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REGISTERED NUMBER: 05013762 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

ACL PACKAGING SOLUTIONS LIMITED

ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)






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


ACL PACKAGING SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D G Walker
Mr J W Bentley





SECRETARY: Mr D G Walker





REGISTERED OFFICE: Unit F, Argent Court
Hook Rise South
Surbiton
Surrey
KT6 7NL





REGISTERED NUMBER: 05013762 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 445,798 488,899

CURRENT ASSETS
Stocks 94,945 145,865
Debtors 5 538,995 662,052
Cash at bank and in hand 17,824 64,445
651,764 872,362
CREDITORS
Amounts falling due within one year 6 327,125 447,130
NET CURRENT ASSETS 324,639 425,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,437

914,131

CREDITORS
Amounts falling due after more than one
year

7

(84,818

)

(140,075

)

PROVISIONS FOR LIABILITIES (83,818 ) (91,814 )
NET ASSETS 601,801 682,242

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 551,801 632,242
SHAREHOLDERS' FUNDS 601,801 682,242

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.

ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)

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 27 August 2024 and were signed on its behalf by:




Mr D G Walker - Director



Mr J W Bentley - Director


ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)

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

1. STATUTORY INFORMATION

ACL Packaging Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 50 years straight line
Long term- leasehold property - Overm term of lease
Plant & machinery - 10% straight line
Motor vehicles - 25% reducing balance
Fixtures & fittings & Computer equipment - 10-20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 914,655 32,014 32,238 978,907
Additions 26,785 - - 26,785
At 31 March 2024 941,440 32,014 32,238 1,005,692
DEPRECIATION
At 1 April 2023 444,922 21,185 23,901 490,008
Charge for year 64,486 3,144 2,256 69,886
At 31 March 2024 509,408 24,329 26,157 559,894
NET BOOK VALUE
At 31 March 2024 432,032 7,685 6,081 445,798
At 31 March 2023 469,733 10,829 8,337 488,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 260,688 390,609
Other debtors 278,307 271,443
538,995 662,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 175,440 237,091
Taxation and social security 35,757 69,775
Other creditors 115,928 140,264
327,125 447,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other creditors 84,818 140,075

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
50,000 Ordinary 1 50,000 50,000

ACL PACKAGING SOLUTIONS LIMITED (REGISTERED NUMBER: 05013762)

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

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to its directors.

Mr D G Walker - £9,961 (2023: 10,732)
Mr J W Bentley - £26,390 (2023 : £28,167)

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr D G Walker, Mr J W Bentley the directors of the company.