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REGISTERED NUMBER: 04296214 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Bale-Pak Limited

Bale-Pak Limited (Registered number: 04296214)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bale-Pak Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D M Smith





SECRETARY: Ms T Maines





REGISTERED OFFICE: Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE





REGISTERED NUMBER: 04296214 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Bale-Pak Limited (Registered number: 04296214)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 33,709

CURRENT ASSETS
Stocks - 150,766
Debtors 6 1 65,483
Cash at bank and in hand - 20,300
1 236,549
CREDITORS
Amounts falling due within one year 7 3,778 176,894
NET CURRENT (LIABILITIES)/ASSETS (3,777 ) 59,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,777

)

93,364

CREDITORS
Amounts falling due after more than one
year

8

412,974

264,697
NET LIABILITIES (416,751 ) (171,333 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (416,755 ) (171,337 )
SHAREHOLDERS' FUNDS (416,751 ) (171,333 )

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 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.

Bale-Pak Limited (Registered number: 04296214)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 18 October 2024 and were signed by:





D M Smith - Director


Bale-Pak Limited (Registered number: 04296214)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bale-Pak 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 (£).


Amounts are rounded to the nearest Pound Sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents gross invoices sales of equipment, net of VAT.

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 - 20% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

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 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.

Bale-Pak Limited (Registered number: 04296214)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 23,853 33,371 35,939 93,163
Disposals - (33,371 ) (32,000 ) (65,371 )
At 30 June 2024 23,853 - 3,939 27,792
DEPRECIATION
At 1 July 2023 23,138 31,043 5,273 59,454
Charge for year 715 998 6,666 8,379
Eliminated on disposal - (32,041 ) (8,000 ) (40,041 )
At 30 June 2024 23,853 - 3,939 27,792
NET BOOK VALUE
At 30 June 2024 - - - -
At 30 June 2023 715 2,328 30,666 33,709

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors - 51,311
Other debtors 1 1
Prepayments and accrued income - 14,171
1 65,483

Included in trade debtors is a balance owed from Woodwaste Systems Ltd of £191 (2022: £245, the parent company.

Bale-Pak Limited (Registered number: 04296214)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts - 10,138
Trade creditors - 25,972
Amounts owed to group undertakings - 84,899
Social security and other taxes - 1,695
VAT - 12,635
Other creditors - 394
Deposits in advance - 37,310
Accrued expenses 3,778 3,851
3,778 176,894

Included in trade creditors is a balance owed to Woodwaste Systems Ltd of £2,334 (2022: £2,334, the parent company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans - 1-2 years - 10,315
Bank loans - 2-5 years - 14,382
Amounts owed to group undertakings 412,974 240,000
412,974 264,697