Grosvenor Packaging Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02377284 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Grosvenor Packaging Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M S Hodson

G T Hodson

REGISTERED OFFICE:

Melandra Road

Brookfield

Glossop

Derbyshire

SK13 6JQ

REGISTERED NUMBER:

02377284 (England and Wales)

ACCOUNTANTS:

Fletchers Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Tangible assets

4

1,188,929

1,032,384

CURRENT ASSETS

Stocks

63,243

64,725

Debtors

5

553,583

453,735

Cash at bank

225,270

228,016

842,096

746,476

CREDITORS

Amounts falling due within one year

6

623,510

601,918

NET CURRENT ASSETS

218,586

144,558

TOTAL ASSETS LESS CURRENT LIABILITIES

1,407,515

1,176,942

CREDITORS

Amounts falling due after more than one year

7

708,739

644,197

NET ASSETS

698,776

532,745

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

697,776

531,745

SHAREHOLDERS' FUNDS

698,776

532,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 July 2022 and were signed on its behalf by:

M S Hodson - Director

1.	STATUTORY INFORMATION

Grosvenor Packaging 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.

Plant and machinery etc

-

straight line over 3 years, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 18 (2021 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2021

829,500

665,953

1,495,453

Additions

-

228,485

228,485

Disposals

-

(145,015

)

(145,015

)

At 30 June 2022

829,500

749,423

1,578,923

DEPRECIATION

At 1 July 2021

10,488

452,581

463,069

Charge for year

3,396

39,660

43,056

Eliminated on disposal

-

(116,131

)

(116,131

)

At 30 June 2022

13,884

376,110

389,994

NET BOOK VALUE

At 30 June 2022

815,616

373,313

1,188,929

At 30 June 2021

819,012

213,372

1,032,384

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

548,686

445,024

Other debtors

4,897

8,711

553,583

453,735

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans and overdrafts

45,764

48,458

Hire purchase contracts

45,473

18,323

Trade creditors

481,493

371,633

Taxation and social security

(5,220

)

77,396

Other creditors

56,000

86,108

623,510

601,918

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans

572,170

619,696

Hire purchase contracts

136,569

24,501

708,739

644,197

Amounts falling due in more than five years:

Repayable by instalments

Mortgages more 5 yr by instal

537,670

576,196

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Fletchers Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

15 July 2022