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REGISTERED NUMBER: 04968981 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Karmelle Liquid Filling & Capping
Systems Limited

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Karmelle Liquid Filling & Capping
Systems Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P Krawczuk





SECRETARY: B Dickinson





REGISTERED OFFICE: Unit 17 Queens Mill Lane
Queens Mill Industrial Estate
HUDDERSFIELD
Yorkshire
HD1 3RR





REGISTERED NUMBER: 04968981 (England and Wales)





ACCOUNTANTS: KJA Bairstow & Atkinson
Network House
Stubs Beck Lane
Cleckheaton
West Yorkshire
BD19 4TT

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 121,910 145,314
121,910 145,314

CURRENT ASSETS
Stocks 245,500 315,819
Debtors 6 455,931 590,838
Cash at bank and in hand 193,442 58,395
894,873 965,052
CREDITORS
Amounts falling due within one year 7 459,853 509,504
NET CURRENT ASSETS 435,020 455,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,930

600,862

CREDITORS
Amounts falling due after more than one year 8 (5,547 ) (25,070 )

PROVISIONS FOR LIABILITIES (24,791 ) (30,130 )
NET ASSETS 526,592 545,662

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 526,492 545,562
SHAREHOLDERS' FUNDS 526,592 545,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:




P Krawczuk - Director


Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Karmelle Liquid Filling & Capping Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue in relation to contracts is recognised in accordance with the stage of completion at the year end.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% reducing balance
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 29,811 268,390 17,731
Additions - 2,750 -
Disposals - (5,950 ) -
At 31 May 2024 29,811 265,190 17,731
DEPRECIATION
At 1 June 2023 23,609 162,694 11,960
Charge for year 931 15,924 956
Eliminated on disposal - (3,362 ) -
At 31 May 2024 24,540 175,256 12,916
NET BOOK VALUE
At 31 May 2024 5,271 89,934 4,815
At 31 May 2023 6,202 105,696 5,771

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 59,190 10,147 385,269
Additions - 770 3,520
Disposals - - (5,950 )
At 31 May 2024 59,190 10,917 382,839
DEPRECIATION
At 1 June 2023 36,534 5,158 239,955
Charge for year 5,663 862 24,336
Eliminated on disposal - - (3,362 )
At 31 May 2024 42,197 6,020 260,929
NET BOOK VALUE
At 31 May 2024 16,993 4,897 121,910
At 31 May 2023 22,656 4,989 145,314

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 72,450 39,695 112,145
Transfer to ownership (14,950 ) (39,695 ) (54,645 )
At 31 May 2024 57,500 - 57,500
DEPRECIATION
At 1 June 2023 22,594 22,949 45,543
Charge for year 6,100 - 6,100
Transfer to ownership (5,769 ) (22,949 ) (28,718 )
At 31 May 2024 22,925 - 22,925
NET BOOK VALUE
At 31 May 2024 34,575 - 34,575
At 31 May 2023 49,856 16,746 66,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 231,791 183,394
Amounts recoverable on contracts 193,335 111,037
Other debtors - 260,000
Directors' loan accounts 514 -
Prepayments 30,291 36,407
455,931 590,838

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 19,523 33,072
Trade creditors 179,279 232,151
Tax 9,842 8,605
Social security and other taxes 26,495 39,807
VAT 25,982 25,383
Pensions 1,362 1,323
Company credit card 1,942 -
Shareholder loan account - 50,000
Directors' loan accounts - 49,486
Accrued expenses 191,424 64,966
Deferred government grants 4,004 4,711
459,853 509,504

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 5,547 25,070

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 21,013 37,622
Between one and five years 5,704 26,717
26,717 64,339

Finance charges repayable:
Within one year 1,490 4,550
Between one and five years 157 1,647
1,647 6,197

Net obligations repayable:
Within one year 19,523 33,072
Between one and five years 5,547 25,070
25,070 58,142

Non-cancellable operating leases
2024 2023
£    £   
Within one year 48,389 71,450
Between one and five years 27,537 75,926
75,926 147,376

Karmelle Liquid Filling & Capping
Systems Limited (Registered number: 04968981)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,070 58,142

Hire purchase liabilities are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

The company received grant funding of £14,480 in 2017. The grant provider reserved the right to require the company to repay some or all of the grant for a period of up to 10 years from receipt.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
P Krawczuk
Balance outstanding at start of year (49,487 ) 513
Amounts advanced 50,000 -
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 513 (49,487 )

Director loan balances are repayable on demand. Interest is charged at the HMRC beneficial interest rate in place at the time.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Krawczuk.