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REGISTERED NUMBER: 01572649 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

FOR

PROPACK AUTOMATION MACHINERY
LIMITED

PROPACK AUTOMATION MACHINERY
LIMITED (REGISTERED NUMBER: 01572649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROPACK AUTOMATION MACHINERY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: P J Fleming
E M Fleming





SECRETARY: E M Fleming





REGISTERED OFFICE: 10 Hill Wootton Road
Leek Wootton
Warwickshire
CV35 7QL





REGISTERED NUMBER: 01572649 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

PROPACK AUTOMATION MACHINERY
LIMITED (REGISTERED NUMBER: 01572649)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks - 5,000
Debtors 5 148,759 261,703
Cash at bank and in hand 693,191 549,104
841,950 815,807
CREDITORS
Amounts falling due within one year 6 475,040 436,838
NET CURRENT ASSETS 366,910 378,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,910

378,969

CAPITAL AND RESERVES
Called up share capital 1,175 1,175
Share premium 13,133 13,133
Capital redemption reserve 10,000 10,000
Retained earnings 342,602 354,661
SHAREHOLDERS' FUNDS 366,910 378,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 14 August 2022 and were signed on its behalf by:




P J Fleming - Director


PROPACK AUTOMATION MACHINERY
LIMITED (REGISTERED NUMBER: 01572649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Propack Automation Machinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Computer 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.

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 (2021 - NIL).

PROPACK AUTOMATION MACHINERY
LIMITED (REGISTERED NUMBER: 01572649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021
and 31 March 2022 44,890
DEPRECIATION
At 1 April 2021
and 31 March 2022 44,890
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 90,075 75,237
Other debtors 58,684 186,466
148,759 261,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 3,511 13,083
Taxation and social security 20,047 54,052
Other creditors 451,482 369,703
475,040 436,838

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Fleming by virtue of his beneficial shareholdings in the parent company.

8. ULTIMATE PARENT COMPANY

The company's ultimate holding undertaking is Propack Holdings Limited, registered office 10 Hill Wootton Road, Leek Wootton, Warwick, Warwickshire, CV35 7QL.