Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-3120030040060071430117195761125485230.192023-12-31false0.192023-01-01304470667 04470667 2023-01-01 2023-12-31 04470667 2022-01-01 2022-12-31 04470667 2023-12-31 04470667 2022-12-31 04470667 2022-01-01 04470667 c:CompanySecretary1 2023-01-01 2023-12-31 04470667 c:Director1 2023-01-01 2023-12-31 04470667 c:Director2 2023-01-01 2023-12-31 04470667 c:Director3 2023-01-01 2023-12-31 04470667 c:RegisteredOffice 2023-01-01 2023-12-31 04470667 d:PlantMachinery 2023-01-01 2023-12-31 04470667 d:PlantMachinery 2022-01-01 2022-12-31 04470667 d:PlantMachinery 2023-12-31 04470667 d:PlantMachinery 2022-12-31 04470667 d:PlantMachinery 2022-01-01 04470667 d:ComputerEquipment 2023-01-01 2023-12-31 04470667 d:ComputerEquipment 2022-01-01 2022-12-31 04470667 d:ComputerEquipment 2023-12-31 04470667 d:ComputerEquipment 2022-12-31 04470667 d:ComputerEquipment 2022-01-01 04470667 d:CurrentFinancialInstruments 2023-12-31 04470667 d:CurrentFinancialInstruments 2022-12-31 04470667 d:ShareCapital 2023-01-01 2023-12-31 04470667 d:ShareCapital 2023-12-31 04470667 d:ShareCapital 2022-01-01 2022-12-31 04470667 d:ShareCapital 2022-12-31 04470667 d:ShareCapital 2022-01-01 04470667 d:SharePremium 2023-01-01 2023-12-31 04470667 d:SharePremium 2023-12-31 04470667 d:SharePremium 2022-01-01 2022-12-31 04470667 d:SharePremium 2022-12-31 04470667 d:SharePremium 2022-01-01 04470667 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04470667 d:RetainedEarningsAccumulatedLosses 2023-12-31 04470667 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04470667 d:RetainedEarningsAccumulatedLosses 2022-12-31 04470667 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04470667 c:OrdinaryShareClass1 2023-12-31 04470667 c:OrdinaryShareClass1 2022-12-31 04470667 c:FullIFRS 2023-01-01 2023-12-31 04470667 c:Audited 2023-01-01 2023-12-31 04470667 c:FullAccounts 2023-01-01 2023-12-31 04470667 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04470667 d:ContinuingOperations 2023-01-01 2023-12-31 04470667 d:ContinuingOperations 2022-01-01 2022-12-31 04470667 d:ValueBeforeAllowanceForImpairmentLoss 2023-12-31 04470667 d:ValueBeforeAllowanceForImpairmentLoss 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares
Registered number: 04470667


LEKTROPACKS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
LEKTROPACKS LIMITED
 

 
COMPANY INFORMATION


Directors
Hsin-Erh Chen 
Cheng Yi Tsai 
Chuan-Pin Yang 




Company secretary
Victoria Margaret Martin-Jones



Registered number
04470667



Registered office
Sundial House
98 High Street

Horsell

Woking

Surrey

GU21 4SU




Independent auditors
Hamlyns Limited

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU





 
LEKTROPACKS LIMITED
 

 
CONTENTS


Page
Directors' Report
 
 
1 - 2
Independent Auditors' Report

 
3 - 6
Statement of Profit or Loss

 
7
Statement of Financial Position
 
 
8
Statement of Changes in Equity
 
 
8 - 9
Statement of Cash Flows
 
 
10
Notes to the Financial Statements
 
 
11 - 17

 

 

 
LEKTROPACKS LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Principal activity

The principle activity of the company in the year under review was that of the sale of electrical goods.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements, in accordance with applicable law.

Company law requires the directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the UK.

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing the financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgments and estimates that are reasonable and prudent;

state whether they have been prepared in accordance with IFRS as adopted by the UK, subject to any material departures disclosed and explained in the financial statements;

assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and

use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.

Directors

The directors who served during the year were:

Hsin-Erh Chen 
Cheng Yi Tsai 
Chuan-Pin Yang 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

 
LEKTROPACKS LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31ST DECEMBER 2023
Small companies' exemption note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Auditors

The auditorsHamlyns Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 25 March 2024 and signed on its behalf.
 



