Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-312025-05-212025-05-21112023-01-01falseWholesale of other intermediate products10falsetruefalse 01863766 2023-01-01 2023-12-31 01863766 2022-01-01 2022-12-31 01863766 2023-12-31 01863766 2022-12-31 01863766 c:Director3 2023-01-01 2023-12-31 01863766 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 01863766 d:Buildings d:ShortLeaseholdAssets 2023-12-31 01863766 d:Buildings d:ShortLeaseholdAssets 2022-12-31 01863766 d:PlantMachinery 2023-01-01 2023-12-31 01863766 d:MotorVehicles 2023-01-01 2023-12-31 01863766 d:MotorVehicles 2023-12-31 01863766 d:MotorVehicles 2022-12-31 01863766 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01863766 d:OfficeEquipment 2023-01-01 2023-12-31 01863766 d:OfficeEquipment 2023-12-31 01863766 d:OfficeEquipment 2022-12-31 01863766 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01863766 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01863766 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 01863766 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 01863766 d:CurrentFinancialInstruments 2023-12-31 01863766 d:CurrentFinancialInstruments 2022-12-31 01863766 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01863766 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01863766 d:ShareCapital 2023-12-31 01863766 d:ShareCapital 2022-12-31 01863766 d:RetainedEarningsAccumulatedLosses 2023-12-31 01863766 d:RetainedEarningsAccumulatedLosses 2022-12-31 01863766 c:FRS102 2023-01-01 2023-12-31 01863766 c:Audited 2023-01-01 2023-12-31 01863766 c:FullAccounts 2023-01-01 2023-12-31 01863766 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01863766 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01863766 2 2023-01-01 2023-12-31 01863766 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01863766









INKA PRESSWOOD PALLETS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INKA PRESSWOOD PALLETS LIMITED
REGISTERED NUMBER: 01863766

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
100,631
79,359

Current assets
  

Stocks
 6 
794,620
717,304

Debtors: amounts falling due within one year
 7 
434,973
703,015

Cash at bank and in hand
 8 
775,807
592,872

  
2,005,400
2,013,191

Creditors: amounts falling due within one year
 9 
(664,776)
(720,787)

Net current assets
  
 
 
1,340,624
 
 
1,292,404

Net assets
  
1,441,255
1,371,763


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,440,255
1,370,763

  
1,441,255
1,371,763


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 21 May 2025.




M Böhmer
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Inka Presswood Pallets Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 1, Horndon Industrial Park, West Horndon, Brentwood, Essex, CM13 3XL.
The Company's principal activity during the year under review was that of the retail of presswood and plastic pallets and other packaging and handling products.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.

Page 2

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Straight line
Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Straight line
Office equipment
-
33%
Straight line

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.
Page 4

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 10).



4.


Intangible assets




Website domain name

£



Cost


At 1 January 2023
2,870



At 31 December 2023

2,870



Amortisation


At 1 January 2023
2,870



At 31 December 2023

2,870



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 5

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
107,615
53,984
37,372
198,971


Additions
41,900
48,750
3,624
94,274


Disposals
-
(34,989)
-
(34,989)



At 31 December 2023

149,515
67,745
40,996
258,256



Depreciation


At 1 January 2023
67,898
18,270
33,444
119,612


Charge for the year on owned assets
26,928
10,532
3,469
40,929


Disposals
-
(2,916)
-
(2,916)



At 31 December 2023

94,826
25,886
36,913
157,625



Net book value



At 31 December 2023
54,689
41,859
4,083
100,631



At 31 December 2022
39,717
35,714
3,928
79,359




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short leasehold
54,689
39,717



6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
794,620
717,304


Page 6

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
418,391
680,975

Amounts owed by group undertakings
495
1,226

Other debtors
3,782
15,838

Prepayments and accrued income
12,305
4,976

434,973
703,015



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
775,807
592,872



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
489,357
271,206

Amounts owed to group undertakings
4,789
109,176

Corporation tax
17,424
135,773

Other taxation and social security
133,085
164,564

Other creditors
19,629
35,780

Accruals and deferred income
492
4,288

664,776
720,787



10.


Pension commitments

In the period the Company incurred defined contribution pension costs of £5,381 (2022 - £4,619). Included in other creditors is an amount of £1,264 owed to (2022 - £929) the pension provider.

Page 7

 
INKA PRESSWOOD PALLETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


11.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


12.


Related party transactions

Included within other debtors is an amount of £495 (2022 - £1,226) owed from companies under common control.
Included within other creditors is an amount of £4,789 
(2022 - £109,176) owed to companies under common control


13.


Controlling party

The immediate parent company is Inka Holdings (UK) Limited. Its registered office is Unit 1, Horndon Industrial Park, West Horndon, Brentwood, Essex, CM13 3XL.
The smallest group for which consolidated financial statements are drawn up of which the Company is  a member is those of Vierhouten Groep B.V., whose registered office is Lokhorstweg 13 A, 3851SE Ermelo, The Netherlands.

14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 21 May 2025 by Ricky Downey (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8