Company Registration No. 13287856 (England and Wales)
Packfleet Ltd
Unaudited accounts
for the year ended 31 March 2024
Packfleet Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
832,920
924,354
Cash at bank and in hand
6,978,000
5,636,139
Creditors: amounts falling due within one year
(580,457)
(614,748)
Net current assets
7,294,745
5,473,667
Total assets less current liabilities
8,127,665
6,398,021
Creditors: amounts falling due after more than one year
(376,084)
(479,711)
Net assets
7,751,581
5,918,310
Called up share capital
6
4
Share premium
17,065,838
9,130,840
Profit and loss account
(9,314,263)
(3,212,534)
Shareholders' funds
7,751,581
5,918,310
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Tristan Crozier Thomas
Director
Company Registration No. 13287856
Packfleet Ltd
Notes to the Accounts
for the year ended 31 March 2024
Packfleet Ltd is a private company, limited by shares, registered in England and Wales, registration number 13287856. The registered office is 14 - 16 Verney Road, London, SE16 3DH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Packfleet Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
30,241
37,199
849,520
124,157
1,041,117
Additions
17,183
84,602
990
59,497
162,272
Disposals
(24,610)
-
-
-
(24,610)
At 31 March 2024
22,814
121,801
850,510
183,654
1,178,779
At 1 April 2023
3,230
2,832
92,736
17,965
116,763
Charge for the year
4,740
15,652
170,003
41,777
232,172
On disposals
(3,076)
-
-
-
(3,076)
At 31 March 2024
4,894
18,484
262,739
59,742
345,859
At 31 March 2024
17,920
103,317
587,771
123,912
832,920
At 31 March 2023
27,011
34,367
756,784
106,192
924,354
Amounts falling due within one year
Trade debtors
705,161
174,979
Accrued income and prepayments
46,001
49,925
Other debtors
138,666
227,372
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
158,396
211,922
Trade creditors
177,562
186,944
Taxes and social security
88,850
81,575
Other creditors
61,207
66,456
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
376,084
479,711
8
Average number of employees
During the year the average number of employees was 86 (2023: 46).