Registered number
06703174
AERON PACKAGING MACHINERY LIMITED
Filleted Accounts
29 March 2024
AERON PACKAGING MACHINERY LIMITED
Registered number: 06703174
Balance Sheet
as at 29 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 58,091 35,846
Current assets
Stocks 62,303 47,303
Debtors 5 32,683 46,505
Cash at bank and in hand 1,011 39,483
95,997 133,291
Creditors: amounts falling due within one year 6 (110,472) (119,351)
Net current (liabilities)/assets (14,475) 13,940
Total assets less current liabilities 43,616 49,786
Creditors: amounts falling due after more than one year 7 (56,224) (37,025)
Provisions for liabilities (309) (309)
Net (liabilities)/assets (12,917) 12,452
Capital and reserves
Called up share capital 100 100
Profit and loss account (13,017) 12,352
Shareholder's funds (12,917) 12,452
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Aeron Davies
Director
Approved by the board on 10 October 2024
AERON PACKAGING MACHINERY LIMITED
Notes to the Accounts
for the year ended 29 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Land and buildings 33% reducing balance
Plant and machinery 33% reducing balance
Motor vehicles 33% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 30 March 2023 16,000
At 29 March 2024 16,000
Amortisation
At 30 March 2023 16,000
At 29 March 2024 16,000
Net book value
At 29 March 2024 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 30 March 2023 8,995 70,102 36,646 115,743
Additions - - 42,500 42,500
At 29 March 2024 8,995 70,102 79,146 158,243
Depreciation
At 30 March 2023 8,600 62,135 9,162 79,897
Charge for the year 130 2,629 17,496 20,255
At 29 March 2024 8,730 64,764 26,658 100,152
Net book value
At 29 March 2024 265 5,338 52,488 58,091
At 29 March 2023 395 7,967 27,484 35,846
5 Debtors 2024 2023
£ £
Trade debtors 32,683 36,789
Other debtors - 9,716
32,683 46,505
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,641 5,324
Obligations under finance lease and hire purchase contracts 9,781 5,470
Trade creditors 21,991 42,637
Taxation and social security costs 45,341 45,167
Other creditors 23,718 20,753
110,472 119,351
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,226 10,843
Obligations under finance lease and hire purchase contracts 49,998 26,182
56,224 37,025
8 Other information
AERON PACKAGING MACHINERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Merseyside
CH44 4BT
AERON PACKAGING MACHINERY LIMITED 06703174 false 2023-03-30 2024-03-29 2024-03-29 VT Final Accounts April 2024 Daniel Aeron Davies No description of principal activity 06703174 2022-03-30 2023-03-29 06703174 core:WithinOneYear 2023-03-29 06703174 core:AfterOneYear 2023-03-29 06703174 core:ShareCapital 2023-03-29 06703174 core:RetainedEarningsAccumulatedLosses 2023-03-29 06703174 2023-03-30 2024-03-29 06703174 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 06703174 bus:AuditExemptWithAccountantsReport 2023-03-30 2024-03-29 06703174 bus:Director40 2023-03-30 2024-03-29 06703174 1 2023-03-30 2024-03-29 06703174 2 2023-03-30 2024-03-29 06703174 core:LandBuildings 2023-03-30 2024-03-29 06703174 core:PlantMachinery 2023-03-30 2024-03-29 06703174 core:Vehicles 2023-03-30 2024-03-29 06703174 countries:England 2023-03-30 2024-03-29 06703174 bus:FRS102 2023-03-30 2024-03-29 06703174 bus:FilletedAccounts 2023-03-30 2024-03-29 06703174 2024-03-29 06703174 core:WithinOneYear 2024-03-29 06703174 core:AfterOneYear 2024-03-29 06703174 core:ShareCapital 2024-03-29 06703174 core:RetainedEarningsAccumulatedLosses 2024-03-29 06703174 core:Goodwill 2024-03-29 06703174 core:LandBuildings 2024-03-29 06703174 core:PlantMachinery 2024-03-29 06703174 core:Vehicles 2024-03-29 06703174 2023-03-29 06703174 core:Goodwill 2023-03-29 06703174 core:LandBuildings 2023-03-29 06703174 core:PlantMachinery 2023-03-29 06703174 core:Vehicles 2023-03-29 iso4217:GBP xbrli:pure