. |