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Registered number: 11524986
Tu Pack Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11524986
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,706 14,709
Tangible Assets 5 426,325 453,714
439,031 468,423
CURRENT ASSETS
Debtors 6 824,559 430,997
Cash at bank and in hand 98,399 271,712
922,958 702,709
Creditors: Amounts Falling Due Within One Year 7 (729,592 ) (671,589 )
NET CURRENT ASSETS (LIABILITIES) 193,366 31,120
TOTAL ASSETS LESS CURRENT LIABILITIES 632,397 499,543
Creditors: Amounts Falling Due After More Than One Year 8 (44,288 ) (223,701 )
NET ASSETS 588,109 275,842
CAPITAL AND RESERVES
Called up share capital 11 149 143
Share premium account 1,307,387 1,049,880
Profit and Loss Account (719,427 ) (774,181 )
SHAREHOLDERS' FUNDS 588,109 275,842
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Henry Hales
Director
9th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tu Pack Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11524986 . The registered office is Unit 8 Kwikform Building Hales Industrial Park, Rowley's Green Lane, Coventry, CV6 6AT.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks and a Website. They are amortised to profit and loss account over their various estimated economic lives.
2.4. 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:
Leasehold 3% Straight Line
Plant & Machinery Various rates
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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 years 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.
...CONTINUED
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2.5. Taxation - continued
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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 22)
22 22
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 19,393
Additions 1,916
As at 31 December 2024 21,309
...CONTINUED
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Page 5
Amortisation
As at 1 January 2024 4,684
Provided during the period 3,919
As at 31 December 2024 8,603
Net Book Value
As at 31 December 2024 12,706
As at 1 January 2024 14,709
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 339,102 93,346 108,484 31,245 572,177
Additions 2,493 683 19,793 4,432 27,401
As at 31 December 2024 341,595 94,029 128,277 35,677 599,578
Depreciation
As at 1 January 2024 20,621 25,180 54,009 18,653 118,463
Provided during the period 10,475 10,652 26,305 7,358 54,790
As at 31 December 2024 31,096 35,832 80,314 26,011 173,253
Net Book Value
As at 31 December 2024 310,499 58,197 47,963 9,666 426,325
As at 1 January 2024 318,481 68,166 54,475 12,592 453,714
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 686,720 346,925
Other debtors 137,839 84,072
824,559 430,997
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 307,704 221,865
Bank loans and overdrafts 49,557 37,164
Other creditors 241,072 265,934
Taxation and social security 131,259 146,626
729,592 671,589
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,992 96,204
Other creditors 18,296 127,497
44,288 223,701
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 58,994 95,026
10. Capital Grants
2024 2023
£ £
Balance at 1 January 2024 133,679 117,016
Increase / (Decrease) in the year (6,182) 16,663
Balance at 31 December 2024 127,497 133,679
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 149 143
12. Controlling Party
The company's controlling party is Mr Henry Hales by virtue of his ownership of 67% of the issued share capital in the company.
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