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REGISTERED NUMBER: 03452054 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Wasdell Northampton Limited

Wasdell Northampton Limited (Registered number: 03452054)






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


Wasdell Northampton Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M Tedham





REGISTERED OFFICE: Unit 1 Euro Way
Blagrove
Swindon
Wiltshire
SN5 8YW





REGISTERED NUMBER: 03452054 (England and Wales)

Wasdell Northampton Limited (Registered number: 03452054)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 555,302 570,714

CURRENT ASSETS
Debtors 5 144,030 165,155
Cash at bank 42,417 15,813
186,447 180,968
CREDITORS
Amounts falling due within one year 6 240,357 183,793
NET CURRENT LIABILITIES (53,910 ) (2,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,392

567,889

CREDITORS
Amounts falling due after more than one
year

7

8,175

11,966
NET ASSETS 493,217 555,923

CAPITAL AND RESERVES
Called up share capital 9 48,000 48,000
Share premium 192,000 192,000
Revaluation reserve 10 111,312 111,312
Retained earnings 141,905 204,611
SHAREHOLDERS' FUNDS 493,217 555,923

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 director acknowledges his 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 director and authorised for issue on 31 January 2025 and were signed by:





M Tedham - Director


Wasdell Northampton Limited (Registered number: 03452054)

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

1. STATUTORY INFORMATION

Wasdell Northampton 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.

The Company has ceased to trade post year end.

Significant judgements and estimates
In the application of the Company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

Revenue is recognised when goods leave the packaging facility.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or if held on a finance lease, over the lease term, which ever is shorter.

Plant and machinery- 10% on cost
Freehold Property- 2% on cost

Depreciation is charged from when an asset in brought into use.

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.

Wasdell Northampton Limited (Registered number: 03452054)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 650,000 21,763 671,763
DEPRECIATION
At 1 May 2023 95,333 5,716 101,049
Charge for year 13,000 2,412 15,412
At 30 April 2024 108,333 8,128 116,461
NET BOOK VALUE
At 30 April 2024 541,667 13,635 555,302
At 30 April 2023 554,667 16,047 570,714

Wasdell Northampton Limited (Registered number: 03452054)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,101 75,393
Amounts owed by group undertakings 16,293 -
S455 tax repayable 63,179 63,179
VAT 1,186 -
Prepayments 26,271 26,583
144,030 165,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 3,791 3,594
Trade creditors 38,937 29,403
Amounts owed to group undertakings 146,996 -
Tax 45,883 88,034
VAT - 37,178
Other creditors - 582
Accrued expenses 4,750 25,002
240,357 183,793

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 8,175 11,966

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 4,293 4,293
Between one and five years 8,586 12,879
12,879 17,172

Finance charges repayable:
Within one year 502 699
Between one and five years 411 913
913 1,612

Net obligations repayable:
Within one year 3,791 3,594
Between one and five years 8,175 11,966
11,966 15,560

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
48,000 Ordinary £1 48,000 48,000

Wasdell Northampton Limited (Registered number: 03452054)

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

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 111,312

11. CONTINGENT LIABILITIES

Wasdell Northampton Limited is party to a couple of cross-guarantees including the bank borrowings of Wasdell Holdings Limited, the company’s parent, which amounted to £1,575,977 (2023 - £1,691,932) and rolling credit facilities in Wasdell Packaging Ltd of £4,000,000 at 30 April 2024 (2023: £4,000,000) and in Wasdell Europe Ltd for €5,650,000 at 30 April 2024 (2023: €5,650,000)


All cross-guarantees are secured by a fixed and floating charge over the assets of Wasdell Holdings Limited as a group, including those of Wasdell Northampton Limited.

12. POST BALANCE SHEET EVENTS

After the year end the company disposed of freehold property for consideration of £1,250,000.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Tedham.