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REGISTERED NUMBER: 01318091 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jaymar Packaging Limited

Jaymar Packaging Limited (Registered number: 01318091)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Jaymar Packaging Limited (Registered number: 01318091)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 947,919 2,409,457

CURRENT ASSETS
Debtors 5 1,497,076 1,477,956
Cash at bank 237,716 464,259
1,734,792 1,942,215
CREDITORS
Amounts falling due within one year 6 1,962,423 754,783
NET CURRENT (LIABILITIES)/ASSETS (227,631 ) 1,187,432
TOTAL ASSETS LESS CURRENT LIABILITIES 720,288 3,596,889

CREDITORS
Amounts falling due after more than one year 7 (496,667 ) (211,217 )

PROVISIONS FOR LIABILITIES (169,618 ) (255,390 )
NET ASSETS 54,003 3,130,282

CAPITAL AND RESERVES
Called up share capital 9 45 45
Non distributable reserves 10 - 803,609
Capital redemption reserve 10 55 55
Retained earnings 10 53,903 2,326,573
SHAREHOLDERS' FUNDS 54,003 3,130,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2024 and were signed on its behalf by:



Mr C A Street - Director


Jaymar Packaging Limited (Registered number: 01318091)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jaymar Packaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01318091

Registered office: Jaymar House
First Avenue
Crewe Gate Industrial Estate
Crewe
Cheshire
CW1 6XS

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised when a right to consideration under each contract has been obtained through performance and reflects the contract activity during the year with any profits, having regard to their stage of completion, being included within debtors and shown as amounts recoverable on contracts.

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 - NIL % per annum
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Jaymar Packaging Limited (Registered number: 01318091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 37 (2022 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 1,300,000 100,000 2,660,679
Additions - - -
Disposals (1,300,000 ) (100,000 ) -
At 31 December 2023 - - 2,660,679
DEPRECIATION
At 1 January 2023 - 5,000 1,745,478
Charge for year - 3,886 77,308
Eliminated on disposal - (8,886 ) -
At 31 December 2023 - - 1,822,786
NET BOOK VALUE
At 31 December 2023 - - 837,893
At 31 December 2022 1,300,000 95,000 915,201

Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 260,928 78,175 4,399,782
Additions 4,710 43,490 48,200
Disposals (8,985 ) (51,775 ) (1,460,760 )
At 31 December 2023 256,653 69,890 2,987,222
DEPRECIATION
At 1 January 2023 187,478 52,369 1,990,325
Charge for year 10,063 7,939 99,196
Eliminated on disposal (5,708 ) (35,624 ) (50,218 )
At 31 December 2023 191,833 24,684 2,039,303
NET BOOK VALUE
At 31 December 2023 64,820 45,206 947,919
At 31 December 2022 73,450 25,806 2,409,457

Jaymar Packaging Limited (Registered number: 01318091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 939,132 879,633
Accrued income 478,950 546,482
Other debtors 78,994 51,841
1,497,076 1,477,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 193,333 21,243
Trade creditors 428,456 381,374
Taxation and social security 398,419 292,826
Other creditors 942,215 59,340
1,962,423 754,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 496,667 211,217

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 106,093

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 690,000 232,460

The bank loan is secured by fixed charge in favour of Natwest Bank plc over Jaymar House, First Avenue, Crewe.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary A. 1p - 7
4,000 Ordinary C. 1p 40 33
500 Ordinary D. 1p 5 5
45 45

Jaymar Packaging Limited (Registered number: 01318091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. RESERVES
Non Capital
Retained distributable redemption
earnings reserves reserve Totals
£    £    £    £   

At 1 January 2023 2,326,573 803,609 55 3,130,237
Profit for the year 740,339 740,339
Dividends (3,816,618 ) (3,816,618 )
Transfer of revaluation 803,609 (803,609 ) - -
At 31 December 2023 53,903 - 55 53,958