Hsin-Erh Chen
Director
Page 2

 
LEKTROPACKS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEKTROPACKS LIMITED
 

Opinion


We have audited the financial statements of Lektropacks Limited for the year ended 31st December 2023 which comprise the Statement of Profit or Lossthe Statement of Financial Positionthe Statement of Cash Flowsthe Statement of Changes in Equity and the related notes, including a summary of significant accounting policies set out on pages 11 - 12. The financial reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom.

In our opinion the financial statements:

give a true and fair view of the state of the Company's affairs as at 31st December 2023 and of its loss for the year then ended;

have been properly prepared in accordance with IFRSs as adopted by the United Kingdom; and

have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the Company's ability to continue to adopt the going concern basis of accounting included:
Review of managements budgets and forecasts and performing analysis on these. Review of post year end financials.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information


The other information comprises the information included in the Annual Report, other than the financial statements and our auditors' report thereon.  The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard.

Page 3

 
LEKTROPACKS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEKTROPACKS LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006


In our opinion, based on the work undertaken in the course of the audit: 

the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Page 4

 
LEKTROPACKS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEKTROPACKS LIMITED (CONTINUED)


Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.


Responsibilities of directors

As explained more fully in the directors' responsibilities statement on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The objectives of our audit in respect to irregularities including fraud are to identify and assess the risks of
material misstatement of the financial statements due to such issues. Our approach was to obtain an
understanding of the legal and regulatory frameworks applicable to the entity and the legal and regulatory
requirements regarding the preparation of the financial statements.
We considered the susceptibility of the financial statements to material misstatement, including due to fraud or
other irregularity and desgined tests to provide reasonable assurance that there were no material
misstatements. These included tests of journals, tests to check the authenticity of material payments made, challenging estimates and judgements made by management and reviews of relevant information regarding compliance with the entity's legal and regulatory framework.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial
Page 5

 
LEKTROPACKS LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEKTROPACKS LIMITED (CONTINUED)


Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.




 
 
Oliver Spevack ACA FCCA (Senior Statutory Auditor)
  
for and on behalf of
Hamlyns Limited
 
Sundial House
High Street
Horsell
Woking
Surrey
GU21 4SU

25 March 2024
Page 6

 
LEKTROPACKS LIMITED
 

 
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED 31ST DECEMBER 2023


2023
2022
Note
£
£

  

Revenue
  
377,977
500,423

Cost of sales
  
(299,415)
(410,049)

Gross profit
  
78,562
90,374

  

Administrative expenses
  
(141,316)
(138,209)

Loss from operations
  
(62,754)
(47,835)

  

Finance income
 6 
1,921
195

Loss before tax
  
(60,833)
(47,640)

  

Loss for the year
  
(60,833)
(47,640)

The notes on pages 11 to 17 form part of these financial statements.

Page 7

 
LEKTROPACKS LIMITED
REGISTERED NUMBER: 04470667

 
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023


2023
2022
Note
£
£

Assets

Non-current assets
  

Property, plant and equipment
 8 
-
26

  
-
26

Current assets
  

Inventories
  
54,828
103,890

Trade and other receivables
 9 
46,815
37,750

Cash and cash equivalents
 12 
296,210
320,307

  
397,853
461,947

  

Total assets

  

397,853
461,973

Liabilities

Non-current liabilities
  

Current liabilities
  

Trade and other liabilities
 10 
40,403
43,689

  
40,403
43,689

  

Total liabilities
  
40,403
43,689

  

  

Net assets
  
357,450
418,284


Issued capital and reserves
  

Share capital
 11 
100
100

Share premium reserve
  
200
200

Retained earnings
  
357,150
417,984

TOTAL EQUITY
  
357,450
418,284

The financial statements on pages 7 to 17 were approved and authorised for issue by the board of directors on 25 March 2024 and were signed on its behalf by:

Hsin-Erh Chen
Director

The notes on pages 11 to 17 form part of these financial statements.


Page 8

 
LEKTROPACKS LIMITED


 
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023



Share capital
Share premium
Retained earnings
Total equity


£
£
£
£

At 1st January 2022
100
200
465,624
465,924

Comprehensive income for the year



Loss for the year
-
-
(47,640)
(47,640)

Total comprehensive income for the year
-
-
(47,640)
(47,640)

Contributions by and distributions to owners





At 31st December 2022
100
200
417,984
418,284

At 1st January 2023
100
200
417,984
418,284

Comprehensive income for the year



Loss for the year
-
-
(60,833)
(60,833)

Total comprehensive income for the year
-
-
(60,833)
(60,833)

Contributions by and distributions to owners





At 31st December 2023
100
200
357,151
357,451

The notes on pages 11 to 17 form part of these financial statements.

