Registered number
11729860
UK Food Packaging Limited
Report and Accounts
31 December 2024
UK Food Packaging Limited
Registered number: 11729860
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 95,672 107,691
Current assets
Stocks 82,000 175,000
Debtors 4 586,022 645,420
Cash at bank and in hand 305,257 103,412
973,279 923,832
Creditors: amounts falling due within one year 5 (506,289) (540,574)
Net current assets 466,990 383,258
Total assets less current liabilities 562,662 490,949
Creditors: amounts falling due after more than one year 6 - (33,140)
Provisions for liabilities (5,899) (7,859)
Net assets 556,763 449,950
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 555,763 448,950
Shareholder's funds 556,763 449,950
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Bilal Gilgil
Director
Approved by the board on 4 December 2025
UK Food Packaging Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% on reducing balance
Motor Vehicle 20% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 3,607 129,648 133,255
Additions 11,302 - 11,302
At 31 December 2024 14,909 129,648 144,557
Depreciation
At 1 January 2024 966 24,598 25,564
Charge for the year 2,311 21,010 23,321
At 31 December 2024 3,277 45,608 48,885
Net book value
At 31 December 2024 11,632 84,040 95,672
At 31 December 2023 2,641 105,050 107,691
4 Debtors 2024 2023
£ £
Trade debtors 24,133 -
Other debtors 561,889 645,420
586,022 645,420
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 309,694 296,445
Taxation and social security costs 196,595 244,129
Other creditors - -
506,289 540,574
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 33,140
7 Other information
UK Food Packaging Limited is a private company limited by shares and incorporated in England. Its registered office is:
500 White Hart Lane
London
N17 7NA
8 Deferred Tax
Tax on profit includes deferred tax assets of £ 1,960 for ye 31.12.24 & £ 1,965 for ye 31.12.23.
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