Company registration number 06579814 (England and Wales)
Decopac Holdings Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Decopac Holdings Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Decopac Holdings Limited
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,361
8,179
Investment property
4
2,200,000
1,830,000
Investments
5
3
3
2,207,364
1,838,182
Current assets
Debtors
64,321
33,974
Cash at bank and in hand
639
64,960
33,974
Creditors: amounts falling due within one year
(92,522)
(56,261)
Net current liabilities
(27,562)
(22,287)
Total assets less current liabilities
2,179,802
1,815,895
Creditors: amounts falling due after more than one year
(652,375)
(600,000)
Net assets
1,527,427
1,215,895
Capital and reserves
Called up share capital
264,960
264,960
Revaluation reserve
370,000
Profit and loss reserves
892,467
950,935
Total equity
1,527,427
1,215,895
Decopac Holdings Limited
Statement of financial position (continued)
as at 31 March 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 3 October 2024
J C Stewart
Director
Company Registration No. 06579814
Decopac Holdings Limited
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from provision of goods falling within the company's ordinary activities. Turnover is recognised on the receipt of rent.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% reducing balance basis
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Decopac Holdings Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
1
Accounting policies
(continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023 and 31 March 2024
36,176
Depreciation and impairment
At 1 April 2023
27,997
Depreciation charged in the year
818
At 31 March 2024
28,815
Carrying amount
At 31 March 2024
7,361
At 31 March 2023
8,179
Decopac Holdings Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 5 -
4
Investment property
2024
£
Fair value
At 1 April 2023
1,830,000
Revaluations
370,000
At 31 March 2024
2,200,000
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
3
3
6
Company information
Decopac Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.