Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falseNo description of principal activity2023-03-01false00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10410761 2023-03-01 2024-02-29 10410761 2022-03-01 2023-02-28 10410761 2024-02-29 10410761 2023-02-28 10410761 2022-03-01 10410761 c:Director2 2023-03-01 2024-02-29 10410761 d:PlantMachinery 2023-03-01 2024-02-29 10410761 d:PlantMachinery 2024-02-29 10410761 d:PlantMachinery 2023-02-28 10410761 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10410761 d:CurrentFinancialInstruments 2024-02-29 10410761 d:CurrentFinancialInstruments 2023-02-28 10410761 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10410761 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10410761 d:ShareCapital 2023-03-01 2024-02-29 10410761 d:ShareCapital 2024-02-29 10410761 d:ShareCapital 2022-03-01 2023-02-28 10410761 d:ShareCapital 2023-02-28 10410761 d:ShareCapital 2022-03-01 10410761 d:CapitalRedemptionReserve 2023-03-01 2024-02-29 10410761 d:CapitalRedemptionReserve 2024-02-29 10410761 d:CapitalRedemptionReserve 2023-02-28 10410761 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 10410761 d:RetainedEarningsAccumulatedLosses 2024-02-29 10410761 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 10410761 d:RetainedEarningsAccumulatedLosses 2023-02-28 10410761 d:RetainedEarningsAccumulatedLosses 2022-03-01 10410761 c:OrdinaryShareClass1 2023-03-01 2024-02-29 10410761 c:OrdinaryShareClass1 2024-02-29 10410761 c:FRS102 2023-03-01 2024-02-29 10410761 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10410761 c:FullAccounts 2023-03-01 2024-02-29 10410761 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10410761 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10410761









BJ PACKAGING SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BJ PACKAGING SOLUTIONS LIMITED
REGISTERED NUMBER: 10410761

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
19,665
-

  
19,665
-

Current assets
  

Debtors: amounts falling due within one year
 4 
2,025,899
825,525

Cash at bank and in hand
  
192,080
21,480

  
2,217,979
847,005

Creditors: amounts falling due within one year
 5 
(1,288,498)
(223,682)

Net current assets
  
 
 
929,481
 
 
623,323

Total assets less current liabilities
  
949,146
623,323

  

Net assets
  
949,146
623,323


Capital and reserves
  

Called up share capital 
 7 
190
200

Capital redemption reserve
 8 
10
-

Profit and loss account
 8 
948,946
623,123

  
949,146
623,323


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.



Page 1

 
BJ PACKAGING SOLUTIONS LIMITED
REGISTERED NUMBER: 10410761
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


J S Panesar
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
BJ PACKAGING SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 March 2023
200
-
623,123
623,323


Comprehensive income for the year

Profit for the year
-
-
361,023
361,023
Total comprehensive income for the year
-
-
361,023
361,023


Contributions by and distributions to owners

Purchase of own shares
-
10
(35,190)
(35,180)

Shares redeemed during the year
(10)
-
-
(10)

Transfer to capital redemption reserve
on purchase of own shares
-
-
(10)
(10)


Total transactions with owners
(10)
10
(35,200)
(35,200)


At 29 February 2024
190
10
948,946
949,146


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
BJ PACKAGING SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2022
200
536,203
536,403


Comprehensive income for the year

Profit for the year
-
86,920
86,920
Total comprehensive income for the year
-
86,920
86,920


At 28 February 2023
200
623,123
623,323


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
BJ PACKAGING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:


 
1.2

Going concern

At the balance sheet date the company had a positive cash balance and a strong net asset position. At the time of signing these accounts, the directors have considered the going concern position, and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of the signing of these accounts. 
The company meets its day-to-day working capital requirements, and is expected to continue to be able to operate within the facilities available to it.
On that basis, the directors have prepared these financial statements on a going concern basis. 

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 5

 
BJ PACKAGING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties. 

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. 

 
1.5

Current and deferred taxation

The tax charge for the year comprises of current and deferred tax. 
Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for tha current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date. 
Deferred tax is recognised in respect of all timing differences at the reporting date, expect as otheriwse indicated. 

Deferred tax assets are only 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. Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. 
Current or deferred tax is recognised in the profit and loss acount, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current or deferred tax is also recognised in other comprehensive income or directly in equity respectively. 

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
BJ PACKAGING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)


1.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


2.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 7

 
BJ PACKAGING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


Additions
22,692



At 29 February 2024

22,692



Depreciation


Charge for the year on owned assets
3,027



At 29 February 2024

3,027



Net book value



At 29 February 2024
19,665



At 28 February 2023
-


4.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,987,823
825,525

Other debtors
38,076
-

2,025,899
825,525


Page 8

 
BJ PACKAGING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
1,004,863
197,065

Corporation tax
112,005
20,389

Other taxation and social security
143,395
2,578

Accruals and deferred income
28,235
3,650

1,288,498
223,682



6.


Related party transactions

During the year, sales of £3,172,061 (2023: £1,115,129) were made to a company owned under common control of the directors.
At the year end, there were amounts due from the company owned under common control of £1,987,823 (2023: £825,525). These balances are included within trade debtors.


7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



190 Ordinary shares of £1.00 each
190
200

On 21 December 2023 10 £1 ordinary shares were purchased back by the company for consideration of £35,200.



8.


Reserves

Capital redemption reserve

The capital redemption reserve contains the amounts in relation to shares cancelled and purchased back
by the company.


9.


Ultimate parent undertaking and controlling party

The ultimate controlling parties are B S Panesar and J S Panesar. 

 
Page 9