Page 9

 
LEKTROPACKS LIMITED


 
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2023


2023
2022
Note
£
£

Cash flows from operating activities
  

Loss for the year
  
(60,833)
(47,640)

Adjustments for
  

Depreciation of property, plant and equipment
 8 
-
-

Depreciation of property, plant and equipment
 8 
26
8

Finance income
 6 
-
-

Finance expense
 6 
-
-

  
(60,807)
(47,632)

Movements in working capital:
  

(Increase)/decrease in trade and other receivables
  
(9,089)
38,697

Decrease in inventories
  
49,062
442

Decrease in trade and other payables
  
(3,263)
(9,426)

Cash generated from operations
  
(24,097)
(17,919)

  

Income taxes paid
  
-
-

Net cash used in operating activities

  
(24,097)
(17,919)

Cash flows from investing activities
  

Interest received
  
-
-

Cash flows from financing activities
  

Net decrease in cash and cash equivalents
  
(24,097)
(17,919)

  

Cash and cash equivalents at the beginning of year
  
320,307
338,226

Cash and cash equivalents at the end of the year
 12 
296,210
320,307

The notes on pages 11 to 17 form part of these financial statements.

Page 10

 
LEKTROPACKS LIMITED
 

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

1.


Statutory Information

Lektropacks Limited is a private company, limited by shares, registered in England and Wales. 
The company's registered number is 04470667
The company's registered office address is Sundial House, 98 High Street, Horsell, Woking, Surrey, GU21 4SU. 
The company's principle place of business is Unit 7, Shepperton Business Park, Govett Avenue, Shepperton, TW17 8BA.
The presentation currency of the financial statements is Pound Sterling (£). 


2.


Basis of preparation

The financial statements have been prepared in accordance with International Financial Reporting Standards. International Accounting Standards and Interpretations as adopted by the UK (collectively IFRSs) and the Companies Act 2006. They were authorised for issue by the Company's Board of directors.
Details of the Company's accounting policies, including changes during the year, are included in note 3.
In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the Company accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.
The financial statements have been prepared on the historical cost basis. Historical cost is generally based on the fair value of the consideration given for goods and services.


3.Accounting policies


3.1

Going Concern

The financial statements have been prepared on a going concern basis. The directors have acknowledged the latest guidance on going concern and financial reporting published by the Financial Reporting Council.
The company has significant retained earnings that have been accumulated over a number of years which is the main source of financing. The directors have also considered the current level of cash held by the company and are confident that this together with positive cash flows from trading will be sufficient to enable the company to settle its liabilities as they fall due. Assurances have been received from the directors of the immediate parent company that additional funding would be made available by way of loans or share capital should this be necessary.
During the past year the company has felt the impact of the cost of living crisis, rising inflation as well as more cautionary purchasing from some of our European partners due to the Ukraine War.

Page 11

 
LEKTROPACKS LIMITED
 

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

3.Accounting policies (continued)


3.2

Revenue recognition

Sale of goods - whole sale and internet based transactions
Revenue is recognised when the risks and rewards of ownership have passed to the customer. This is determined as at the point at which goods are dispatched from the Lektropacks Limited premises to the customer. There is limited judgement needed in identifying the point control passes: once physical delivery of the products to the agreed location has occurred, the group no longer has physical possession, usually will have a present right to payment (as a single payment on delivery) and retains none of the significant risks and rewards of the goods in question.
Revenue represents net invoiced sales of goods, excluding value added tax.

 
3.3

Property, plant and equipment

Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment. Any gain or loss on disposal of an item of property, plant and equipment is recognised in profit or loss. Subsequent expenditure is capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.

Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is provided at the following rates:

Plant and machinery
20%
on cost
Computer equipment
20%
on cost


3.4

Financial Instruments

Basic financial instruments are recongised at amortised cost.
The company only has basic financial instruments.


3.5

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


3.6

Slow-moving stock provision

Inventories are provided for over their estimated useful economic life from the date of purchase.
Inventories aged over 1 year old are written down by 25% of their cost. 
Inventories aged over 2 years old are written down by 50% of their cost.
Inventories aged over 3 years old are written down by 100% of their cost.


3.7

Taxation

Current taxes are based on the results in the financial statement and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Page 12

 
LEKTROPACKS LIMITED
 

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

4.


