Clan Packaging Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01948455 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Clan Packaging Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Sneddon

Mrs C Sneddon

SECRETARY:

Mrs C Sneddon

REGISTERED OFFICE:

Clan House

Maidenhead Road

Windsor

Berkshire

SL4 5UB

REGISTERED NUMBER:

01948455 (England and Wales)

ACCOUNTANTS:

R A McLeod & Co

Chartered Accountants

10 Portland Business Centre

Manor House Lane

Datchet

Berkshire

SL3 9EG

FIXED ASSETS

Tangible assets

4

7,781

9,154

CURRENT ASSETS

Debtors

5

58,093

71,692

Cash at bank

177

60,246

58,270

131,938

CREDITORS

Amounts falling due within one year

6

1,501

1,944

NET CURRENT ASSETS

56,769

129,994

TOTAL ASSETS LESS CURRENT LIABILITIES

64,550

139,148

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,450

139,048

SHAREHOLDERS' FUNDS

64,550

139,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 4 May 2018 and were signed on its behalf by:

S R Sneddon - Director

1.	STATUTORY INFORMATION

Clan 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 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.

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

-

15% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2017

and 31 January 2018

37,693

DEPRECIATION

At 1 February 2017

28,539

Charge for year

1,373

At 31 January 2018

29,912

NET BOOK VALUE

At 31 January 2018

7,781

At 31 January 2017

9,154

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

-

13,599

Other debtors

56,781

56,781

VAT

1,312

1,312

58,093

71,692

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade creditors

1

100

Directors' current accounts

-

344

Accrued expenses

1,500

1,500

1,501

1,944

7.	SECURED DEBTS

The bank has an unlimited debenture over the company's assets dated 20/04/2000.

8.	RELATED PARTY DISCLOSURES

A loan of £56781 to Transdermal Technology & Systems (TTS) Limited, a company in which S R Sneddon is a

director and shareholder is included in other debtors.