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REGISTERED NUMBER: 02019092 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Printing & Packaging Co. Ltd

Printing & Packaging Co. Ltd (Registered number: 02019092)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Printing & Packaging Co. Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J S Sall
Mrs A K Sall
Mr S S Sall
Mr M S Sall
Mrs H K Sall
Mrs P K Sall





SECRETARY: Mrs A K Sall





REGISTERED OFFICE: Jacknell Road
Dodwells Bridge Industrial Estate
Hinckley
Leicestershire
LE10 3BS





REGISTERED NUMBER: 02019092 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Printing & Packaging Co. Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Printing & Packaging Co. Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Printing & Packaging Co. Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Printing & Packaging Co. Ltd and state those matters that we have agreed to state to the Board of Directors of Printing & Packaging Co. Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Printing & Packaging Co. Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Printing & Packaging Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Printing & Packaging Co. Ltd. You consider that Printing & Packaging Co. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Printing & Packaging Co. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


5 September 2024

Printing & Packaging Co. Ltd (Registered number: 02019092)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,465,486 5,631,587
Investment property 5 3,179,467 3,179,467
8,644,953 8,811,054

CURRENT ASSETS
Stocks 810,825 1,224,350
Debtors 6 1,815,306 1,288,618
Cash at bank and in hand 6,797,246 6,340,968
9,423,377 8,853,936
CREDITORS
Amounts falling due within one year 7 10,804,059 5,556,580
NET CURRENT (LIABILITIES)/ASSETS (1,380,682 ) 3,297,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,264,271

12,108,410

PROVISIONS FOR LIABILITIES 370,167 337,515
NET ASSETS 6,894,104 11,770,895

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 472,454 472,454
Retained earnings 6,421,550 11,298,341
SHAREHOLDERS' FUNDS 6,894,104 11,770,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Printing & Packaging Co. Ltd (Registered number: 02019092)

Balance Sheet - continued
30 April 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 5 September 2024 and were signed on its behalf by:





Mr J S Sall - Director


Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Printing & Packaging Co. Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are delivered.

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 - Not provided (See below)
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% on cost

Freehold property is regularly maintained to a high standard such that the residual value is considered to be at least equal to the carrying value at any time given. Consequently no depreciation has been provided.

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Investment property
Investment property is included at fair value, gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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 taxation
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.

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 28 (2023 - 28 ) .

Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 May 2023 3,729,454 6,975,024 602,769
Additions - - 3,391
Disposals (9,454 ) (20,162 ) -
At 30 April 2024 3,720,000 6,954,862 606,160
DEPRECIATION
At 1 May 2023 - 5,427,290 491,892
Charge for year - 232,074 17,216
Eliminated on disposal - (19,353 ) -
At 30 April 2024 - 5,640,011 509,108
NET BOOK VALUE
At 30 April 2024 3,720,000 1,314,851 97,052
At 30 April 2023 3,729,454 1,547,734 110,877

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 448,883 73,190 11,829,320
Additions 219,663 - 223,054
Disposals (122,522 ) - (152,138 )
At 30 April 2024 546,024 73,190 11,900,236
DEPRECIATION
At 1 May 2023 220,602 57,949 6,197,733
Charge for year 64,933 14,638 328,861
Eliminated on disposal (72,491 ) - (91,844 )
At 30 April 2024 213,044 72,587 6,434,750
NET BOOK VALUE
At 30 April 2024 332,980 603 5,465,486
At 30 April 2023 228,281 15,241 5,631,587

Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2006 1,330,552 6,954,862 606,160
Valuation in 2012 (679,485 ) - -
Valuation in 2017 (178,613 ) - -
Cost 3,247,546 - -
3,720,000 6,954,862 606,160

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2006 546,024 73,190 9,510,788
Valuation in 2012 - - (679,485 )
Valuation in 2017 - - (178,613 )
Cost - - 3,247,546
546,024 73,190 11,900,236

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 3,247,546 3,257,000
Aggregate depreciation 613,874 598,579

Value of land in freehold land and buildings 528,243 528,243

Freehold land and buildings were valued on a fair value basis on 7 April 2017 by Wards Chartered Surveyors .

The directors consider the fair value of freehold land and buildings at the balance sheet date to be £3,720,000.

Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 3,179,467
NET BOOK VALUE
At 30 April 2024 3,179,467
At 30 April 2023 3,179,467

The investment property was valued on a fair value basis on 30 April 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,776,826 1,284,481
Other debtors 38,480 4,137
1,815,306 1,288,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 487,373 289,055
Amounts owed to group undertakings 9,998,825 5,000,000
Taxation and social security 267,238 222,199
Other creditors 50,623 45,326
10,804,059 5,556,580

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 472,454

Printing & Packaging Co. Ltd (Registered number: 02019092)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. RELATED PARTY DISCLOSURES

At the year end the amount due to Printing and Packaging Group Ltd is £9,998,825 (2023 - £5,000,000). Printing and Packaging Co. Ltd is a wholly owned subsidiary of Printing and Packaging Group Ltd).