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REGISTERED NUMBER: 05466913 (England and Wales)










Financial Statements for the Year Ended 31 March 2024

for

Intelligent Packaging Ltd

Intelligent Packaging Ltd (Registered number: 05466913)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Intelligent Packaging Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E L Curling
Mrs K L Surtees-Curling





SECRETARY: Mrs K L Surtees-Curling





REGISTERED OFFICE: Trelawny
Ditchling Road
Wivelsfield
East Sussex
RH17 7RF





REGISTERED NUMBER: 05466913 (England and Wales)





ACCOUNTANTS: Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR

Intelligent Packaging Ltd (Registered number: 05466913)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336 532
Investments 5 - -
336 532

CURRENT ASSETS
Debtors 6 2,689 779
Cash at bank 30,273 47,084
32,962 47,863
CREDITORS
Amounts falling due within one year 7 8,833 11,248
NET CURRENT ASSETS 24,129 36,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,465

37,147

PROVISIONS FOR LIABILITIES 8 64 101
NET ASSETS 24,401 37,046

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 24,399 37,044
SHAREHOLDERS' FUNDS 24,401 37,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Intelligent Packaging Ltd (Registered number: 05466913)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





E L Curling - Director


Intelligent Packaging Ltd (Registered number: 05466913)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Intelligent Packaging Ltd 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

Fixed asset investments
Fixed asset investments are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

Intelligent Packaging Ltd (Registered number: 05466913)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 9,123 4,036 377 2,653 16,189
DEPRECIATION
At 1 April 2023 9,122 3,734 254 2,547 15,657
Charge for year - 76 18 102 196
At 31 March 2024 9,122 3,810 272 2,649 15,853
NET BOOK VALUE
At 31 March 2024 1 226 105 4 336
At 31 March 2023 1 302 123 106 532

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 30,000
PROVISIONS
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

The company's investment of £30,000 in Fuse Innovation Group Limited has been written down to £nil.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 678 435
Other debtors 2,011 344
2,689 779

Intelligent Packaging Ltd (Registered number: 05466913)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 1
Trade creditors 2,091 762
Taxation and social security - 1,708
Other creditors 6,742 8,777
8,833 11,248

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 64 101

Deferred
tax
£   
Balance at 1 April 2023 101
Decrease in capital
allowances in excess of
depreciation (37 )
Balance at 31 March 2024 64

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2023 37,044
Deficit for the year (10,645 )
Dividends (2,000 )
At 31 March 2024 24,399

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £4,000) were paid to the directors .

Intelligent Packaging Ltd (Registered number: 05466913)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RELATED PARTY DISCLOSURES - continued

As at 31 March 2024 the director E L Curling was owed £1,646 (2023 - £2,539) by the company and Mrs K L Surtees-Curling was owed £1,646 (2023 - £2,539) by the company. These loans are interest free with no set repayment terms.

All transaction were undertaken on a commercial arms length basis.

Intelligent Packaging Ltd

Report of the Accountants to the Directors of
Intelligent Packaging Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR


23 August 2024