Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false92023-10-01falseNo description of principal activity9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02618591 2023-10-01 2024-09-30 02618591 2022-10-01 2023-09-30 02618591 2024-09-30 02618591 2023-09-30 02618591 c:CompanySecretary1 2023-10-01 2024-09-30 02618591 c:Director1 2023-10-01 2024-09-30 02618591 c:Director3 2023-10-01 2024-09-30 02618591 c:RegisteredOffice 2023-10-01 2024-09-30 02618591 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 02618591 d:Buildings d:LongLeaseholdAssets 2024-09-30 02618591 d:Buildings d:LongLeaseholdAssets 2023-09-30 02618591 d:PlantMachinery 2023-10-01 2024-09-30 02618591 d:PlantMachinery 2024-09-30 02618591 d:PlantMachinery 2023-09-30 02618591 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02618591 d:MotorVehicles 2023-10-01 2024-09-30 02618591 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02618591 d:CurrentFinancialInstruments 2024-09-30 02618591 d:CurrentFinancialInstruments 2023-09-30 02618591 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02618591 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02618591 d:ShareCapital 2024-09-30 02618591 d:ShareCapital 2023-09-30 02618591 d:RetainedEarningsAccumulatedLosses 2024-09-30 02618591 d:RetainedEarningsAccumulatedLosses 2023-09-30 02618591 c:FRS102 2023-10-01 2024-09-30 02618591 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02618591 c:FullAccounts 2023-10-01 2024-09-30 02618591 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02618591 d:WithinOneYear 2024-09-30 02618591 d:WithinOneYear 2023-09-30 02618591 d:BetweenOneFiveYears 2024-09-30 02618591 d:BetweenOneFiveYears 2023-09-30 02618591 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 02618591







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


R H PACKAGING LIMITED






































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R H PACKAGING LIMITED
 


 
COMPANY INFORMATION


Directors
B Hodgins 
K Hodgins 




Company secretary
B Hodgins



Registered number
02618591



Registered office
Archway House
Bellfield Road

High Wycombe

Buckinghamshire

HP13 5HJ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


R H PACKAGING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


R H PACKAGING LIMITED
REGISTERED NUMBER:02618591



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,800
59,080

  
67,800
59,080

Current assets
  

Stocks
  
724,874
880,857

Debtors: amounts falling due within one year
 5 
946,338
944,734

Cash at bank and in hand
  
179,436
110,377

  
1,850,648
1,935,968

Creditors: amounts falling due within one year
 6 
(1,194,092)
(1,301,579)

Net current assets
  
 
 
656,556
 
 
634,389

Total assets less current liabilities
  
724,356
693,469

Provisions for liabilities
  

Deferred Taxation
  
(2,416)
1,575

  
 
 
(2,416)
 
 
1,575

Net assets
  
721,940
695,044


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
721,938
695,042

  
721,940
695,044

Page 1

 


R H PACKAGING LIMITED
REGISTERED NUMBER:02618591


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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: 


B Hodgins
Director

Date: 12 February 2025

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

Page 2

 


R H PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

R H Packaging Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The significant 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.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover is excluding VAT and comprises revenue recognised from the sale of packaging machines, parts and materials excluding VAT.

  
2.3

Foreign currency translation

Transactions and balance

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income'.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


R H PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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 income 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.

 
2.7

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.

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

Depreciation is provided on the following basis:

Land and building
-
33% straight line
Plant and machinery
-
20-33% straight line
Motor vehicles
-
25% 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.

Page 4

 


R H PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

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

Page 5

 


R H PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Land and building
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 October 2023
16,522
222,705
239,227


Additions
-
42,757
42,757


Disposals
-
(11,375)
(11,375)



At 30 September 2024

16,522
254,087
270,609



Depreciation


At 1 October 2023
16,522
163,625
180,147


Charge for the year on owned assets
-
28,350
28,350


Disposals
-
(5,688)
(5,688)



At 30 September 2024

16,522
186,287
202,809



Net book value



At 30 September 2024
-
67,800
67,800



At 30 September 2023
-
59,080
59,080


5.


Debtors

2024
2023
£
£


Trade debtors
817,941
897,409

Other debtors
4,217
4,217

Prepayments and accrued income
124,180
43,108

946,338
944,734


Page 6

 


R H PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
352,589
452,694

Trade creditors
571,413
484,216

Corporation tax
7,703
27,201

Other taxation and social security
212,442
259,364

Obligations under finance lease and hire purchase contracts
10,893
11,869

Other creditors
1,529
1,421

Accruals and deferred income
37,523
64,814

1,194,092
1,301,579



7.


Commitments under operating leases

At 30 September 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
43,461
46,804

Later than 1 year and not later than 5 years
90,240
-

133,701
46,804

 
Page 7