SHAW PACKAGING SERVICES LIMITED

Company Registration Number:
04718378 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SHAW PACKAGING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SHAW PACKAGING SERVICES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 264 1,208
Total fixed assets: 264 1,208
Current assets
Debtors: 4 43,711 36,126
Cash at bank and in hand: 473 5,311
Total current assets: 44,184 41,437
Creditors: amounts falling due within one year: 5 (40,317) (29,056)
Net current assets (liabilities): 3,867 12,381
Total assets less current liabilities: 4,131 13,589
Total net assets (liabilities): 4,131 13,589
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 3,131 12,589
Shareholders funds: 4,131 13,589

The notes form part of these financial statements

SHAW PACKAGING SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 April 2024
and signed on behalf of the board by:

Name: Edward Olorenshaw
Status: Director

The notes form part of these financial statements

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Computer equipment - 33% straight line

Other accounting policies

DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.Foreign currency translationTransactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 4,130
At 31 March 2024 4,130
Depreciation
At 01 April 2023 2,922
Charge for year 944
At 31 March 2024 3,866
Net book value
At 31 March 2024 264
At 31 March 2023 1,208

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

Trade debtors - £28,711 (2023 - £36,126), Other debtors - £15,000 (2023 - £Nil).

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts - £6,408 (2023 - £Nil).Trade creditors - £27,141 (2023 - £12,676).Corporation tax - £5,157 (2023 - £6,563).Other taxes and social security - £370 (2023 - £8,822).Other creditors - £1,241 (2023 - £995).

SHAW PACKAGING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Loans to directors

Name of director receiving advance or credit: Edward Olorenshaw
Description of the loan: On 20th October 2023 the company provided the director with an interest free loan of £7,500. The loan was unsecured and repayable on demand, and was repaid in full on 4th April 2024.
£
Balance at 01 April 2023 0
Advances or credits made: 7,500
Balance at 31 March 2024 7,500
Name of director receiving advance or credit: Jean Olorenshaw
Description of the loan: On 20th October 2023 the company provided the director with an interest free loan of £7,500. The loan was unsecured and repayable on demand and was repaid in full on 4th April 2024.
£
Balance at 01 April 2023 0
Advances or credits made: 7,500
Balance at 31 March 2024 7,500