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REGISTERED NUMBER: 01318091 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jaymar Packaging Limited

Jaymar Packaging Limited (Registered number: 01318091)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Jaymar Packaging Limited (Registered number: 01318091)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 895,926 947,919

CURRENT ASSETS
Debtors 5 1,364,297 1,363,159
Cash at bank 250,890 237,716
1,615,187 1,600,875
CREDITORS
Amounts falling due within one year 6 1,701,090 1,930,926
NET CURRENT LIABILITIES (85,903 ) (330,051 )
TOTAL ASSETS LESS CURRENT LIABILITIES 810,023 617,868

CREDITORS
Amounts falling due after more than one year 7 (313,746 ) (496,667 )

PROVISIONS FOR LIABILITIES (189,691 ) (169,618 )
NET ASSETS/(LIABILITIES) 306,586 (48,417 )

CAPITAL AND RESERVES
Called up share capital 45 45
Capital redemption reserve 55 55
Retained earnings 306,486 (48,517 )
SHAREHOLDERS' FUNDS 306,586 (48,417 )

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr C A Street - Director


Jaymar Packaging Limited (Registered number: 01318091)

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

1. STATUTORY INFORMATION

Jaymar Packaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01318091

Registered office: Jaymar House
First Avenue
Crewe Gate Industrial Estate
Crewe
Cheshire
CW1 6XS

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 represents amounts receivable for goods and services net of VAT and trade discounts. Income is recognised when a right to consideration under each contract has been obtained through performance and reflects the contract activity during the year with any profits, having regard to their stage of completion, being included within debtors and shown as amounts recoverable on contracts.

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.
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Jaymar Packaging Limited (Registered number: 01318091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 36 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 2,660,679 256,653 69,890 2,987,222
Additions 14,200 33,387 13,995 61,582
Disposals - - (26,400 ) (26,400 )
At 31 December 2024 2,674,879 290,040 57,485 3,022,404
DEPRECIATION
At 1 January 2024 1,822,786 191,833 24,684 2,039,303
Charge for year 84,798 13,774 9,260 107,832
Eliminated on disposal - - (20,657 ) (20,657 )
At 31 December 2024 1,907,584 205,607 13,287 2,126,478
NET BOOK VALUE
At 31 December 2024 767,295 84,433 44,198 895,926
At 31 December 2023 837,893 64,820 45,206 947,919

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 14,200
At 31 December 2024 14,200
DEPRECIATION
Charge for year 700
At 31 December 2024 700
NET BOOK VALUE
At 31 December 2024 13,500

Jaymar Packaging Limited (Registered number: 01318091)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 950,186 939,132
Accrued income 310,723 345,033
Other debtors 103,388 78,994
1,364,297 1,363,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 193,334 193,333
Hire purchase contracts 2,840 -
Trade creditors 305,478 428,457
Taxation and social security 258,698 366,921
Other creditors 940,740 942,215
1,701,090 1,930,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 303,333 496,667
Hire purchase contracts 10,413 -
313,746 496,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 496,667 690,000
Hire purchase contracts 13,253 -
509,920 690,000

The bank loan is secured by fixed and floating charges in favour of Close Bros Limited

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is Jaymar Holdings Limited.

The ultimate controlling party is C Street, A Conway and G Marsh.