Packaging ''No-How'' Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03542921 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

PACKAGING ''NO-HOW'' LTD

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

D M Skinner

SECRETARY:

C M Marsh

REGISTERED OFFICE:

Unit 5 Creslands

Oldmixon Crescent

Weston Super Mare

North Somerset

BS24 9AX

REGISTERED NUMBER:

03542921 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Packaging ''No-How'' Ltd for the year ended

31 December 2014 which comprise the Profit and Loss Account, the Balance Sheet, the Cash

Flow Statement, the Statement of Total Recognised Gains and Losses and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Packaging ''No-How'' Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Packaging ''No-How'' Ltd and state those matters that we have agreed to state to the director of Packaging ''No-How'' Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Packaging ''No-How'' Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Packaging ''No-How'' Ltd. You consider that Packaging ''No-How'' Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of

Packaging ''No-How'' Ltd. For this reason, we have not verified the accuracy or completeness of

the accounting records or information and explanations you have given to us and we do not,

therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

29 September 2015

FIXED ASSETS

Tangible assets

2

6,940

1,275

CURRENT ASSETS

Stocks

-

4,358

Debtors

26,454

37,635

Cash at bank

2,769

7,596

29,223

49,589

CREDITORS

Amounts falling due within one year

9,511

16,513

NET CURRENT ASSETS

19,712

33,076

TOTAL ASSETS LESS CURRENT LIABILITIES

26,652

34,351

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

26,552

34,251

SHAREHOLDERS' FUNDS

26,652

34,351

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 29 September 2015 and were signed by:

D M Skinner - 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).

Turnover

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

recognised when the goods are sold.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Motor vehicles

-

25% on cost

Plant and equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

2,133

Additions

8,196

At 31 December 2014

10,329

DEPRECIATION

At 1 January 2014

858

Charge for year

2,531

At 31 December 2014

3,389

NET BOOK VALUE

At 31 December 2014

6,940

At 31 December 2013

1,275

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2014 and 31 December 2013:

2014

2013

£

£

D M Skinner

Balance outstanding at start of year

9,634

8,523

Amounts advanced

5,540

3,604

Amounts repaid

(10,000

)

(2,493

)

Balance outstanding at end of year

5,174

9,634