Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Tangible 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.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. 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.falsetrue2023-07-012121trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09797046 2023-07-01 2024-06-30 09797046 2022-01-01 2023-06-30 09797046 2024-06-30 09797046 2023-06-30 09797046 c:Director1 2023-07-01 2024-06-30 09797046 d:PlantMachinery 2023-07-01 2024-06-30 09797046 d:PlantMachinery 2024-06-30 09797046 d:PlantMachinery 2023-06-30 09797046 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09797046 d:MotorVehicles 2023-07-01 2024-06-30 09797046 d:MotorVehicles 2024-06-30 09797046 d:MotorVehicles 2023-06-30 09797046 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09797046 d:FurnitureFittings 2023-07-01 2024-06-30 09797046 d:FurnitureFittings 2024-06-30 09797046 d:FurnitureFittings 2023-06-30 09797046 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09797046 d:OfficeEquipment 2023-07-01 2024-06-30 09797046 d:OfficeEquipment 2024-06-30 09797046 d:OfficeEquipment 2023-06-30 09797046 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09797046 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09797046 d:CurrentFinancialInstruments 2024-06-30 09797046 d:CurrentFinancialInstruments 2023-06-30 09797046 d:Non-currentFinancialInstruments 2024-06-30 09797046 d:Non-currentFinancialInstruments 2023-06-30 09797046 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09797046 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09797046 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09797046 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09797046 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 09797046 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09797046 d:ShareCapital 2024-06-30 09797046 d:ShareCapital 2023-06-30 09797046 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 09797046 d:RetainedEarningsAccumulatedLosses 2024-06-30 09797046 d:RetainedEarningsAccumulatedLosses 2023-06-30 09797046 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09797046 c:OrdinaryShareClass1 2024-06-30 09797046 c:OrdinaryShareClass1 2023-06-30 09797046 c:FRS102 2023-07-01 2024-06-30 09797046 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09797046 c:FullAccounts 2023-07-01 2024-06-30 09797046 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09797046 d:WithinOneYear 2024-06-30 09797046 d:WithinOneYear 2023-06-30 09797046 d:BetweenOneFiveYears 2024-06-30 09797046 d:BetweenOneFiveYears 2023-06-30 09797046 2 2023-07-01 2024-06-30 09797046 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09797046 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09797046 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 09797046 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 09797046 d:RetirementBenefitObligationsDeferredTax 2024-06-30 09797046 d:RetirementBenefitObligationsDeferredTax 2023-06-30 09797046 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09797046









PACKAGED GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PACKAGED GROUP LIMITED
REGISTERED NUMBER: 09797046

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,373
51,162

  
59,373
51,162

Non Current Assets
  

Current assets
  

Debtors due within one year
  
707,925
774,563

Cash at bank and in hand
 6 
17,802
6

  
725,727
774,569

Creditors: amounts falling due within one year
 7 
(883,498)
(670,911)

Net current (liabilities)/assets
  
 
 
(157,771)
 
 
103,658

Total assets less current liabilities
  
(98,398)
154,820

Creditors: amounts falling due after more than one year
 8 
(9,167)
(19,167)

Provisions for liabilities
  

Deferred tax
  
(14,511)
(12,091)

  
 
 
(14,511)
 
 
(12,091)

Net (liabilities)/assets
  
(122,076)
123,562


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
 12 
(122,176)
123,462

  
(122,076)
123,562

Page 1

 
PACKAGED GROUP LIMITED
REGISTERED NUMBER: 09797046
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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: 




Stuart John Anderson
Director

Date: 25 February 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Packaged Group Limited ("the Company") is a private company limited by shares, registered and incorporated in England and Wales. Company registration 09797046. The registered office is The Pinnacle, 160 Midsummer Boulevard, Milton Keynes, MK9 1FF.
The principal activity of the Company was that of providing environmental consultancy services.
The period ending 30 June 2023 is for an extended period of 18 months and hence comparatives presented in the financial statements (including related notes) are not entirely comparable. 
The functional currency of the Company is Pounds Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £. 

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

Going Concern

Although the Company has net liabilities position at the year end but the Directors have given assurance that they will settle the Company's liabilities as and when they fall due. Accordingly the Directors have prepared the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income 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.

 
2.5

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income  in the year in which they are incurred.

 
2.8

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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.10

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:

Plant & machinery
-
20%
straight line
Motor vehicles
-
20%
straight line
Fixtures & fittings
-
33%
straight line
Office equipment
-
33%
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 5

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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.

 
2.15

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 6

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
110,783
-
2,327
8,807
121,917


Additions
9,296
20,000
-
6,231
35,527



At 30 June 2024

120,079
20,000
2,327
15,038
157,444



Depreciation


At 1 July 2023
63,098
-
1,234
6,425
70,757


Charge for the year on owned assets
22,825
1,667
407
2,415
27,314



At 30 June 2024

85,923
1,667
1,641
8,840
98,071



Net book value



At 30 June 2024
34,156
18,333
686
6,198
59,373



At 30 June 2023
47,686
-
1,094
2,382
51,162
Page 7

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
578,873
443,114

Other debtors
26,039
207,120

Prepayments and accrued income
103,013
124,331

707,925
774,565



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,802
6

Less: bank overdrafts
-
(24,437)

17,802
(24,431)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
24,437

Bank loans
10,000
10,000

Trade creditors
838,628
529,511

Corporation tax
-
26,037

Other taxation and social security
28,010
71,033

Other creditors
2,116
5,516

Accruals and deferred income
4,744
4,377

883,498
670,911



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,167
19,167


Page 8

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


Amounts falling due 2-5 years

Bank loans
9,167
19,167


19,167
29,167



10.


Deferred taxation




2024


£






At beginning of year
(12,091)


Charged to profit or loss
(2,420)



At end of year
(14,511)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,844)
(111,549)

Tax losses carried forward
-
99,458

Pension surplus
333
-

(14,511)
(12,091)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £0.01 each
100
100


Page 9

 
PACKAGED GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Reserves

Profit & loss account

This reserve represents cumulative profits and losses.


13.


Commitments under operating leases

At 30 June 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
57,750
60,230

Later than 1 year and not later than 5 years
144,375
202,125

202,125
262,355


14.


Related party transactions

At the balance sheet date the Company was owed £nil (2023:- £207,120) from Packaged Feeds Limited, company with common shareholders. The amount hold no fixed repayment terms, do not accrue interest and is included in debtors due within one year.

Page 10