2023-10-012024-09-302024-09-30false12216423NO.4 Packman Lane 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NO.4 Packman Lane Limited

Registered Number
12216423
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

NO.4 Packman Lane Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Mrs E Skipsey
Mr S Skipsey

Registered Address

4 Packman Lane
Kirk Ella
Hull
HU10 7TL

Registered Number

12216423 (England and Wales)
NO.4 Packman Lane Limited
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3522825
522825
Current assets
Stocks45,0004,000
Debtors57,17011,008
Cash at bank and on hand4,4015,852
16,57120,860
Creditors amounts falling due within one year6(13,416)(12,858)
Net current assets (liabilities)3,1558,002
Total assets less current liabilities3,6778,827
Creditors amounts falling due after one year7(3,518)(8,688)
Net assets159139
Capital and reserves
Called up share capital100100
Profit and loss account5939
Shareholders' funds159139
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
Mrs E Skipsey
Director
Registered Company No. 12216423
NO.4 Packman Lane Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 October 231,2121,212
At 30 September 241,2121,212
Depreciation and impairment
At 01 October 23387387
Charge for year303303
At 30 September 24690690
Net book value
At 30 September 24522522
At 30 September 23825825
4.Stocks

2024

2023

££
Finished goods5,0004,000
Total5,0004,000
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests4,7126,902
Other debtors2,4584,106
Total7,17011,008
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,1791,604
Bank borrowings and overdrafts5,1705,043
Taxation and social security6,8996,054
Other creditors168157
Total13,41612,858
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £5,170 (2023 £5,043) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in May 2026.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,5188,688
Total3,5188,688
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £3,518 (2023 £8,688) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in May 2026. The overall carrying value of the loan as at the year-end is £8,688 (2023 £13,730).
8.Operating lease commitments
At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £19,000.