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REGISTERED NUMBER: 11322888 (England and Wales)












Packgenie Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Packgenie Limited (Registered number: 11322888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Packgenie Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: L N J Booth
C D A Eves





SECRETARY:





REGISTERED OFFICE: 13 Vansittart Estate
Windsor
Berkshire
SL4 1SE





REGISTERED NUMBER: 11322888 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

Packgenie Limited (Registered number: 11322888)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,008 1,260
Tangible assets 5 115,396 23,474
116,404 24,734

CURRENT ASSETS
Debtors 6 59,080 152,870
Cash at bank 38,542 17,129
97,622 169,999
CREDITORS
Amounts falling due within one year 7 (189,866 ) (227,125 )
NET CURRENT LIABILITIES (92,244 ) (57,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,160

(32,392

)

CREDITORS
Amounts falling due after more than one
year

8

(22,455

)

-
NET ASSETS/(LIABILITIES) 1,705 (32,392 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,605 (32,492 )
1,705 (32,392 )

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.

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 31 January 2025 and were signed on its behalf by:



C D A Eves - Director


Packgenie Limited (Registered number: 11322888)

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

1. STATUTORY INFORMATION

Packgenie 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

Packgenie Limited (Registered number: 11322888)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 2,520
AMORTISATION
At 1 May 2023 1,260
Charge for year 252
At 30 April 2024 1,512
NET BOOK VALUE
At 30 April 2024 1,008
At 30 April 2023 1,260

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 25,105
Additions 107,726
At 30 April 2024 132,831
DEPRECIATION
At 1 May 2023 1,631
Charge for year 15,804
At 30 April 2024 17,435
NET BOOK VALUE
At 30 April 2024 115,396
At 30 April 2023 23,474

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,734 13,927
Other debtors 52,346 138,943
59,080 152,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 80,832 100,098
Taxation and social security 72,965 99,325
Other creditors 36,069 27,702
189,866 227,125

Packgenie Limited (Registered number: 11322888)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 22,455 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C D A Eves and L N J Booth
Balance outstanding at start of year 126,762 -
Amounts advanced - 126,762
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 126,762

10. RELATED PARTY DISCLOSURES

during the period the company paid for services to a company under the common control of the directors. The transactions were at market value.