Sino-Pack (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07083653 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Sino-Pack (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S W Clarke

H J W Clarke

Mrs S R Clarke

REGISTERED OFFICE:

The Old Farm House

Low Road

Hatcliffe

Grimsby

N E Lincolnshire

DN37 0SH

REGISTERED NUMBER:

07083653 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,690

5,543

CURRENT ASSETS

Debtors

5

88,082

63,667

Cash at bank

226,097

264,353

314,179

328,020

CREDITORS

Amounts falling due within one year

6

102,855

90,810

NET CURRENT ASSETS

211,324

237,210

TOTAL ASSETS LESS CURRENT LIABILITIES

217,014

242,753

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

216,910

242,649

SHAREHOLDERS' FUNDS

217,014

242,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 August 2019 and were signed on its behalf by:

H J W Clarke - Director

1.	STATUTORY INFORMATION

Sino-Pack (UK) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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.

Fixtures and fittings

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date where material. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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 (2017 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2017

14,391

Additions

3,853

At 30 November 2018

18,244

DEPRECIATION

At 1 December 2017

8,848

Charge for year

3,706

At 30 November 2018

12,554

NET BOOK VALUE

At 30 November 2018

5,690

At 30 November 2017

5,543

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

81,281

61,734

Other debtors

6,801

1,933

88,082

63,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

8,122

133

Taxation and social security

45,675

19,458

Other creditors

49,058

71,219

102,855

90,810

7.	ULTIMATE CONTROLLING PARTY

Mr H J W Clarke has ultimate control of the company as he holds the majority of the issued share capital.