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REGISTERED NUMBER: 00684471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

RLM Packaging Limited

RLM Packaging Limited (Registered number: 00684471)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLM Packaging Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: I Richardson
J M Warburton
M Richardson
D Richardson





SECRETARY: I Richardson





REGISTERED OFFICE: Dairycoates Trading Estate
Wiltshire Road
Hull
HU4 6PA





REGISTERED NUMBER: 00684471 (England and Wales)






RLM Packaging Limited (Registered number: 00684471)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 948,465 1,013,204

CURRENT ASSETS
Stocks 660,749 576,722
Debtors 5 455,353 431,415
Cash at bank and in hand 507,596 723,259
1,623,698 1,731,396
CREDITORS
Amounts falling due within one year 6 501,460 449,634
NET CURRENT ASSETS 1,122,238 1,281,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,070,703

2,294,966

PROVISIONS FOR LIABILITIES 150,432 80,994
NET ASSETS 1,920,271 2,213,972

CAPITAL AND RESERVES
Called up share capital 3,123 3,123
Share premium 59,376 59,376
Revaluation reserve 7 352,717 470,290
Capital redemption reserve 7,496 7,496
Retained earnings 1,497,559 1,673,687
1,920,271 2,213,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

RLM Packaging Limited (Registered number: 00684471)

Balance Sheet - continued
31 May 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 18 September 2024 and were signed on its behalf by:





I Richardson - Director


RLM Packaging Limited (Registered number: 00684471)

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

1. STATUTORY INFORMATION

RLM Packaging 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 10% on cost and at varying rates on cost

The company revalues its freehold property on an open market basis at the balance sheet date.

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.

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.

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.

RLM Packaging Limited (Registered number: 00684471)

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

2. ACCOUNTING POLICIES - continued

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 24 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 700,000 1,388,588 2,088,588
Additions - 16,174 16,174
At 31 May 2024 700,000 1,404,762 2,104,762
DEPRECIATION
At 1 June 2023 - 1,075,384 1,075,384
Charge for year 14,000 66,913 80,913
At 31 May 2024 14,000 1,142,297 1,156,297
NET BOOK VALUE
At 31 May 2024 686,000 262,465 948,465
At 31 May 2023 700,000 313,204 1,013,204

At 31 May 2023 the company freehold property was revalued by an independent firm of Chartered Surveyors on an open market value basis at an amount of £700,000.

If the freehold property had not been included at valuation it would have been included under historical cost less depreciation at a net book value at the balance sheet date of £229,710.

The directors are satisfied that the carrying amount in the balance sheet does not differ materially from its fair value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 376,574 364,010
Other debtors 78,779 67,405
455,353 431,415

RLM Packaging Limited (Registered number: 00684471)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 417,664 371,758
Taxation and social security 47,751 49,250
Other creditors 36,045 28,626
501,460 449,634

7. RESERVES
Revaluation
reserve
£   
At 1 June 2023 470,290
Revaluation movement (117,573 )

At 31 May 2024 352,717

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
I Richardson
Balance outstanding at start of year 16,845 16,845
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,845 16,845

M Richardson
Balance outstanding at start of year 1,575 1,575
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,575 1,575

D Richardson
Balance outstanding at start of year 1,525 1,525
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,525 1,525

RLM Packaging Limited (Registered number: 00684471)

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

9. RELATED PARTY DISCLOSURES

Information regarding related party transactions and outstanding balances are listed below:

31.5.24 31.5.23
£ £
Expenses paid to related parties 24,000 24,000

The related party is a LLP of which Mr J M Warburton is a partner.

10. ULTIMATE CONTROLLING PARTY

The controlling party is I Richardson.