C Pack Packaging Machinery Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04491052 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

C PACK PACKAGING MACHINERY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R Reilly

SECRETARY:

Mrs S Blacklaw

REGISTERED OFFICE:

Progress House

Unit 2

Athletic Street

Burnley

Lancashire

BB10 4LP

REGISTERED NUMBER:

04491052 (England and Wales)

ACCOUNTANTS:

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

FIXED ASSETS

Intangible assets

4

13,151

9,908

Tangible assets

5

472,241

662,781

Investments

6

43,128

43,128

528,520

715,817

CURRENT ASSETS

Stocks

2,000

-

Debtors

7

18,415

264,912

Cash at bank

327,967

134,117

348,382

399,029

CREDITORS

Amounts falling due within one year

8

261,409

746,655

NET CURRENT ASSETS/(LIABILITIES)

86,973

(347,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

615,493

368,191

CREDITORS

Amounts falling due after more than one year

9

(200,000

)

(150,000

)

PROVISIONS FOR LIABILITIES

(26,078

)

(37,908

)

NET ASSETS

389,415

180,283

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

389,413

180,281

SHAREHOLDERS' FUNDS

389,415

180,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 June 2017 and were signed by:

C R Reilly - Director

1.	STATUTORY INFORMATION

C Pack Packaging Machinery Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Intangible assets

Intangible assets are amortised over their useful economic life of 5 years.

Tangible fixed assets

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

Freehold property

-

10% on cost

Plant and machinery

-

50% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2015 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

10,250

Additions

5,563

At 31 December 2016

15,813

AMORTISATION

At 1 January 2016

342

Charge for year

2,320

At 31 December 2016

2,662

NET BOOK VALUE

At 31 December 2016

13,151

At 31 December 2015

9,908

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2016

382,931

355,870

22,710

Additions

2,542

-

-

At 31 December 2016

385,473

355,870

22,710

DEPRECIATION

At 1 January 2016

38,293

47,505

12,955

Charge for year

38,547

160,021

1,465

At 31 December 2016

76,840

207,526

14,420

NET BOOK VALUE

At 31 December 2016

308,633

148,344

8,290

At 31 December 2015

344,638

308,365

9,755

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2016

-

6,310

767,821

Additions

9,032

-

11,574

At 31 December 2016

9,032

6,310

779,395

DEPRECIATION

At 1 January 2016

-

6,287

105,040

Charge for year

2,070

11

202,114

At 31 December 2016

2,070

6,298

307,154

NET BOOK VALUE

At 31 December 2016

6,962

12

472,241

At 31 December 2015

-

23

662,781

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

43,128

NET BOOK VALUE

At 31 December 2016

43,128

At 31 December 2015

43,128

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

15,247

202,859

Other debtors

3,168

62,053

18,415

264,912

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

11,789

66,712

Amounts owed to group undertakings

1,217

76,811

Taxation and social security

57,018

1,900

Other creditors

191,385

601,232

261,409

746,655

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

200,000

150,000

10.	RELATED PARTY DISCLOSURES

11.	FIRST YEAR ADOPTION

This is the company's first set of financial statements prepared under FRS102. The date of transition to FRS102

was 1 January 2015.

The accounting policies are unchanged and there are no changes to profits and equity as previously reported.