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REGISTERED NUMBER: OC337042 (England and Wales)












Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2024

for

PKG Products LLP

PKG Products LLP (Registered number: OC337042)






Contents of the Financial Statements
for the period 1 October 2023 to 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PKG Products LLP

General Information
for the period 1 October 2023 to 31 March 2024







DESIGNATED MEMBERS: P S Griffiths
Mrs K Griffiths





REGISTERED OFFICE: 27A Beam Street
Nantwich
Cheshire
CW5 5NA





REGISTERED NUMBER: OC337042 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

PKG Products LLP (Registered number: OC337042)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 766 957

CURRENT ASSETS
Debtors: amounts falling due within one year 6 64,628 59,711
Debtors: amounts falling due after more than
one year

6

5,000

5,000
Cash at bank and in hand 828 354
70,456 65,065
CREDITORS
Amounts falling due within one year 7 (51,834 ) (50,161 )
NET CURRENT ASSETS 18,622 14,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,388

15,861

CREDITORS
Amounts falling due after more than one
year

8

(4,543

)

(6,342

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

14,845

9,519

LOANS AND OTHER DEBTS DUE TO
MEMBERS

14,845

9,519

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 14,845 9,519
Amounts due from members 6 (64,628 ) (59,711 )
(49,783 ) (50,192 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

PKG Products LLP (Registered number: OC337042)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





P S Griffiths - Designated member

PKG Products LLP (Registered number: OC337042)

Notes to the Financial Statements
for the period 1 October 2023 to 31 March 2024

1. STATUTORY INFORMATION

PKG Products LLP ('The LLP') is primarily engaged in the activities of a massage parlour.

The LLP is incorporated in England and Wales. The address of the registered office is 27A Beam Street, Nantwich, Cheshire, CW5 5NA. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

The accounting reference date of the LLP has been shortened to report a six-month period ended 31 March 2024. The comparative period is a twelve-month period.

2. STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The going concern basis is dependent of the continued support of the members and the provision of new funds to meet creditor payments as they fall due.

Notwithstanding any uncertainty in this regard the members consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

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 - 20% on reducing balance
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of those obligations is charged to the profit and loss account so as to provide a periodic charge on the remaining balance of the obligation for each accounting period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account so as to produce a constant periodic charge for each accounting period up to the end of the lease or next renewal date.

PKG Products LLP (Registered number: OC337042)

Notes to the Financial Statements - continued
for the period 1 October 2023 to 31 March 2024

3. ACCOUNTING POLICIES - continued

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

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired. If such indications exist, the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 31 March 2024 11,004 58,306 69,310
DEPRECIATION
At 1 October 2023 10,047 58,306 68,353
Charge for period 191 - 191
At 31 March 2024 10,238 58,306 68,544
NET BOOK VALUE
At 31 March 2024 766 - 766
At 30 September 2023 957 - 957

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 64,628 59,711

Amounts falling due after more than one year:
Other debtors 5,000 5,000

Aggregate amounts 69,628 64,711

Amounts due from related parties are unsecured, interest free and repayable on demand.

PKG Products LLP (Registered number: OC337042)

Notes to the Financial Statements - continued
for the period 1 October 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 3,833 3,833
Trade creditors 3,350 5,392
Taxation and social security 5,766 5,480
Other creditors 38,885 35,456
51,834 50,161

Amounts due to related parties are unsecured, interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 4,543 6,342

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 3,833 3,833

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,833 3,833

Amounts falling due between two and five years:
Bank loans - 2-5 years 710 2,509

10. RELATED PARTY DISCLOSURES

Transactions with related parties during the period and balances outstanding at the end of the reporting period were as follows:

Related parties:

2024 2023
£ £
Management fees payable - -
Amounts written off - -
Amounts due from entities - -
Amounts due to entities 4,885 1,354
Amounts accrued to entities 34,000 34,000