Agenda Boxes & Packaging Limited 09479373 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is the manufacture of packaging. Digita Accounts Production Advanced 6.30.9574.0 true 09479373 2022-09-01 2023-08-31 09479373 2023-08-31 09479373 bus:Director2 1 2023-08-31 09479373 bus:Director3 1 2023-08-31 09479373 core:RetainedEarningsAccumulatedLosses 2023-08-31 09479373 core:RevaluationReserve 2023-08-31 09479373 core:ShareCapital 2023-08-31 09479373 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-08-31 09479373 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-08-31 09479373 core:CurrentFinancialInstruments 2023-08-31 09479373 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09479373 core:Non-currentFinancialInstruments 2023-08-31 09479373 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09479373 core:FurnitureFittingsToolsEquipment 2023-08-31 09479373 core:MotorVehicles 2023-08-31 09479373 bus:SmallEntities 2022-09-01 2023-08-31 09479373 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09479373 bus:FullAccounts 2022-09-01 2023-08-31 09479373 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09479373 bus:RegisteredOffice 2022-09-01 2023-08-31 09479373 bus:Director1 2022-09-01 2023-08-31 09479373 bus:Director2 2022-09-01 2023-08-31 09479373 bus:Director2 1 2022-09-01 2023-08-31 09479373 bus:Director3 2022-09-01 2023-08-31 09479373 bus:Director3 1 2022-09-01 2023-08-31 09479373 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09479373 bus:Agent1 2022-09-01 2023-08-31 09479373 core:ComputerEquipment 2022-09-01 2023-08-31 09479373 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09479373 core:MotorVehicles 2022-09-01 2023-08-31 09479373 core:PlantMachinery 2022-09-01 2023-08-31 09479373 countries:EnglandWales 2022-09-01 2023-08-31 09479373 2022-08-31 09479373 bus:Director2 1 2022-08-31 09479373 bus:Director3 1 2022-08-31 09479373 core:FurnitureFittingsToolsEquipment 2022-08-31 09479373 core:MotorVehicles 2022-08-31 09479373 2021-09-01 2022-08-31 09479373 2022-08-31 09479373 bus:Director2 1 2022-08-31 09479373 core:RetainedEarningsAccumulatedLosses 2022-08-31 09479373 core:RevaluationReserve 2022-08-31 09479373 core:ShareCapital 2022-08-31 09479373 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-08-31 09479373 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-08-31 09479373 core:CurrentFinancialInstruments 2022-08-31 09479373 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09479373 core:Non-currentFinancialInstruments 2022-08-31 09479373 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09479373 core:FurnitureFittingsToolsEquipment 2022-08-31 09479373 core:MotorVehicles 2022-08-31 09479373 bus:Director2 1 2021-09-01 2022-08-31 09479373 bus:Director2 1 2021-08-31 iso4217:GBP xbrli:pure

Registration number: 09479373

Agenda Boxes & Packaging Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Agenda Boxes & Packaging Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Agenda Boxes & Packaging Limited

Company Information

Directors

Mr G M Barker

Mr A Clarkson

Mr G D Hall

Registered office

Albert Mills,
Clayton Street,
Nelson
Lancashire
BB9 7PH

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Agenda Boxes & Packaging Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agenda Boxes & Packaging Limited for the year ended 31 August 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Agenda Boxes & Packaging Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Agenda Boxes & Packaging Limited and state those matters that we have agreed to state to the Board of Directors of Agenda Boxes & Packaging Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agenda Boxes & Packaging Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Agenda Boxes & Packaging Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Agenda Boxes & Packaging Limited. You consider that Agenda Boxes & Packaging Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Agenda Boxes & Packaging Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

16 April 2024

 

Agenda Boxes & Packaging Limited

(Registration number: 09479373)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

485,930

530,920

Current assets

 

Stocks

5

303,220

297,150

Debtors

6

670,900

789,084

Cash at bank and in hand

 

171,518

109,599

 

1,145,638

1,195,833

Creditors: Amounts falling due within one year

7

(1,064,064)

(1,167,021)

Net current assets

 

81,574

28,812

Total assets less current liabilities

 

567,504

559,732

Creditors: Amounts falling due after more than one year

7

(71,753)

(215,014)

Provisions for liabilities

(50,614)

(64,495)

Net assets

 

445,137

280,223

Capital and reserves

 

Called up share capital

96,000

96,000

Revaluation reserve

60,000

60,000

Retained earnings

289,137

124,223

Shareholders' funds

 

445,137

280,223

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

 

Agenda Boxes & Packaging Limited

(Registration number: 09479373)
Balance Sheet as at 31 August 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 April 2024 and signed on its behalf by:
 

.........................................
Mr G D Hall
Director

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Albert Mills,
Clayton Street,
Nelson
Lancashire
BB9 7PH

These financial statements were authorised for issue by the Board on 16 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Computer equipment

33.33% straight line

Motor vehicles

25% straight line

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 21 (2022 - 22).

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

825,820

25,888

851,708

Additions

44,056

-

44,056

Disposals

-

(23,388)

(23,388)

At 31 August 2023

869,876

2,500

872,376

Depreciation

At 1 September 2022

304,030

16,758

320,788

Charge for the year

80,489

3,548

84,037

Eliminated on disposal

-

(18,379)

(18,379)

At 31 August 2023

384,519

1,927

386,446

Carrying amount

At 31 August 2023

485,357

573

485,930

At 31 August 2022

521,790

9,130

530,920

5

Stocks

2023
£

2022
£

Other inventories

303,220

297,150

6

Debtors

2023
£

2022
£

Trade debtors

576,984

708,606

Prepayments

22,016

56,078

Other debtors

71,900

24,400

670,900

789,084

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

143,286

208,935

Trade creditors

 

241,036

256,724

Taxation and social security

 

63,202

59,929

Accruals and deferred income

 

126,241

35,205

Other creditors

 

490,299

606,228

 

1,064,064

1,167,021

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

71,753

215,014

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

33,773

100,137

Hire purchase contracts

37,980

114,877

71,753

215,014

2023
£

2022
£

Current loans and borrowings

Bank borrowings

66,909

66,910

Hire purchase contracts

76,377

142,025

143,286

208,935

 

Agenda Boxes & Packaging Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

9

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

At 31 August 2023
£

Mr A Clarkson

Unsecured and repayable on demand

400

-

400

       
     

Mr G D Hall

Unsecured and repayable on demand - interest charged at official rate

-

50,000

50,000

       
     

 

2022

At 1 September 2021
£

At 31 August 2022
£

Mr A Clarkson

Unsecured and repayable on demand

400

400