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Registered number: 06970990
Room Packs Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06970990
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,030 59,737
54,030 59,737
CURRENT ASSETS
Stocks 5 64,043 62,354
Debtors 6 23,926 30,498
Cash at bank and in hand 2,372 3,555
90,341 96,407
Creditors: Amounts Falling Due Within One Year 7 (75,447 ) (63,118 )
NET CURRENT ASSETS (LIABILITIES) 14,894 33,289
TOTAL ASSETS LESS CURRENT LIABILITIES 68,924 93,026
Creditors: Amounts Falling Due After More Than One Year 8 (309,381 ) (258,541 )
NET LIABILITIES (240,457 ) (165,515 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (240,556 ) (165,615 )
SHAREHOLDERS' FUNDS (240,456) (165,515)
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Punit Shah
Director
22 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Room Packs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06970990 . The registered office is 22 Leys Avenue, Letchworth Garden City, Hertfordshire, SG6 3EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 3
2 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 73,294
Additions 1,029
As at 31 July 2023 74,323
Depreciation
As at 1 August 2022 13,557
Provided during the period 6,736
As at 31 July 2023 20,293
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2023 54,030
As at 1 August 2022 59,737
5. Stocks
2023 2022
£ £
Materials 64,043 62,354
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 43 2,270
Other debtors 21,000 21,000
Other taxes and social security 2,883 7,228
23,926 30,498
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 53,112 46,215
Bank loans and overdrafts 12,132 11,789
Other creditors - 568
Accruals and deferred income 287 866
Director's loan account 9,916 3,680
75,447 63,118
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 59,381 68,541
Directors loan account 250,000 190,000
309,381 258,541
Page 4