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have been prepared in accordance with the requirements of the Companies Act 2006. |
|
Basis of 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 Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’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. |
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 Auditor’s 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 UK, including the FRC’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. |
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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. |
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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. |
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Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
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Other information |
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our 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. |
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We have nothing to report in this regard. |
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Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
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the information given in the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |
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the directors’ report has been prepared in accordance with applicable legal requirements. |
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Matters on which we are required to report by exception |
Auditor’s 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 auditor’s 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. |
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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 dependant upon the effectiveness of management controls and the nature, timing and extent of the audit procedures carried out, which included: |
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Auditing the risk of management override of controls ; Enquiries of those charged with governance; Reviewing disclosures in the accounts; Validating inter group balances. |
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R D Jones (Management Consultants) Limited |
Notes to the Accounts |
for the period from 1 December 2022 to 31 July 2023 |
|
|
|
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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|
|
Group accounts |
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The company is exempt from the requirement to prepare group accounts. These accounts therefore present information about the company as an individual undertaking and not about its group. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Investments in |
subsidiary |
|
Fixed asset investments |
undertakings |
£ |
|
Cost |
|
At 1 December 2022 |
28,801 |
|
|
At 31 July 2023 |
28,801 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 December 2022 |
28,801 |
|
At 31 July 2023 |
28,801 |
|
|
|
|
|
|
|
|
|
3 |
Investments (continued) |
|
Subsidiary undertaking |
|
|
The company has one subsidiary which is registered in England, and which makes up its accounts to the same date as this company. Group accounts have not been prepared because the group is small and entitled to the exemption applicable to such groups. |
|
|
Details of the subsidiary are as follows: |
Issued share |
Percentage |
Book value |
capital (all in |
interest of |
of holding |
ordinary shares |
this |
of £1 each) |
company |
£ |
£ |
|
|
BG Packaging Limited |
100 |
|
100% |
28,801 |
|
The registered address of the subsidiary is the same as the company. |
|
|
Results of subsidiary for the period ending 31 July 2023 |
|
|
|
|
|
|
2023 |
|
2022 |
£ |
£ |
|
BG Packaging Limited |
|
Profit after Taxation |
485,478 |
|
828,711 |
|
Aggregate value of capital and reserves |
3,334,652 |
|
3,449,174 |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Loans |
28,701 |
|
28,701 |
|
|
|
|
|
|
|
|
|
|
5 |
Controlling party |
|
|
The company's parent undertaking at the balance sheet date was Forbi Pi Limited, a company incorporated in Jersey. The Ultimate Controlling Party is R D Jones . |
|
|
6 |
Other information |
|
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R D Jones (Management Consultants) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
BG Group Office |
|
7 Brundon Lane |
|
Sudbury |
|
Suffolk |
|
CO10 1XR |