WASEEMA PACKAGING LIMITED

Company Registration Number:
07370067 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

WASEEMA PACKAGING LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

WASEEMA PACKAGING LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 274,177 342,721
Total fixed assets: 274,177 342,721
Current assets
Stocks: 184,528 154,350
Debtors:   412,436 412,423
Cash at bank and in hand: 16,947 41,212
Total current assets: 613,911 607,985
Creditors: amounts falling due within one year: 4 (533,100) (516,447)
Net current assets (liabilities): 80,811 91,538
Total assets less current liabilities: 354,988 434,259
Creditors: amounts falling due after more than one year: 5 (177,872) (324,298)
Total net assets (liabilities): 177,116 109,961
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 177,016 109,861
Shareholders funds: 177,116 109,961

The notes form part of these financial statements

WASEEMA PACKAGING LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 April 2024
and signed on behalf of the board by:

Name: Atif Akhtar
Status: Director

The notes form part of these financial statements

WASEEMA PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life. Plant and machinery - 20% reducing balance

Other accounting policies

Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 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.

WASEEMA PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 11 13

WASEEMA PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 1,292,989
At 30 September 2023 1,292,989
Depreciation
At 01 October 2022 950,268
Charge for year 68,544
At 30 September 2023 1,018,812
Net book value
At 30 September 2023 274,177
At 30 September 2022 342,721

WASEEMA PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

533,100

WASEEMA PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due after more than one year note

177,872