C Pack Packaging Machinery Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04491052

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

C PACK PACKAGING MACHINERY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C R Reilly

SECRETARY:

Mrs S Blacklaw

REGISTERED OFFICE:

Progress House

Unit 2

Athletic Street

Burnley

Lancashire

BB10 4LP

REGISTERED NUMBER:

04491052

ACCOUNTANTS:

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

FIXED ASSETS

Tangible assets

2

33,215

29,854

Investments

3

42,376

75,591

72,230

CURRENT ASSETS

Stocks

187,707

1,750

Debtors

87,603

171,532

Cash at bank

167,957

120,555

443,267

293,837

CREDITORS

Amounts falling due within one year

270,163

240,780

NET CURRENT ASSETS

173,104

53,057

TOTAL ASSETS LESS CURRENT
LIABILITIES

248,695

125,287

CREDITORS

Amounts falling due after more than one
year

(150,000

)

-

PROVISIONS FOR LIABILITIES

(4,096

)

(1,998

)

NET ASSETS

94,599

123,289

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

94,597

123,287

SHAREHOLDERS' FUNDS

94,599

123,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 September 2015 and were signed by:

C R Reilly - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about C Pack Packaging Machinery Ltd as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investments

Fixed asset investments are stated at cost.

Grants

Grants received towards the cost of tangible fixed assets are recognised in the profit and loss account over the

assets useful economic life. The amount not yet credited to the profit and loss account is included in accruals and

deferred income. Grants towards revenue expenditure are released to the profit and loss account as the related

expenditure is incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

73,179

Additions

13,389

Disposals

(19,000

)

At 31 December 2014

67,568

DEPRECIATION

At 1 January 2014

43,325

Charge for year

6,646

Eliminated on disposal

(15,618

)

At 31 December 2014

34,353

NET BOOK VALUE

At 31 December 2014

33,215

At 31 December 2013

29,854

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

42,376

NET BOOK VALUE

At 31 December 2014

42,376

At 31 December 2013

42,376

The company's investments at the Balance Sheet date in the share capital of companies include the following:

C Pack Pendle Limited

Nature of business: Engineers

%

Class of shares:

holding

Ordinary

51.00

2014

2013

£

Aggregate capital and reserves

134,364

24,359

Profit/(loss) for the year

110,005

(16,148

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

C Pack Packaging Machinery Ltd - Limited company - abbreviated - 11.6

C Pack Packaging Machinery Ltd - Limited company - abbreviated - 11.6