International Export Packers Limited Filleted accounts for Companies House (small and micro)
International Export Packers Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03666901
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Financial Statements |
Year ended 31 August 2023
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
22 March 2024
, and are signed on behalf of the board by:
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Director |
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Company registration number:
03666901
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Notes to the Financial Statements |
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is International Logistics Centre, Fosse Way, Newark, Nottinghamshire, NG24 4SP, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and property improvements |
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Plant and machinery |
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Fixtures, fittings and equipment |
- |
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Motor vehicles |
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Office equipment |
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25% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2022:
15
).
5.
Tangible assets
Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Sep 2022 |
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– |
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Additions |
– |
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– |
– |
1,005 |
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Disposals |
– |
(
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– |
– |
– |
(
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At 31 Aug 2023 |
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1,005 |
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Depreciation |
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At 1 Sep 2022 |
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– |
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Charge for the year |
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251 |
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Disposals |
– |
(
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– |
– |
– |
(
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At 31 Aug 2023 |
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251 |
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Carrying amount |
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At 31 Aug 2023 |
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754 |
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At 31 Aug 2022 |
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– |
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6.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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8.
Controlling party
The ultimate parent company is Trade Freight International Limited, a company whose registered office and principle place of business address is International Logistics Centre, Fosse Way, Newark, Nottinghamshire, NG24 4SP.