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REGISTERED NUMBER: 02508790 (England and Wales)




















IRWELL & MERSEY PACKET COMPANY LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2023






IRWELL & MERSEY PACKET COMPANY LIMITED (REGISTERED NUMBER: 02508790)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRWELL & MERSEY PACKET COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr G Salt



REGISTERED OFFICE: 3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU



REGISTERED NUMBER: 02508790 (England and Wales)



ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU



BANKERS: The Royal Bank of Scotland
Salford Quays Branch
Navigation House
Furness Quay, The Quays
Salford
M5 2XZ

IRWELL & MERSEY PACKET COMPANY LIMITED (REGISTERED NUMBER: 02508790)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,531 195,751

CURRENT ASSETS
Debtors 5 41,885 24,779
Cash at bank and in hand 394,222 173,199
436,107 197,978
CREDITORS
Amounts falling due within one year 6 97,876 60,565
NET CURRENT ASSETS 338,231 137,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,762

333,164

CREDITORS
Amounts falling due after more than one
year

7

6,207

36,977
NET ASSETS 532,555 296,187

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 532,455 296,087
SHAREHOLDERS' FUNDS 532,555 296,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IRWELL & MERSEY PACKET COMPANY LIMITED (REGISTERED NUMBER: 02508790)

Balance Sheet - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr G Salt - Director


IRWELL & MERSEY PACKET COMPANY LIMITED (REGISTERED NUMBER: 02508790)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Irwell & Mersey Packet Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% straight line and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

IRWELL & MERSEY PACKET COMPANY LIMITED (REGISTERED NUMBER: 02508790)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 322,506
Additions 78,452
At 31 October 2023 400,958
DEPRECIATION
At 1 November 2022 126,755
Charge for year 73,672
At 31 October 2023 200,427
NET BOOK VALUE
At 31 October 2023 200,531
At 31 October 2022 195,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,056 3,031
Other debtors 40,829 21,748
41,885 24,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,461 15,118
Trade creditors 9,874 12,699
Taxation and social security 76,674 10,785
Other creditors 8,867 21,963
97,876 60,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,207 36,977

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Simon Salt.