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REGISTERED NUMBER: 01560068 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SHOWELL PACKING LIMITED

SHOWELL PACKING LIMITED (REGISTERED NUMBER: 01560068)






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


SHOWELL PACKING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P R Howard
Mrs J A Howard
S R Howard





SECRETARY: L J Aston





REGISTERED OFFICE: Showell Road
Wolverhampton
West Midlands
WV10 9JY





REGISTERED NUMBER: 01560068 (England and Wales)





AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

SHOWELL PACKING LIMITED (REGISTERED NUMBER: 01560068)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,739 89,789
77,739 89,789

CURRENT ASSETS
Stocks 598,530 485,992
Debtors 6 813,800 704,063
Prepayments and accrued income 8,000 8,000
Cash at bank and in hand 1,066,865 3,446,369
2,487,195 4,644,424
CREDITORS
Amounts falling due within one year 7 673,776 3,260,693
NET CURRENT ASSETS 1,813,419 1,383,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,891,158

1,473,520

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,890,158 1,472,520
SHAREHOLDERS' FUNDS 1,891,158 1,473,520

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 24 March 2025 and were signed on its behalf by:





P R Howard - Director


SHOWELL PACKING LIMITED (REGISTERED NUMBER: 01560068)

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

1. STATUTORY INFORMATION

Showell Packing 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 represents net invoiced sales of goods and services excluding value added tax.


Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on 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 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.

SHOWELL PACKING LIMITED (REGISTERED NUMBER: 01560068)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 41,592
AMORTISATION
At 1 July 2023
and 30 June 2024 41,592
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 157,159 13,750 3,288 174,197
Additions 1,294 - 278 1,572
At 30 June 2024 158,453 13,750 3,566 175,769
DEPRECIATION
At 1 July 2023 68,739 13,750 1,919 84,408
Charge for year 13,457 - 165 13,622
At 30 June 2024 82,196 13,750 2,084 98,030
NET BOOK VALUE
At 30 June 2024 76,257 - 1,482 77,739
At 30 June 2023 88,420 - 1,369 89,789

SHOWELL PACKING LIMITED (REGISTERED NUMBER: 01560068)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 764,950 701,613
Amounts owed by group undertakings 24,870 -
Other debtors 23,980 2,450
813,800 704,063

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,440 75,639
Amounts owed to group undertakings 436,370 3,169,667
Taxation and social security 148,614 11,621
Other creditors 5,352 3,766
673,776 3,260,693

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Howard.

10. CONSOLIDATION

The parent company which draws up the consolidated accounts is Hoship Group (Holdings) Limited. Their registered office address is C/O Howard Shipping Services Limited, Showell Road, Wolverhampton, United Kingdom WV10 9JY.