Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31acting as broker and distributor of gift packaging22023-01-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05169167 2023-01-01 2023-12-31 05169167 2022-01-01 2022-12-31 05169167 2023-12-31 05169167 2022-12-31 05169167 c:Director1 2023-01-01 2023-12-31 05169167 d:OfficeEquipment 2023-01-01 2023-12-31 05169167 d:OfficeEquipment 2023-12-31 05169167 d:OfficeEquipment 2022-12-31 05169167 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05169167 d:ComputerEquipment 2023-01-01 2023-12-31 05169167 d:ComputerEquipment 2023-12-31 05169167 d:ComputerEquipment 2022-12-31 05169167 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05169167 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05169167 d:CurrentFinancialInstruments 2023-12-31 05169167 d:CurrentFinancialInstruments 2022-12-31 05169167 d:Non-currentFinancialInstruments 2023-12-31 05169167 d:Non-currentFinancialInstruments 2022-12-31 05169167 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05169167 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05169167 d:ShareCapital 2023-12-31 05169167 d:ShareCapital 2022-12-31 05169167 d:RetainedEarningsAccumulatedLosses 2023-12-31 05169167 d:RetainedEarningsAccumulatedLosses 2022-12-31 05169167 c:FRS102 2023-01-01 2023-12-31 05169167 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05169167 c:FullAccounts 2023-01-01 2023-12-31 05169167 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05169167 2 2023-01-01 2023-12-31 05169167 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05169167










JCA PACKAGING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JCA PACKAGING LIMITED
REGISTERED NUMBER: 05169167

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
5,475
8,531

Current assets
  

Debtors: amounts falling due after more than one year
 5 
1,672,874
1,578,808

Debtors: amounts falling due within one year
 5 
452
-

Cash at bank and in hand
 6 
60,192
188,506

  
1,733,518
1,767,314

Creditors: amounts falling due within one year
 7 
(61,327)
(118,740)

Net current assets
  
 
 
1,672,191
 
 
1,648,574

  

Net assets
  
1,677,666
1,657,105


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,677,566
1,657,005

  
1,677,666
1,657,105


Page 1

 
JCA PACKAGING LIMITED
REGISTERED NUMBER: 05169167
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
John Kemp
Director

Date: 16 April 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

JCA Packaging Limited is a private limited company registered in England and Wales. 
The Company’s registered office and principal place of business is 16 Partridge Lane, Bromham, Bedford, Bedfordshire, MK43 8PQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP presented to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Office equipment
-
15%
reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
633
8,924
9,557



At 31 December 2023

633
8,924
9,557



Depreciation


At 1 January 2023
95
931
1,026


Charge for the year on owned assets
81
2,975
3,056



At 31 December 2023

176
3,906
4,082



Net book value



At 31 December 2023
457
5,018
5,475



At 31 December 2022
538
7,993
8,531


5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
1,672,874
1,578,808


2023
2022
£
£

Due within one year

Other debtors
452
-

452
-


Page 7

 
JCA PACKAGING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
60,192
188,506



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
55,871
94,981

Other taxation and social security
-
17,507

Other creditors
2,956
4,252

Accruals and deferred income
2,500
2,000

61,327
118,740



8.


Related party transactions

Blue Diamond Assets Limited is a company in which John Kemp is a director. As at 31 December 2023, Blue Diamond Assets Limited owed JCA Packaging Limited £1,672,874 (2022 - £1,578,808). Interest has been accrued on this account during the year at 2% above base and amounted to £94,066 (2022 - £48,803). This has not yet been paid and is included within debtors due within more than one year.
 

Page 8