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REGISTERED NUMBER: 07027719 (England and Wales)















KALAS PACKAGING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






KALAS PACKAGING LIMITED (REGISTERED NUMBER: 07027719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KALAS PACKAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J Padley
M Evans





SECRETARY: M Evans





REGISTERED OFFICE: 5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT





REGISTERED NUMBER: 07027719 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

KALAS PACKAGING LIMITED (REGISTERED NUMBER: 07027719)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,676,730 1,858,878

CURRENT ASSETS
Stocks 482,957 411,485
Debtors 5 1,507,859 1,454,611
1,990,816 1,866,096
CREDITORS
Amounts falling due within one year 6 1,841,921 1,523,343
NET CURRENT ASSETS 148,895 342,753
TOTAL ASSETS LESS CURRENT LIABILITIES 1,825,625 2,201,631

CREDITORS
Amounts falling due after more than one year 7 (726,001 ) (1,097,222 )

PROVISIONS FOR LIABILITIES (373,696 ) (407,635 )
NET ASSETS 725,928 696,774

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 506,839 630,839
Retained earnings 218,989 65,835
SHAREHOLDERS' FUNDS 725,928 696,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





J Padley - Director


KALAS PACKAGING LIMITED (REGISTERED NUMBER: 07027719)

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

1. STATUTORY INFORMATION

Kalas Packaging 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 (£).


The company's trading address is:

Haven Business Park
Riverside Industrial Estate
Boston
Lincolnshire
PE21 7AA

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 is recognised on the completion and despatch or collection by the customer of an order.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost, 12.5% on cost and 4 - 8 years straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


KALAS PACKAGING LIMITED (REGISTERED NUMBER: 07027719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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.

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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 164,591 1,999,357 2,163,948
Additions 6,775 11,061 17,836
At 30 June 2024 171,366 2,010,418 2,181,784
DEPRECIATION
At 1 July 2023 80,735 224,335 305,070
Charge for year 16,815 183,169 199,984
At 30 June 2024 97,550 407,504 505,054
NET BOOK VALUE
At 30 June 2024 73,816 1,602,914 1,676,730
At 30 June 2023 83,856 1,775,022 1,858,878


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 749,934 803,883
Amounts owed by group undertakings 724,293 548,073
Other debtors 33,632 102,655
1,507,859 1,454,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 542,121 568,862
Trade creditors 490,691 365,101
Amounts owed to group undertakings 294,582 105,330
Taxation and social security 140,709 138,730
Other creditors 373,818 345,320
1,841,921 1,523,343

KALAS PACKAGING LIMITED (REGISTERED NUMBER: 07027719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 726,001 1,097,222

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 240,435 136,740
Between one and five years 476,802 79,593
717,237 216,333

The company also has a continuous rolling lease with an annual commitment of £10,236.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 542,121 568,862

The company's borrowings are secured by a £50,000 personal guarantee from a director of the company.

There is also a fixed and floating charge over the assets of the company dated 25 November 2009.

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Revaluation
reserve
£   
At 1 July 2023 630,839
Transfer of deferred tax 41,333
Transfer of depreciation (165,333 )

At 30 June 2024 506,839