A.C.C. Packaging Ltd SC243671 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is continues to be providing an agency service for packaging materials Digita Accounts Production Advanced 6.30.9574.0 true SC243671 2024-04-01 2025-03-31 SC243671 2025-03-31 SC243671 bus:OrdinaryShareClass1 2025-03-31 SC243671 core:CurrentFinancialInstruments 2025-03-31 SC243671 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC243671 core:Non-currentFinancialInstruments 2025-03-31 SC243671 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC243671 core:Goodwill 2025-03-31 SC243671 core:FurnitureFittingsToolsEquipment 2025-03-31 SC243671 core:MotorVehicles 2025-03-31 SC243671 bus:SmallEntities 2024-04-01 2025-03-31 SC243671 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC243671 bus:FilletedAccounts 2024-04-01 2025-03-31 SC243671 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC243671 bus:RegisteredOffice 2024-04-01 2025-03-31 SC243671 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 SC243671 bus:Director1 2024-04-01 2025-03-31 SC243671 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC243671 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC243671 bus:Agent1 2024-04-01 2025-03-31 SC243671 core:Goodwill 2024-04-01 2025-03-31 SC243671 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 SC243671 core:MotorVehicles 2024-04-01 2025-03-31 SC243671 countries:Scotland 2024-04-01 2025-03-31 SC243671 2024-03-31 SC243671 core:Goodwill 2024-03-31 SC243671 core:FurnitureFittingsToolsEquipment 2024-03-31 SC243671 core:MotorVehicles 2024-03-31 SC243671 2023-04-01 2024-03-31 SC243671 2024-03-31 SC243671 bus:OrdinaryShareClass1 2024-03-31 SC243671 core:CurrentFinancialInstruments 2024-03-31 SC243671 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC243671 core:Non-currentFinancialInstruments 2024-03-31 SC243671 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 SC243671 core:Goodwill 2024-03-31 SC243671 core:FurnitureFittingsToolsEquipment 2024-03-31 SC243671 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC243671

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A.C.C. Packaging Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

A.C.C. Packaging Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 9

 

A.C.C. Packaging Ltd

Company Information

Directors

Paul Stephen Frazher

Neill Jeffrey Frazher

Company secretary

Neill Jeffrey Frazher

Registered office

18 Garrell Road
Kilsyth
Glasgow
G65 9JX

Bankers

Royal Bank of Scotland plc
53a High Street
Dunblane
FK15 0EQ

Accountants

RGA Scotland Limited Chartered Accountants
Orchardlea
Callander
FK17 8BG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A.C.C. Packaging Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.C.C. Packaging Ltd for the year ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
 

This report is made solely to the Board of Directors of A.C.C. Packaging Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of A.C.C. Packaging Ltd and state those matters that we have agreed to state to the Board of Directors of A.C.C. Packaging Ltd, as a body, in this report.

This is in accordance with the requirements of the ACCA and, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.C.C. Packaging Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that A.C.C. Packaging Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A.C.C. Packaging Ltd. You consider that A.C.C. Packaging Ltd is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of A.C.C. Packaging Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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....................................................................

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG


 

29 August 2025

 

A.C.C. Packaging Ltd

(Registration number: SC243671)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

5

60,496

60,496

Tangible assets

6

16,750

21,250

 

77,246

81,746

Current assets

 

Stocks

7

6,000

6,000

Debtors

8

76,159

209,653

Cash at bank and in hand

 

1,071

1,670

 

83,230

217,323

Creditors: Amounts falling due within one year

9

(75,169)

(158,074)

Net current assets

 

8,061

59,249

Total assets less current liabilities

 

85,307

140,995

Creditors: Amounts falling due after more than one year

9

(25,000)

(75,000)

Net assets

 

60,307

65,995

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

60,207

65,895

Shareholders' funds

 

60,307

65,995

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
Paul Stephen Frazher
Director

 

A.C.C. Packaging Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
18 Garrell Road
Kilsyth
Glasgow
G65 9JX

These financial statements were authorised for issue by the Board on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A.C.C. Packaging Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

none applicable in current period

Motor vehicles

based on market value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

no charge from 2016/17 until further notice

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

A.C.C. Packaging Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including 3 directors) during the year, was 2 (2024 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

4,500

-

 

A.C.C. Packaging Ltd

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

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

108,016

108,016

At 31 March 2025

108,016

108,016

Amortisation

At 1 April 2024

47,520

47,520

At 31 March 2025

47,520

47,520

Carrying amount

At 31 March 2025

60,496

60,496

At 31 March 2024

60,496

60,496

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

750

28,500

29,250

At 31 March 2025

750

28,500

29,250

Depreciation

At 1 April 2024

-

8,000

8,000

Charge for the year

-

4,500

4,500

At 31 March 2025

-

12,500

12,500

Carrying amount

At 31 March 2025

750

16,000

16,750

At 31 March 2024

750

20,500

21,250

7

Stocks

2025
£

2024
£

Stock for sale and business use

6,000

6,000

 

A.C.C. Packaging Ltd

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

8

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

48,306

49,255

Amounts owed by related parties

27,853

160,398

   

76,159

209,653

9

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

11

30,363

30,363

Trade creditors

 

52,596

138,738

Taxation and social security

 

(9,409)

(12,825)

Accruals and deferred income

 

1,619

1,589

Other creditors

 

-

209

 

75,169

158,074

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

11

25,000

75,000

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

A.C.C. Packaging Ltd

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

11

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

25,000

75,000

Current loans and borrowings

2025
£

2024
£

Bank borrowings

50,000

50,000

Director current account

(19,637)

(19,637)

30,363

30,363