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Registered number: 06531679
Packaids Holdings Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 October 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06531679
31 October 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 535,000 535,000
Investments 5 472,339 472,339
1,007,339 1,007,339
CURRENT ASSETS
Debtors 6 2 2
Cash at bank and in hand 1,933 6,451
1,935 6,453
Creditors: Amounts Falling Due Within One Year 7 (676,792 ) (623,049 )
NET CURRENT ASSETS (LIABILITIES) (674,857 ) (616,596 )
TOTAL ASSETS LESS CURRENT LIABILITIES 332,482 390,743
Creditors: Amounts Falling Due After More Than One Year 8 (131,553 ) (191,139 )
NET ASSETS 200,929 199,604
CAPITAL AND RESERVES
Called up share capital 9 902 902
Profit and Loss Account 200,027 198,702
SHAREHOLDERS' FUNDS 200,929 199,604
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For the period ending 31 October 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 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 Matthew Burgess
Director
Mr Stephen Hutton
Director
11 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Packaids Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06531679 . The registered office is Packaids House , Ruscombe Park Ruscombe Lane, Twyford, Berkshire, RG10 9LU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions.Where necessary the directors shall excerise prudent judgement in making and applying judgements and estimations that affect thepreparation of these financial statements. 
Judgements and estimations shall be based on relevant information and experience,considering the substance over form principle. Management shall ensure consistency in judgement application accross reporting periods unless circumstances necessitate changes to new information or developments. Judgements and estimations are expected to be in the following key areas: fair value adjustments, revenue recognition, impairments assessments, whether significant costs are regarded as current expenditure or capital items and provisions and contingencies.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revisions affects on that period, or in the period of revision and future periods where the revision affects both the current and future periods.
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:
Freehold not depreciated
Freehold land buildings and recorded on the cost basis.
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.
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 535,000
As at 31 October 2024 535,000
Net Book Value
As at 31 October 2024 535,000
As at 1 October 2023 535,000
5. Investments
Subsidiaries
£
Cost
As at 1 October 2023 472,339
As at 31 October 2024 472,339
Provision
As at 1 October 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 472,339
As at 1 October 2023 472,339
Details of the company's subsidiaries at 30 September 2024 are as follows:
Name of the company: Packaids Limited
Company number: 00905736
Nature of the business: Print finising
Ordinary share class holding: 100%
Ordinary A share class holding: 100%
Capital and reserves: £844,482
Profit / (loss) for the year ended 30 September 2024: £ 237,034
6. Debtors
31 October 2024 30 September 2023
£ £
Due within one year
Called up share capital not paid 2 2
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7. Creditors: Amounts Falling Due Within One Year
31 October 2024 30 September 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 54,003 37,841
Directors' loan accounts 19,400 19,400
Amounts owed to subsidiaries 603,388 565,808
676,792 623,049
The bank loan is secured, by way of a first charge in favour of the lender, on the asset to which it relates.
Directors' loan accounts are unsecured, interest-free and repayable on demand.
Amounts due to the company's subsidiary is unsecured, interest-free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 30 September 2023
£ £
Bank loans 131,553 191,139
The bank loan is secured, by way of a first charge in favour of the lender, on the asset to which it relates.
Repayments are expected to be made monthly until September 2029.
9. Share Capital
31 October 2024 30 September 2023
£ £
Called Up Share Capital not Paid 2 2
Called Up Share Capital has been paid up 900 900
Amount of Allotted, Called Up Share Capital 902 902
10. Other Commitments
The total of future minimum payments under bank loans are as following:
31 October 2024 30 September 2023
£ £
Not later than one year 53,261 53,261
Later than one year and not later than five years 266,305 266,305
319,566 319,566
The bank loan is secured, by way of a first charge in favour of the lender, on the asset to which it relates.
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11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Matthew Burgess 9,700 - - - 9,700
Mr Stephen Hutton 9,700 - - - 9,700
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
31 October 2024 30 September 2023
£ £
Mr Matthew Burgess 57,000 59,600
Mr Stephen Hutton 57,000 59,600
12. Ultimate Controlling Party Not Known
In the opinion of the directors, the company has no controlling party. The shareholding of the company is held on a 50% / 50% basis by the two shareholders, who are also directors of the company.
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