Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true2023-08-01falseNo description of principal activity79falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC630498 2023-08-01 2024-07-31 SC630498 2022-08-01 2023-07-31 SC630498 2024-07-31 SC630498 2023-07-31 SC630498 c:Director2 2023-08-01 2024-07-31 SC630498 c:Director3 2023-08-01 2024-07-31 SC630498 c:RegisteredOffice 2023-08-01 2024-07-31 SC630498 d:Buildings 2023-08-01 2024-07-31 SC630498 d:Buildings 2024-07-31 SC630498 d:Buildings 2023-07-31 SC630498 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC630498 d:MotorVehicles 2023-08-01 2024-07-31 SC630498 d:MotorVehicles 2024-07-31 SC630498 d:MotorVehicles 2023-07-31 SC630498 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC630498 d:OfficeEquipment 2023-08-01 2024-07-31 SC630498 d:OfficeEquipment 2024-07-31 SC630498 d:OfficeEquipment 2023-07-31 SC630498 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC630498 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC630498 d:CurrentFinancialInstruments 2024-07-31 SC630498 d:CurrentFinancialInstruments 2023-07-31 SC630498 d:Non-currentFinancialInstruments 2024-07-31 SC630498 d:Non-currentFinancialInstruments 2023-07-31 SC630498 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC630498 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC630498 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC630498 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC630498 d:ShareCapital 2024-07-31 SC630498 d:ShareCapital 2023-07-31 SC630498 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC630498 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC630498 c:OrdinaryShareClass2 2023-08-01 2024-07-31 SC630498 c:OrdinaryShareClass2 2024-07-31 SC630498 c:OrdinaryShareClass2 2023-07-31 SC630498 c:OrdinaryShareClass3 2023-08-01 2024-07-31 SC630498 c:OrdinaryShareClass3 2024-07-31 SC630498 c:OrdinaryShareClass3 2023-07-31 SC630498 c:OrdinaryShareClass4 2023-08-01 2024-07-31 SC630498 c:OrdinaryShareClass4 2024-07-31 SC630498 c:OrdinaryShareClass4 2023-07-31 SC630498 c:FRS102 2023-08-01 2024-07-31 SC630498 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC630498 c:FullAccounts 2023-08-01 2024-07-31 SC630498 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC630498










ESC PACKAGING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
ESC PACKAGING LIMITED
 

COMPANY INFORMATION


Directors
Mrs C-A Walker 
Mr A B Walker 




Registered number
SC630498



Registered office
ESC Packaging Ltd
Ferryhills Road

Inverkeithing

Fife

KY11 1HD




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ESC PACKAGING LIMITED
REGISTERED NUMBER: SC630498

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
105,602
107,450

  
105,602
107,450

Current assets
  

Stocks
  
30,585
48,226

Debtors: amounts falling due within one year
 5 
173,969
129,919

Cash at bank and in hand
  
138,562
126,502

  
343,116
304,647

Creditors: amounts falling due within one year
 6 
(278,976)
(234,903)

Net current assets
  
 
 
64,140
 
 
69,744

Total assets less current liabilities
  
169,742
177,194

Creditors: amounts falling due after more than one year
 7 
(29,680)
(37,363)

Provisions for liabilities
  

Deferred tax
  
(3,901)
(4,363)

  
 
 
(3,901)
 
 
(4,363)

Net assets
  
136,161
135,468


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
136,160
135,467

  
136,161
135,468


Page 1

 
ESC PACKAGING LIMITED
REGISTERED NUMBER: SC630498

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs C-A Walker
Director

Date: 4 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ESC PACKAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

ESC Packaging Limited is a private company, limited by shares and incorporated in Scotland, registration number SC630498. The registered office address is ESC Packaging Ltd, Ferryhills Road, Inverkeithing, Fife, Scotland, KY11 1HD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ESC PACKAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ESC PACKAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using reducing balance and straight line methods.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Motor vehicles
-
25% reducing balance
Office equipment
-
15-33.3% reducing balance and straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 9).

Page 5

 
ESC PACKAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
90,000
7,651
20,568
118,219


Additions
-
-
1,871
1,871



At 31 July 2024

90,000
7,651
22,439
120,090



Depreciation


At 1 August 2023
-
3,363
7,406
10,769


Charge for the year on owned assets
-
1,072
2,647
3,719



At 31 July 2024

-
4,435
10,053
14,488



Net book value



At 31 July 2024
90,000
3,216
12,386
105,602



At 31 July 2023
90,000
4,288
13,162
107,450


5.


Debtors

2024
2023
£
£


Trade debtors
173,969
119,629

Prepayments and accrued income
-
10,290

173,969
129,919


Page 6

 
ESC PACKAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,210
3,925

Trade creditors
186,045
133,857

Other taxation and social security
58,237
70,154

Other creditors
18,883
2,881

Accruals and deferred income
9,601
24,086

278,976
234,903



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,680
37,363

29,680
37,363



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) Ordinary A shares of £0.01 each
0.90
0.90
5 (2023 - 5) Ordinary B shares of £0.01 each
0.05
0.05
5 (2023 - 5) Ordinary C shares of £0.01 each
0.05
0.05

1.00

1.00



Page 7