Company No:
Contents
| Directors | M Byrne (Resigned 13 December 2024) |
| C M A Dean (Appointed 13 February 2025) | |
| M J F Pawsey (Resigned 01 February 2024) | |
| M H Kersh | |
| M G Sargent (Resigned 13 February 2025) | |
| A L Sutton (Appointed 01 February 2024) | |
| A Turner (Appointed 01 February 2024) |
| Registered office | Springfield House |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG | |
| United Kingdom |
| Company number | 05872228 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| Springfield House | |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 1,874 | 731 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 520,969 | 481,531 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 264,832 | 206,053 | ||
| Total assets less current liabilities | 266,706 | 206,784 | ||
| Net assets |
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| Reserves | ||||
| Profit and loss account |
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| Total reserves |
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Directors' responsibilities:
The financial statements of Foodservice Packaging Association (registered number:
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A Turner
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Foodservice Packaging Association (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales with the company number 05872228. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The company is limited by guarantee and operates as a not-for-profit mutual trading company. Accordingly, a Statement of Comprehensive Income has been prepared and references are made to a surplus or deficit rather than a profit or loss. The directors consider this presentation, which is a departure from the Companies Act 2006 prescribed format, more accurately reflects the substance of the company's reported transactions and arrangements.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Defined contribution schemes
The Company operates a defined contribution plan 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.
| Plant and machinery etc. |
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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.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, excluding directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 January 2024 |
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| Additions |
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| At 31 December 2024 |
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| Accumulated depreciation | |||
| At 01 January 2024 |
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| Charge for the financial year |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 | 1,874 | 1,874 | |
| At 31 December 2023 | 731 | 731 |
| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments |
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| Other debtors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxation and social security |
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| Other creditors |
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The members of the Foodservice Packaging Association have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.
Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions payable by the company for the year was £946 (2023 : £811). Contributions payable to the fund at the year end included in other creditors is £265 (2023 : £270).
During the year the company made the following related party transactions:
Martin Kersh Marketing
(Director of the company)
M H Kersh, a director of Foodservice Packaging Association, owns Martin Kersh Marketing, a consultancy business that provides secretarial and administrative services to the Association. During the year, the Association was charged £55,000 (2023 - £45,000) for secretarial and administrative services. At the balance sheet date the amount due to Martin Kersh Marketing was £108,082 (2023 - £53,082).
M J F Pawsey
(Director of the company - resigned 1 February 2024)
During the year, the Association was charged £Nil (2023 - £30,000) for Chair services by M J F Pawsey. At the balance sheet date the amount due to M J F Pawsey was £Nil (2023 - £5,000).
M G Sargent
(Director of the company)
During the year, the Association was charged £9,600 (2023 - £7,643) for Honorarium services and expenditure by M G Sargent. The Honorarium fees totalling £7,643 (2023 - £7,643) have been included within accountancy fees. At the balance sheet the amount due to M G Sargent was £Nil (2023 - £1,875).
A Turner
(Director of the Company)
During the year, the Association was charged £6,202 for Chair services and other expenses by A Turner. At the balance sheet date the amount due to A Turner was £1,372.
M Byrne
(Director of the company - resigned 13 December 2024)
During the year, the Association was charged £23,061 (2023 - £2,100) for Chair services by M Byrne. At the balance sheet date the amount due to M Byrne was £119 (2023 - £1,168).