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REGISTERED NUMBER: 04217325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jimpex U.K. Packaging Ltd.

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jimpex U.K. Packaging Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Bhattacharyya
F K Bhattacharyya





SECRETARY: F K Bhattacharyya





REGISTERED OFFICE: 9 Whitley Drive
Halifax
West Yorkshire
HX2 9SJ





REGISTERED NUMBER: 04217325 (England and Wales)





ACCOUNTANTS: KJA Bairstow & Aktinson
Network House
Stubs Beck Lane
Cleckheaton
West Yorkshire
BD19 4TT

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,263 11,015

CURRENT ASSETS
Stocks 186,524 221,405
Debtors 5 120,204 134,058
Cash at bank and in hand 572,093 378,431
878,821 733,894
CREDITORS
Amounts falling due within one year 6 322,261 244,737
NET CURRENT ASSETS 556,560 489,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

564,823

500,172

CREDITORS
Amounts falling due after more than one
year

7

(18,667

)

(34,667

)

PROVISIONS FOR LIABILITIES 9 (871 ) (832 )
NET ASSETS 545,285 464,673

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 545,185 464,573
SHAREHOLDERS' FUNDS 545,285 464,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Balance Sheet - continued
31 March 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 28 October 2024 and were signed on its behalf by:





R Bhattacharyya - Director


Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jimpex U.K. Packaging Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance, 20% reducing balance and 15% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 27,364
Additions 7,068
Disposals (6,744 )
At 31 March 2024 27,688
DEPRECIATION
At 1 April 2023 16,349
Charge for year 3,797
Eliminated on disposal (721 )
At 31 March 2024 19,425
NET BOOK VALUE
At 31 March 2024 8,263
At 31 March 2023 11,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,261 86,735
Other debtors 13,943 47,323
120,204 134,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,000 16,000
Trade creditors 200,094 215,331
Taxation and social security 82,154 9,791
Other creditors 24,013 3,615
322,261 244,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,667 34,667

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,667 50,667

The bank loan is secured by government guarantee.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 871 832

Deferred
tax
£   
Balance at 1 April 2023 832
Provided during year 39
Balance at 31 March 2024 871

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R Bhattacharyya
Balance outstanding at start of year 4,427 -
Amounts advanced 9,649 20,239
Amounts repaid (2,881 ) (15,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,195 4,427

F K Bhattacharyya
Balance outstanding at start of year 1,442 -
Amounts advanced 10,758 2,216
Amounts repaid (12,200 ) (774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,442

Jimpex U.K. Packaging Ltd. (Registered number: 04217325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest is charged or credited on the outstanding balance at the HMRC official interest rate if the overdrawn balance exceeds £10,000 at any point in the year. Director loans are repayable on demand.

12. RELATED PARTY DISCLOSURES

Office premises are rented at a cost of £2474 (2023: £2322) from the directors and the daughter of one of the directors.
A car was bought from one of the directors during the year for £5835. This car was sold back to the director later in the year for £5013.