IRIS Accounts Production v24.2.0.383 06528791 Board of Directors 1.1.23 31.12.23 31.12.23 2.4.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065287912022-12-31065287912023-12-31065287912023-01-012023-12-31065287912021-12-31065287912022-01-012022-12-31065287912022-12-3106528791ns15:EnglandWales2023-01-012023-12-3106528791ns14:PoundSterling2023-01-012023-12-3106528791ns10:Director12023-01-012023-12-3106528791ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106528791ns10:SmallEntities2023-01-012023-12-3106528791ns10:Audited2023-01-012023-12-3106528791ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106528791ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106528791ns10:FullAccounts2023-01-012023-12-3106528791ns10:Director32023-01-012023-12-3106528791ns10:RegisteredOffice2023-01-012023-12-3106528791ns5:CurrentFinancialInstruments2023-12-3106528791ns5:CurrentFinancialInstruments2022-12-3106528791ns5:Non-currentFinancialInstruments2023-12-3106528791ns5:Non-currentFinancialInstruments2022-12-3106528791ns5:ShareCapital2023-12-3106528791ns5:ShareCapital2022-12-3106528791ns5:SharePremium2023-12-3106528791ns5:SharePremium2022-12-3106528791ns5:RetainedEarningsAccumulatedLosses2023-12-3106528791ns5:RetainedEarningsAccumulatedLosses2022-12-3106528791ns5:PlantMachinery2023-01-012023-12-3106528791ns5:PlantMachinery2022-12-3106528791ns5:PlantMachinery2023-12-3106528791ns5:PlantMachinery2022-12-3106528791ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3106528791ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106528791ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3106528791ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3106528791ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106528791ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106528791ns5:RetainedEarningsAccumulatedLosses2022-12-3106528791ns5:SharePremium2022-12-3106528791ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 06528791 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Rotom Cargo Pak Ltd

Rotom Cargo Pak Ltd (Registered number: 06528791)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rotom Cargo Pak Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Rotom Europe BV
C S Player





REGISTERED OFFICE: Unit 1 Dosco Industrial Estate
Ollerton Road
Tuxford
Nottingham
NG22 0PQ





REGISTERED NUMBER: 06528791 (England and Wales)





AUDITORS: RWB CA Limited
81 Melton Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6EN

Rotom Cargo Pak Ltd (Registered number: 06528791)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 928,310 489,017

CURRENT ASSETS
Stocks 719,832 963,354
Debtors 5 907,340 753,939
Cash at bank and in hand 23,793 73,723
1,650,965 1,791,016
CREDITORS
Amounts falling due within one year 6 2,266,816 2,210,287
NET CURRENT LIABILITIES (615,851 ) (419,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,459

69,746

CREDITORS
Amounts falling due after more than one
year

7

308,500

-
NET ASSETS 3,959 69,746

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 9 19,701 19,701
Retained earnings 9 (15,942 ) 49,845
SHAREHOLDERS' FUNDS 3,959 69,746

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 25 March 2024 and were signed on its behalf by:





C S Player - Director


Rotom Cargo Pak Ltd (Registered number: 06528791)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Rotom Cargo Pak Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06528791, and the registered office is

Unit 1 Dosco Industrial Estate
Ollerton Road
Tuxford
Nottingham
NG22 0PQ

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.

Going concern
The financial statements are prepared on a going concern basis which assumes that the company will continue to trade for the foreseeable future. The directors consider this to be appropriate and in the interest of the shareholders.

Functional currency
The financial statements are prepared in Sterling (£) which is the functional currency of the company.

Turnover
Turnover represents net invoiced sales of goods, services supplied and rental of material handling equipment, and the value of work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% on cost, 25% on reducing balance, 20% on reducing balance and 10% on cost

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

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.


Rotom Cargo Pak Ltd (Registered number: 06528791)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 21 ) .

Rotom Cargo Pak Ltd (Registered number: 06528791)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 663,121
Additions 665,180
At 31 December 2023 1,328,301
DEPRECIATION
At 1 January 2023 174,104
Charge for year 225,887
At 31 December 2023 399,991
NET BOOK VALUE
At 31 December 2023 928,310
At 31 December 2022 489,017

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 11,950
DEPRECIATION
At 1 January 2023 4,382
Charge for year 2,390
At 31 December 2023 6,772
NET BOOK VALUE
At 31 December 2023 5,178
At 31 December 2022 7,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 782,659 685,438
Amounts owed by group undertakings 80,986 20,510
Other debtors 43,695 47,991
907,340 753,939

Included within trade debtors above is an amount of £752,677 (December 2022:£719,853) against which a factoring company had advanced funds of £247,242 (December 2022: £419,292) at the year end.

Rotom Cargo Pak Ltd (Registered number: 06528791)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts 598 4,183
Trade creditors 300,406 461,753
Amounts owed to group undertakings 1,381,949 1,018,606
Social security and other taxes 206,374 85,247
Other creditors 252,362 423,377
Accrued expenses and deferred income 125,127 217,121
2,266,816 2,210,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Amounts owed to group undertakings 308,500 -

8. SECURED DEBTS

At the year end an amount of £247,242 (December 2022: £419,292) was owed to a factoring company which was secured on the trade debtors of the company. In addition £598 (December 2022: £4,183) was owed to a finance company which was secured on the company motor vehicles.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 49,845 19,701 69,546
Deficit for the year (65,787 ) (65,787 )
At 31 December 2023 (15,942 ) 19,701 3,759

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Neil Coupland (Senior Statutory Auditor)
for and on behalf of RWB CA Limited

11. OTHER FINANCIAL COMMITMENTS

At the year end the company had the following lease commitments:-

Payments due inLess than one yearTwo to five years
Land and buildings88,933154,706
Plant and machinery11,27821,801

Rotom Cargo Pak Ltd (Registered number: 06528791)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. ULTIMATE CONTROLLING PARTY

Rotom Europe BV owns 100% (2022: 100%) of the share capital of this company. Rotom Europe BV is ultimately owned by Waterland Private Equity Fund VIII C.V. which is registered in The Netherlands.

The smallest group into which Cargo Pak Limited's results will be consolidated is headed by Rotom Europe BV. Their registered address is Ekkersrijt 1428, Son en Breugel, 5692AK, Netherlands.