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COMPANY REGISTRATION NUMBER: 05764815
PROPACK FILM UK LIMITED
Filleted Unaudited Financial Statements
31 March 2024
PROPACK FILM UK LIMITED
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
PROPACK FILM UK LIMITED
Officers and Professional Advisers
Director
T Daltry
Registered office
Unit 88
Leyland Trading Estate
Wellingborough
Northants
NN8 1RA
Accountants
"A" Plus Accountants Limited
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
PROPACK FILM UK LIMITED
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of PROPACK FILM UK LIMITED
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PROPACK FILM UK LIMITED for the year ended 31 March 2024, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of PROPACK FILM UK LIMITED in accordance with the terms of our engagement letter dated 13 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of PROPACK FILM UK LIMITED and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PROPACK FILM UK LIMITED and its director for our work or for this report.
It is your duty to ensure that PROPACK FILM UK LIMITED 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 PROPACK FILM UK LIMITED. You consider that PROPACK FILM UK LIMITED 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 PROPACK FILM UK LIMITED. 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.
"A" Plus Accountants Limited
10 Canberra House Corbygate Business Park Corby Northants NN17 5JG
9 October 2024
PROPACK FILM UK LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
8,135
9,320
Current assets
Stocks
5,722
5,171
Debtors
6
104,284
107,421
Cash at bank and in hand
987,982
889,391
------------
------------
1,097,988
1,001,983
Creditors: amounts falling due within one year
7
322,647
310,279
------------
------------
Net current assets
775,341
691,704
---------
---------
Total assets less current liabilities
783,476
701,024
---------
---------
Net assets
783,476
701,024
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
783,475
701,023
---------
---------
Shareholder funds
783,476
701,024
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PROPACK FILM UK LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
T Daltry
Director
Company registration number: 05764815
PROPACK FILM UK LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 88, Leyland Trading Estate, Wellingborough, Northants, NN8 1RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
20% reducing balance
Fixtures & fittings
-
20% reducing balance
Stocks
Stocks are measured 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 the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2023
6,403
15,420
21,823
Additions
850
850
-------
--------
--------
At 31 March 2024
6,403
16,270
22,673
-------
--------
--------
Depreciation
At 1 April 2023
3,161
9,342
12,503
Charge for the year
649
1,386
2,035
-------
--------
--------
At 31 March 2024
3,810
10,728
14,538
-------
--------
--------
Carrying amount
At 31 March 2024
2,593
5,542
8,135
-------
--------
--------
At 31 March 2023
3,242
6,078
9,320
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
101,364
104,527
Other debtors
2,920
2,894
---------
---------
104,284
107,421
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,100
4,794
Corporation tax
25,043
12,423
Social security and other taxes
26,097
31,680
Other creditors
270,407
261,382
---------
---------
322,647
310,279
---------
---------