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REGISTERED NUMBER: 02576934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wisden Packaging Limited

Wisden Packaging Limited (Registered number: 02576934)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Wisden Packaging Limited (Registered number: 02576934)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 547,022 646,594

Current assets
Stocks 204,546 218,161
Debtors 5 587,890 596,596
Cash at bank and in hand 610,940 655,884
1,403,376 1,470,641
Creditors
Amounts falling due within one year 6 432,780 374,648
Net current assets 970,596 1,095,993
Total assets less current liabilities 1,517,618 1,742,587

Creditors
Amounts falling due after more than one
year

7

(93,516

)

(191,576

)

Provisions for liabilities (133,720 ) (137,576 )
Net assets 1,290,382 1,413,435

Capital and reserves
Called up share capital 9 110,000 110,000
Retained earnings 1,180,382 1,303,435
Shareholders' funds 1,290,382 1,413,435

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

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

Wisden Packaging Limited (Registered number: 02576934)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:





S Squire - Director


Wisden Packaging Limited (Registered number: 02576934)

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

1. Statutory information

Wisden 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: 02576934

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Wisden Packaging Limited (Registered number: 02576934)

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

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

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 16 (2023 - 17 ) .

Wisden Packaging Limited (Registered number: 02576934)

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

4. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 April 2023 179,270 2,216,986 38,100
Additions - 8,209 -
Disposals (99,916 ) (1,422 ) (5,475 )
At 31 March 2024 79,354 2,223,773 32,625
Depreciation
At 1 April 2023 166,504 1,615,289 26,764
Charge for year 6,382 91,280 1,701
Eliminated on disposal (99,909 ) (1,400 ) (5,201 )
At 31 March 2024 72,977 1,705,169 23,264
Net book value
At 31 March 2024 6,377 518,604 9,361
At 31 March 2023 12,766 601,697 11,336

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 10,731 38,970 2,484,057
Additions - 998 9,207
Disposals - (1,415 ) (108,228 )
At 31 March 2024 10,731 38,553 2,385,036
Depreciation
At 1 April 2023 1,118 27,788 1,837,463
Charge for year 2,403 6,710 108,476
Eliminated on disposal - (1,415 ) (107,925 )
At 31 March 2024 3,521 33,083 1,838,014
Net book value
At 31 March 2024 7,210 5,470 547,022
At 31 March 2023 9,613 11,182 646,594

Wisden Packaging Limited (Registered number: 02576934)

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

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 558,031 586,866
Other debtors 29,859 9,730
587,890 596,596

6. Creditors less than one year
2024 2023
£    £   
Hire purchase contracts (see note 8) 98,060 94,045
Trade creditors 208,625 127,845
Taxation and social security 73,050 133,811
Other creditors 53,045 18,947
432,780 374,648

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 8) 93,516 191,576

8. Secured liabilities

Creditors falling due in less than one year include liabilities of £98,060 (2023: £94,045) secured on the assets to which they relate.

Creditors falling due after more than one year include liabilities of £93,516 (2023: £191,576) secured on the assets to which they relate.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
110,000 Ordinary £1 110,000 110,000

10. Leasing commitments

At the year end the company had non-cancellable operating lease commitments falling due within one year of £14,235 (2023: £18,163) and falling due between one and five years of £1,239 (2023: £10,110).