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REGISTERED NUMBER: 01677308 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

MID GLAM PACKING SUPPLIES LIMITED

MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,162 104,086

CURRENT ASSETS
Stocks 5 122,305 145,374
Debtors 6 492,798 547,855
Cash at bank and in hand 164,827 232,184
779,930 925,413
CREDITORS
Amounts falling due within one year 7 310,995 375,384
NET CURRENT ASSETS 468,935 550,029
TOTAL ASSETS LESS CURRENT LIABILITIES 548,097 654,115

CREDITORS
Amounts falling due after more than one
year

8

(21,652

)

(56,475

)

PROVISIONS FOR LIABILITIES (10,145 ) (14,203 )
NET ASSETS 516,300 583,437

CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Retained earnings 515,200 582,337
SHAREHOLDERS' FUNDS 516,300 583,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Balance Sheet - continued
31 March 2025


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 18 July 2025 and were signed on its behalf by:





Mr S Williams - Director


MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Mid Glam Packing Supplies Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 01677308

Registered office: Unit 8
Nine Mile Point Industrial Estate
Cwmfelinfach
Newport
NP11 7HZ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 29,439 52,140 214,140 295,719
Additions - 1,180 - 1,180
At 31 March 2025 29,439 53,320 214,140 296,899
DEPRECIATION
At 1 April 2024 28,855 49,339 113,439 191,633
Charge for year 73 855 25,176 26,104
At 31 March 2025 28,928 50,194 138,615 217,737
NET BOOK VALUE
At 31 March 2025 511 3,126 75,525 79,162
At 31 March 2024 584 2,801 100,701 104,086

5. STOCKS
2025 2024
£    £   
Stocks 122,305 145,374

MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 197,682 252,402
Other debtors 289,948 290,030
Prepayments 5,168 5,423
492,798 547,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 34,823 36,818
Trade creditors 185,510 227,448
Social security and other taxes 75,566 96,029
Other creditors 96 89
Accruals and deferred income 15,000 15,000
310,995 375,384

Included in creditors falling due within one year are bank overdrafts totalling £nil (2023: £45,046). The balance is secured by a fixed charge over the assets of the company.

Hire purchase liabilities totalling £36,818 (2023: £34,702) are secured against the assets to which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 21,652 56,475

Hire purchase liabilities totalling £56,475 (2023: £92,807) are secured against the assets to which they relate.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 34,823 36,818
Between one and five years 21,652 56,475
56,475 93,293

MID GLAM PACKING SUPPLIES LIMITED (REGISTERED NUMBER: 01677308)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 51,651 51,651
Between one and five years 206,023 206,189
In more than five years 167,326 218,811
425,000 476,651

The amount of non-cancellable operating lease payments recognised as an expense during the year was £46,909 (2023: £42,180).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary B £1 100 100
1,100 1,100