Employee benefit expenses

2023
2022
£
£

Employee benefit expenses (including directors) comprise:

Wages and salaries
66,942
74,572

National insurance
6,832
7,387

Defined contribution pension cost
2,276
2,720

76,050
84,679


The monthly average number of persons, including the directors, employed by the Company during the year was as follows:


2023
2022
No.
No.

Average number of employees
3
3

3
3


5.


Turnover by geographical market

2023
2022
£
£



United Kingdom
371,941
474,421

Europe
-
19,355

371,941
493,776

Page 13

 
LEKTROPACKS LIMITED
 

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

6.


Finance income and expense

Recognised in profit or loss


2023
2022
£
£
Finance income

Interest on:
Bank deposits
1,921
195


Total finance income

1,921
195

Finance expense

Foreign exchange gain
-
-


Net finance income recognised in profit or loss
1,921
195


7.


Tax expense

7.1 Income tax recognised in profit or loss



No liability to UK corporation tax arose for the year ended 31 December 2023 nor for the year ended 31 December 2022.




The reasons for the difference between the actual tax charge for the year and the standard rate of corporation tax in the United Kingdom applied to losses for the year are as follows:


2023
2022
£
£


Loss for the year
(60,834)
(47,640)

Loss before income taxes
(60,834)
(47,640)


Tax using the Company's domestic tax rate of 19% (2022:19%)
(11,558)
(9,052)

Unrelieved tax losses carried forward
11,558
9,052

Total tax expense
-
-

Factors that may affect future tax charges
An increase in the UK corporation tax rate from 19% to 25% (this was effective from 1 April 2023) was substantially enacted on May 2021. This will increase the company's future tax charge accordingly.To note, the rate of taxable profit applied, stands at 19% for 2023.

Page 14

 
LEKTROPACKS LIMITED
 

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

8.


Property, plant and equipment





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation





At 1 January 2022
1,331
133
1,464



At 31 December 2022
1,331
133
1,464



At 31 December 2023
1,331
133
1,464


Plant and machinery
Computer equipment
Total

£
£
£



Accumulated depreciation and impairment





At 1 January 2022
1,331
99
1,430


Charge owned for the year
-
8
8



At 31 December 2022
1,331
107
1,438


Charge owned for the year
-
25
25



At 31 December 2023
1,331
132
1,463



Net book value


At 1 January 2022
-
34
34


At 31 December 2022
-
26
26


At 31 December 2023
-
1
1


Page 15

 
LEKTROPACKS LIMITED
 

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

9.


Trade and other receivables


2023
2022
£
£


Trade receivables
38,479
27,627

Prepayments and accrued income
7,420
7,214

Other receivables
916
2,909

Total trade and other receivables
46,815
37,750


10.


Trade and other payables


2023
2022
£
£


Trade payables
30,978
34,689

Accruals
9,425
9,000

Total trade and other payables
40,403
43,689

11.


Share capital

Authorised

2023
2023
2022
2022
Number
£
Number
£

Shares treated as equity
Ordinary shares shares of £1.00 each

100

100

100
 
100
 
100

100

100
 
100
 

Issued and fully paid


2023
2023
2022
2022
Number
£
Number
£

Ordinary shares shares of £1.00 each

At 1 January and 31 December
100

100

100
 
100
 

Page 16

 
LEKTROPACKS LIMITED
 

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

12.

Notes supporting statement of cash flows

2023
2022
£
£


Cash at bank available on demand
296,197
320,241

Cash on hand
13
66

Cash and cash equivalents in the statement of financial position

296,210
320,307


Cash and cash equivalents in the statement of cash flows
296,210
320,307


13.


Related Party Disclosures

During the year, Lektropacks Limited purchased goods and was recharged expenses from a fellow subsidiary company amounting to £88,355 (2022: £450,657).
At 31st December 2022 Lektropacks owed the same subsidiary company £237,016 (2022: £32,124). 


14.


Issued Financial Guarantees

The company has a cross guarantee with Barclays Bank Plc with CYP (UK) Limited, a company under
common control, which is secured by a fixed and floating charge over the assets of the company, dated
19th May 2003. 
Barclays Bank Plc holds a fixed and floating charge over the assets of the company in respect of a bond
guarantee. This charge is dated 3rd March 2020. 


15.


Ultimate Controlling Party

Cypress Technology Co Limited (Taiwan) is the ultimate parent company by virtue of their shareholding. Cypress Technology Co Limited (Taiwan) is the ultimate controlling party.

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