Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-23The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.02023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity99truetruefalse 01160538 2023-10-01 2024-09-30 01160538 2022-10-01 2023-09-30 01160538 2024-09-30 01160538 2023-09-30 01160538 c:Director1 2023-10-01 2024-09-30 01160538 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 01160538 d:Buildings d:ShortLeaseholdAssets 2024-09-30 01160538 d:Buildings d:ShortLeaseholdAssets 2023-09-30 01160538 d:PlantMachinery 2023-10-01 2024-09-30 01160538 d:PlantMachinery 2024-09-30 01160538 d:PlantMachinery 2023-09-30 01160538 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01160538 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01160538 d:FurnitureFittings 2023-10-01 2024-09-30 01160538 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01160538 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 01160538 d:CurrentFinancialInstruments 2024-09-30 01160538 d:CurrentFinancialInstruments 2023-09-30 01160538 d:Non-currentFinancialInstruments 2024-09-30 01160538 d:Non-currentFinancialInstruments 2023-09-30 01160538 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01160538 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01160538 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01160538 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01160538 d:ShareCapital 2024-09-30 01160538 d:ShareCapital 2023-09-30 01160538 d:RetainedEarningsAccumulatedLosses 2024-09-30 01160538 d:RetainedEarningsAccumulatedLosses 2023-09-30 01160538 c:OrdinaryShareClass1 2023-10-01 2024-09-30 01160538 c:OrdinaryShareClass1 2024-09-30 01160538 c:OrdinaryShareClass1 2023-09-30 01160538 c:FRS102 2023-10-01 2024-09-30 01160538 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01160538 c:FullAccounts 2023-10-01 2024-09-30 01160538 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01160538 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01160538 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01160538 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-09-30 01160538 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-30 01160538 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01160538














BELL PACKAGING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 SEPTEMBER 2024

 
BELL PACKAGING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
BELL PACKAGING LIMITED
REGISTERED NUMBER:01160538

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
133,668
154,232

Current assets
  

Stocks
 5 
46,369
38,384

Debtors: amounts falling due within one year
 6 
145,217
194,227

Cash at bank and in hand
  
522,029
578,078

  
713,615
810,689

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(480,679)
(592,427)

Net current assets
  
 
 
232,936
 
 
218,262

Total assets less current liabilities
  
366,604
372,494

Creditors: amounts falling due after more than one year
 8 
(107,085)
(117,627)

Provisions for liabilities
  

Deferred tax
 9 
(33,193)
(29,304)

Net assets
  
226,326
225,563


Capital and reserves
  

Called up share capital 
 10 
220,000
220,000

Profit and loss account
  
6,326
5,563

  
226,326
225,563


The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
BELL PACKAGING LIMITED
REGISTERED NUMBER:01160538
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The company has opted not to file the statement of comprehensive income 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 23 May 2025.



P Lennie
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bell Packaging Limited is a private limited liability company registered in England and Wales. Its registered office address is at Unit 8 Barratt Industrial Park, Airport Way, Luton, Bedfordshire, LU2 9NH.
The principal activity of the Company is the design and manufacture of high quality presentation packaging.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised by the Company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised in the period when the goods are dispatched.

 
2.3

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, as stated below.

Depreciation is provided on the following basis:

Short term leasehold property
-
straight line over the term of the lease
Plant & machinery
-
12.5% reducing balance
Fixtures & fittings
-
25% reducing balance

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.
Page 3

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Research and development costs

In the research phase of an internal project where it is not possible to demonstrate that the project will generate future economic benefits all expenditure on research is recognised as an expense when incurred.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price. Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ sterling.

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.

Page 4

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.12

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.13

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.14

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plans 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plans are held separately from the company in independently administered funds.

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income  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 reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and 
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 5

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Short term leasehold property
Plant & machinery
Total

£
£
£



Cost


At 1 October 2023
44,426
875,514
919,940


Additions
-
541
541


Disposals
-
(3,495)
(3,495)



At 30 September 2024

44,426
872,560
916,986



Depreciation


At 1 October 2023
44,426
721,282
765,708


Charge for the year on owned assets
-
13,100
13,100


Charge for the year on financed assets
-
6,777
6,777


Disposals
-
(2,267)
(2,267)



At 30 September 2024

44,426
738,892
783,318



Net book value



At 30 September 2024
-
133,668
133,668



At 30 September 2023
-
154,232
154,232

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£


Plant and machinery
47,441
54,218


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
46,369
38,384

Page 6

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£

Trade debtors
110,535
154,198

Prepayments and accrued income
34,682
40,029

145,217
194,227



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,600
9,600

Trade creditors
207,653
321,440

Taxation and social security
24,645
37,850

Accruals and deferred income
238,781
223,537

480,679
592,427



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,200
16,800

Director's loan
92,000
92,000

Government grants received
7,885
8,827

107,085
117,627



9.


Deferred taxation




2024


£



At beginning of year
29,304


Released to profit and loss
3,889



At end of year
33,193

Page 7

 
BELL PACKAGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
33,193
29,304


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



220,000 (2023 - 220,000) Ordinary shares of £1 each
220,000
220,000



11.


Controlling party

The directors regard Bell Packaging Holdings Limited, a Company registered in England & Wales, as the ultimate parent undertaking. 

 
Page 8