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REGISTERED NUMBER: 03173508 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

C.R.T. Packaging (UK) Limited

C.R.T. Packaging (UK) Limited (Registered number: 03173508)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.R.T. Packaging (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr C Robinson
Mr S J Halliday





SECRETARY: Mrs J Robinson





REGISTERED OFFICE: 5 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 03173508 (England and Wales)





ACCOUNTANTS: S&W Partners (Newcastle) Limited
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

C.R.T. Packaging (UK) Limited (Registered number: 03173508)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 165,196 189,673

CURRENT ASSETS
Stocks 699,617 614,977
Debtors 6 2,266,389 2,235,666
Cash at bank and in hand 2,228,689 2,367,338
5,194,695 5,217,981
CREDITORS
Amounts falling due within one year 7 (2,763,041 ) (2,827,981 )
NET CURRENT ASSETS 2,431,654 2,390,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,596,850

2,579,673

CAPITAL AND RESERVES
Called up share capital 200 200
Profit and loss account 2,596,650 2,579,473
2,596,850 2,579,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





Mr S J Halliday - Director


C.R.T. Packaging (UK) Limited (Registered number: 03173508)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

C.R.T. Packaging (UK) 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. 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.

Preparation of consolidated financial statements
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

C.R.T. Packaging (U.K.) Limited is a wholly owned subsidiary of CRT Holdings Limited.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery20% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

C.R.T. Packaging (UK) Limited (Registered number: 03173508)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 6 ).

C.R.T. Packaging (UK) Limited (Registered number: 03173508)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 282,853
Additions 38,000
Disposals (11,000 )
At 31 December 2024 309,853
DEPRECIATION
At 1 January 2024 93,180
Charge for year 56,290
Eliminated on disposal (4,813 )
At 31 December 2024 144,657
NET BOOK VALUE
At 31 December 2024 165,196
At 31 December 2023 189,673

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,111,485 1,928,335
Amounts owed by group undertakings - 75,175
Other debtors 134,904 212,156
2,246,389 2,215,666

Amounts falling due after more than one year:
Other debtors 20,000 20,000

Aggregate amounts 2,266,389 2,235,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,318,870 2,573,318
Amounts owed to group undertakings 121,325 -
Taxation and social security 291,079 248,360
Other creditors 31,767 6,303
2,763,041 2,827,981

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr C Robinson
Balance outstanding at start of year - 3,436
Amounts advanced 291,946 239,544
Amounts repaid (310,699 ) (242,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,753 ) -

C.R.T. Packaging (UK) Limited (Registered number: 03173508)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr S J Halliday
Balance outstanding at start of year 68,101 69,228
Amounts advanced 24,296 24,955
Amounts repaid (91,352 ) (26,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,045 68,101

The above loans are made at an interest free and are repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in debtors is amounts due to the parent company CRT Holdings Limited of -£121,325 (2023: £75,175). The loan is made interest free and is repayable on demand.