Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 7214686 Mr Shahin Aniz Chachia Mr Shahzad Aniz Chachia Mr Shuaib Chachia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7214686 2023-12-31 7214686 2024-12-31 7214686 2024-01-01 2024-12-31 7214686 frs-core:CurrentFinancialInstruments 2024-12-31 7214686 frs-core:Non-currentFinancialInstruments 2024-12-31 7214686 frs-core:PlantMachinery 2024-12-31 7214686 frs-core:PlantMachinery 2024-01-01 2024-12-31 7214686 frs-core:PlantMachinery 2023-12-31 7214686 frs-core:ShareCapital 2024-12-31 7214686 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 7214686 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 7214686 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 7214686 frs-bus:FullAccounts 2024-01-01 2024-12-31 7214686 frs-bus:SmallEntities 2024-01-01 2024-12-31 7214686 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 7214686 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 7214686 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 7214686 frs-bus:Director1 2024-01-01 2024-12-31 7214686 frs-bus:Director2 2024-01-01 2024-12-31 7214686 frs-bus:Director3 2024-01-01 2024-12-31 7214686 frs-bus:Director3 2024-12-31 7214686 frs-countries:EnglandWales 2024-01-01 2024-12-31 7214686 2022-12-31 7214686 2023-12-31 7214686 2023-01-01 2023-12-31 7214686 frs-core:CurrentFinancialInstruments 2023-12-31 7214686 frs-core:Non-currentFinancialInstruments 2023-12-31 7214686 frs-core:ShareCapital 2022-12-31 7214686 frs-core:ShareCapital 2023-12-31 7214686 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 7214686 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 7214686 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 7214686
Essential Packaging Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—10
Page 1
Company Information
Directors Mr Shahin Aniz Chachia
Mr Shahzad Aniz Chachia
Mr Shuaib Chachia
Company Number 7214686
Registered Office 50 Woodgate
Leicester
LE3 5GF
Accountants Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Mr Shahin Aniz Chachia
Mr Shahzad Aniz Chachia
Mr Shuaib Chachia Appointed 24/06/2024
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Shahzad Aniz Chachia
Director
20th March 2025
Page 2
Page 3
Accountant's Report
In accordance your instructions and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
20th March 2025
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 7,786,348 6,660,835
Cost of sales (6,577,294 ) (5,636,033 )
GROSS PROFIT 1,209,054 1,024,802
Administrative expenses (769,083 ) (982,595 )
OPERATING PROFIT 439,971 42,207
Other interest receivable and similar income - 555
Interest payable and similar charges (40,458 ) (43,301 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 399,513 (539 )
The notes on pages 8 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,483 14,091
9,483 14,091
CURRENT ASSETS
Stocks 183,392 435,916
Debtors 5 1,591,317 1,078,300
Cash at bank and in hand 555,594 175,578
2,330,303 1,689,794
Creditors: Amounts Falling Due Within One Year 6 (963,088 ) (714,803 )
NET CURRENT ASSETS (LIABILITIES) 1,367,215 974,991
TOTAL ASSETS LESS CURRENT LIABILITIES 1,376,698 989,082
Creditors: Amounts Falling Due After More Than One Year 7 (4,409 ) (14,806 )
NET ASSETS 1,372,289 974,276
CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Profit and Loss Account 1,312,289 914,276
SHAREHOLDERS' FUNDS 1,372,289 974,276
Page 5
Page 6
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Shahzad Aniz Chachia
Director
20th March 2025
The notes on pages 8 to 10 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 60,000 920,815 980,815
Loss for the year and total comprehensive income - (539 ) (539)
Dividends paid - (6,000) (6,000)
As at 31 December 2023 and 1 January 2024 60,000 914,276 974,276
Profit for the year and total comprehensive income - 399,513 399,513
Dividends paid - (1,500) (1,500)
As at 31 December 2024 60,000 1,312,289 1,372,289
Page 7
Page 8
Notes to the Financial Statements
1. General Information
Essential Packaging Limited is a private company, limited by shares, incorporated in England & Wales, registered number 7214686 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 8
Page 9
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees,excluding directors, during the year was as follows:
2024 2023
Office and administration 7 8
Sales, marketing and distribution 5 9
12 17
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 59,046
Additions 132
As at 31 December 2024 59,178
Depreciation
As at 1 January 2024 44,955
Provided during the period 4,740
As at 31 December 2024 49,695
Net Book Value
As at 31 December 2024 9,483
As at 1 January 2024 14,091
Page 9
Page 10
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,539,678 1,057,985
Other debtors 51,639 20,315
1,591,317 1,078,300
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 646,299 415,621
Bank loans and overdrafts 10,403 10,140
Other taxes and social security 300,747 282,023
Other creditors 5,639 7,019
963,088 714,803
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,409 14,806
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Trade Creditors 410,069 185,506
Page 10