Hylands Packaging Limited - Accounts to registrar (filleted) - small 18.2
Hylands Packaging Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| FOR |
| HYLANDS PACKAGING LIMITED |
| HYLANDS PACKAGING LIMITED (REGISTERED NUMBER: 02807374) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HYLANDS PACKAGING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 17 George Street |
| St Helens |
| Merseyside |
| WA10 1DB |
| HYLANDS PACKAGING LIMITED (REGISTERED NUMBER: 02807374) |
| ABRIDGED BALANCE SHEET |
| 30 JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| HYLANDS PACKAGING LIMITED (REGISTERED NUMBER: 02807374) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| Hylands Packaging Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
| have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. |
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the |
| buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the |
| transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured |
| reliably. This is usually on dispatch of the goods. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost |
| includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a systematic basis over its expected useful life as follows: |
| Plant and equipment | - | 15% on reducing balance |
| Fixtures and fittings | - | 10% on reducing balance |
| Motor vehicles | - | 25% on reducing balance |
| Computer equipment | - | Straight line over 3 years |
| Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the |
| recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its |
| recoverable amount, an impairment loss is recognised in profit or loss. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of |
| purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past |
| reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements that |
| arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent |
| that it is probable that they will be recovered against future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date that are expected to apply to the reversal of timing differences. |
| HYLANDS PACKAGING LIMITED (REGISTERED NUMBER: 02807374) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are |
| recognised at the undiscounted amount expected to be paid in exchange for that service. |
| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they |
| become payable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2019 |
| and 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 5. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 7. | RELATED PARTY DISCLOSURES |
| The company is a wholly owned subsidiary of HPL Holdings Limited a company incorporated in England and Wales. At the |
| balance sheet date, the amount owed by HPL Holdings Limited was £20,870 (2019 - £420). |
| 8. | OTHER INFORMATION |
| Due to the corona virus outbreak and the subsequent lock down, the company's results reflect only 9 months of trade. |