Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-16falseNo description of principal activitytrue3 14940908 2023-06-15 14940908 2023-06-16 2024-06-30 14940908 2022-06-16 2023-06-15 14940908 2024-06-30 14940908 c:Director1 2023-06-16 2024-06-30 14940908 d:OfficeEquipment 2023-06-16 2024-06-30 14940908 d:OfficeEquipment 2024-06-30 14940908 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-16 2024-06-30 14940908 d:CurrentFinancialInstruments 2024-06-30 14940908 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14940908 d:ShareCapital 2024-06-30 14940908 d:RetainedEarningsAccumulatedLosses 2024-06-30 14940908 c:OrdinaryShareClass1 2023-06-16 2024-06-30 14940908 c:OrdinaryShareClass1 2024-06-30 14940908 c:FRS102 2023-06-16 2024-06-30 14940908 c:AuditExempt-NoAccountantsReport 2023-06-16 2024-06-30 14940908 c:FullAccounts 2023-06-16 2024-06-30 14940908 c:PrivateLimitedCompanyLtd 2023-06-16 2024-06-30 14940908 2 2023-06-16 2024-06-30 14940908 e:PoundSterling 2023-06-16 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14940908









ACE PACKING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
ACE PACKING LTD
REGISTERED NUMBER: 14940908

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
743

  
743

Current assets
  

Debtors: amounts falling due within one year
 5 
73,012

Cash at bank and in hand
 6 
30,883

  
103,895

Creditors: amounts falling due within one year
 7 
(81,474)

Net current assets
  
 
 
22,421

Total assets less current liabilities
  
23,164

  

Net assets
  
23,164


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
23,163

  
23,164


Page 1

 
ACE PACKING LTD
REGISTERED NUMBER: 14940908
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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 on 7 March 2025.




C Karia
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ACE PACKING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Ace Packing Ltd is a private company, limited by shares, registered in England and Wales (registered number: 14940908). The registered address of the Company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, and the principal place of business is Unit 15 & 16, Wymeswold Business Quarter, Wymeswold, Loughborough LE12 5BS. The Company's principal activity is that of packing activities.
The financial statements are presented in sterling, which is the functional currency of the Company.
The Company was incorporated on 16th June 2023, and began trading shortly after.

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

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:

Sale of goods

Revenue 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 revenue 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ACE PACKING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

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.

 
2.7

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.

Page 4

 
ACE PACKING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 period was 3.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
888



At 30 June 2024

888



Depreciation


Charge for the period on owned assets
145



At 30 June 2024

145



Net book value



At 30 June 2024
743

Page 5

 
ACE PACKING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Debtors

2024
£


Trade debtors
35,674

Other debtors
19,801

Prepayments and accrued income
17,537

73,012



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
30,883

30,883



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
37,423

Corporation tax
19,988

Other taxation and social security
16,907

Other creditors
2,906

Accruals and deferred income
4,250

81,474



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary Shares share of £1.00
1


On incorporation, the Company issued 1 ordinary share of £1.00 nominal value at par value.

 
Page 6