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REGISTERED NUMBER: 00906051 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

CREATAPACK LIMITED

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATAPACK LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs M J Fletcher
S M Fletcher





SECRETARY: Mrs M J Fletcher





REGISTERED OFFICE: Unit 6, Apple Business Park
Robin Drive
Bridgwater
Somerset
TA7 4DL





REGISTERED NUMBER: 00906051 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,000 88,000
Tangible assets 5 346,061 274,323
412,061 362,323

CURRENT ASSETS
Stocks 180,740 210,752
Debtors 6 217,604 204,951
Cash at bank and in hand 8,387 43,388
406,731 459,091
CREDITORS
Amounts falling due within one year 7 321,136 310,775
NET CURRENT ASSETS 85,595 148,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,656

510,639

CREDITORS
Amounts falling due after more than one
year

8

(308,546

)

(345,142

)

PROVISIONS FOR LIABILITIES 11 (46,501 ) (27,264 )
NET ASSETS 142,609 138,233

CAPITAL AND RESERVES
Called up share capital 1,700 1,700
Retained earnings 140,909 136,533
SHAREHOLDERS' FUNDS 142,609 138,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





S M Fletcher - Director


CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Creatapack Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 205,000
AMORTISATION
At 1 May 2023 117,000
Amortisation for year 22,000
At 30 April 2024 139,000
NET BOOK VALUE
At 30 April 2024 66,000
At 30 April 2023 88,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 260,512 515,218 16,331
Additions - 43,540 -
At 30 April 2024 260,512 558,758 16,331
DEPRECIATION
At 1 May 2023 95,246 410,989 13,157
Charge for year 5,210 27,315 1,633
At 30 April 2024 100,456 438,304 14,790
NET BOOK VALUE
At 30 April 2024 160,056 120,454 1,541
At 30 April 2023 165,266 104,229 3,174

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 7,995 11,497 811,553
Additions 81,940 1,206 126,686
At 30 April 2024 89,935 12,703 938,239
DEPRECIATION
At 1 May 2023 7,995 9,843 537,230
Charge for year 20,485 305 54,948
At 30 April 2024 28,480 10,148 592,178
NET BOOK VALUE
At 30 April 2024 61,455 2,555 346,061
At 30 April 2023 - 1,654 274,323

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 58,736
DEPRECIATION
At 1 May 2023 40,336
Charge for year 5,874
At 30 April 2024 46,210
NET BOOK VALUE
At 30 April 2024 12,526
At 30 April 2023 18,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 217,604 202,193
Tax - 2,758
217,604 204,951

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 81,900 81,900
Hire purchase contracts 22,400 9,202
Trade creditors 91,322 150,410
Corporation tax 671 15,308
Social security and other taxes 5,935 3,895
VAT 30,336 20,197
Directors' current accounts 65,000 25,691
Accrued expenses 23,572 4,172
321,136 310,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 238,028 322,931
Hire purchase contracts 70,518 22,211
308,546 345,142

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 57,292 77,552
57,292 77,552

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 81,900 81,900

Amounts falling due between two and five years:
Bank loans - 2-5 years 180,736 245,379

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 57,292 77,552
57,292 77,552

CREATAPACK LIMITED (REGISTERED NUMBER: 00906051)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. LOANS - continued

The company has a secured bank loan of £239,000, together with a Government-backed CBILs loan of £175,000. The CBILs loan is repayable over three years at an annual interest rate of 12.69%.

During 2023, the company took out an additional loan of £115,000. This loan is repayable over five years at an interest rate of 6%.

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loan 176,792 197,052

The bank loan is secured on the freehold property. The term of the loan is 10 years. Interest is charged at 2.5% over the bank's base rate.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 46,501 27,264

Deferred
tax
£   
Balance at 1 May 2023 27,264
Charge to Income Statement during year 19,237
Balance at 30 April 2024 46,501

The deferred tax balance is in respect of accelerated capital allowances.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.