K M C PACKAGING & BUSINESS PRODUCTS LTD

Company Registration Number:
06450417 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

K M C PACKAGING & BUSINESS PRODUCTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

K M C PACKAGING & BUSINESS PRODUCTS LTD

Company Information

for the Period Ended 31 December 2023




Director: Kevin McHugh
Registered office: Magnolia House
33 Moorgate Avenue
Liverpool
Merseyside
L23 0UE
Company Registration Number: 06450417 (England and Wales)

K M C PACKAGING & BUSINESS PRODUCTS LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

Sourcing, marketing and selling a range of Packaging Products.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Kevin McHugh

This report was approved by the board of directors on 11 September 2024
And Signed On Behalf Of The Board By:

Name: Kevin McHugh
Status: Director

K M C PACKAGING & BUSINESS PRODUCTS LTD

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 75,258 71,076
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 5,029 ) ( 4,435 )
Administrative Expenses ( 68,700 ) ( 62,910 )
Operating Profit or (Loss) 1,529 3,731
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 467 ) ( 611 )
Profit or (Loss) Before Tax 1,062 3,120
Tax on Profit ( 201 ) ( 593 )
Profit or (Loss) for Period 861 2,527

The notes form part of these financial statements

K M C PACKAGING & BUSINESS PRODUCTS LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 3,750 5,850
Total fixed assets: 3,750 5,850
Current assets
Stocks: 13,277 12,697
Debtors: 15,855 22,380
Cash at bank and in hand: 23,104 30,815
Total current assets: 52,236 65,892
Creditors: amounts falling due within one year: ( 33,194 ) ( 41,228 )
Net current assets (liabilities): 19,042 24,664
Total assets less current liabilities: 22,792 30,514
Creditors: amounts falling due after more than one year: ( 9,584 ) ( 15,972 )
Total net assets (liabilities): 13,208 14,542

The notes form part of these financial statements

K M C PACKAGING & BUSINESS PRODUCTS LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 13,203 14,537
Shareholders funds: 13,208 14,542

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 September 2024
And Signed On Behalf Of The Board By:

Name: Kevin McHugh
Status: Director

The notes form part of these financial statements

K M C PACKAGING & BUSINESS PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

K M C PACKAGING & BUSINESS PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

K M C PACKAGING & BUSINESS PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

K M C PACKAGING & BUSINESS PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 January 2023 5,850
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 December 2023 5,850
    Amortisation
    Charge for year 2,100
    On disposals -
    Other adjustments -
    Amortisation at 31 December 2023 2,100
    Net book value
    Net book value at 31 December 2023 3,750
    Net book value at 31 December 2022 5,850