IRIS Accounts Production v22.2.0.402 03325624 director 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033256242021-03-31033256242022-03-31033256242021-04-012022-03-31033256242020-03-31033256242020-04-012021-03-31033256242021-03-3103325624ns16:EnglandWales2021-04-012022-03-3103325624ns15:PoundSterling2021-04-012022-03-3103325624ns11:Director12021-04-012022-03-3103325624ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3103325624ns11:SmallEntities2021-04-012022-03-3103325624ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3103325624ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3103325624ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3103325624ns11:FullAccounts2021-04-012022-03-3103325624ns11:CompanySecretary12021-04-012022-03-3103325624ns11:RegisteredOffice2021-04-012022-03-3103325624ns6:CurrentFinancialInstruments2022-03-3103325624ns6:CurrentFinancialInstruments2021-03-3103325624ns6:ShareCapital2022-03-3103325624ns6:ShareCapital2021-03-3103325624ns6:RetainedEarningsAccumulatedLosses2022-03-3103325624ns6:RetainedEarningsAccumulatedLosses2021-03-3103325624ns6:LandBuildings2021-04-012022-03-3103325624ns6:PlantMachinery2021-04-012022-03-3103325624ns6:LandBuildings2021-03-3103325624ns6:PlantMachinery2021-03-3103325624ns6:LandBuildings2022-03-3103325624ns6:PlantMachinery2022-03-3103325624ns6:LandBuildings2021-03-3103325624ns6:PlantMachinery2021-03-3103325624ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103325624ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3103325624ns11:Director112021-03-3103325624ns11:Director112020-03-3103325624ns11:Director112021-04-012022-03-3103325624ns11:Director112020-04-012021-03-3103325624ns11:Director112022-03-3103325624ns11:Director112021-03-31
REGISTERED NUMBER: 03325624 (England and Wales)















Paktech Limited

Unaudited Financial Statements for the Year Ended 31 March 2022






Paktech Limited (Registered number: 03325624)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Paktech Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: H A M Adams





SECRETARY: Mrs S J Hendry





REGISTERED OFFICE: 58 St. Williams Way
Rochester
Kent
ME1 2PD





REGISTERED NUMBER: 03325624 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Paktech Limited (Registered number: 03325624)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,182 193,024

CURRENT ASSETS
Inventories 36,455 41,044
Debtors 5 120,784 95,737
Cash at bank and in hand 219,489 200,193
376,728 336,974
CREDITORS
Amounts falling due within one year 6 32,341 25,798
NET CURRENT ASSETS 344,387 311,176
TOTAL ASSETS LESS CURRENT LIABILITIES 544,569 504,200

PROVISIONS FOR LIABILITIES 1,024 898
NET ASSETS 543,545 503,302

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 543,445 503,202
SHAREHOLDERS' FUNDS 543,545 503,302

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 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.

Paktech Limited (Registered number: 03325624)

Statement of Financial Position - continued
31 March 2022


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 director and authorised for issue on 5 September 2022 and were signed by:





H A M Adams - Director


Paktech Limited (Registered number: 03325624)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Paktech 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.

Income recognition
Turnover represents net invoiced sale of goods and services provided, excluding value added tax. Turnover includes a valuation of the work carried out as at the balance sheet date which had not been completed and invoiced until after the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Inventories
Inventories are valued at the lower of cost and net estimated selling price less selling costs.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

Paktech Limited (Registered number: 03325624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 213,113 27,976 241,089
Additions 10,368 2,154 12,522
At 31 March 2022 223,481 30,130 253,611
DEPRECIATION
At 1 April 2021 24,816 23,249 48,065
Charge for year 3,870 1,494 5,364
At 31 March 2022 28,686 24,743 53,429
NET BOOK VALUE
At 31 March 2022 194,795 5,387 200,182
At 31 March 2021 188,297 4,727 193,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 55,441 71,942
Other debtors 65,343 23,795
120,784 95,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 2,190 6,616
Taxation and social security 26,327 15,661
Other creditors 3,824 3,521
32,341 25,798

Paktech Limited (Registered number: 03325624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
H A M Adams
Balance outstanding at start of year - -
Amounts advanced 35,000 -
Amounts repaid (32,363 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,637 -