Company Registration No. 07142081 (England and Wales)
PAFBAG LIMITED
Unaudited accounts
for the year ended 31 May 2023
PAFBAG LIMITED
Unaudited accounts
Contents
PAFBAG LIMITED
Company Information
for the year ended 31 May 2023
Director
Richard Neville Bartrop
Secretary
Elizabeth Bartrop
Company Number
07142081 (England and Wales)
Registered Office
107 BENTS ROAD
BENTS GREEN
SHEFFIELD
S11 9RH
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
PAFBAG LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
50,894
59,868
Cash at bank and in hand
35,858
5
Creditors: amounts falling due within one year
(50,718)
(28,870)
Net current assets
57,200
21,147
Total assets less current liabilities
108,094
81,015
Creditors: amounts falling due after more than one year
(62,464)
(80,251)
Called up share capital
2
2
Profit and loss account
45,628
762
Shareholders' funds
45,630
764
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Richard Neville Bartrop
Director
Company Registration No. 07142081
PAFBAG LIMITED
Notes to the Accounts
for the year ended 31 May 2023
PAFBAG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07142081. The registered office is 107 BENTS ROAD, BENTS GREEN, SHEFFIELD, S11 9RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
82,911
556
3,113
86,580
At 31 May 2023
91,683
556
3,113
95,352
At 1 June 2022
23,155
444
3,113
26,712
Charge for the year
17,634
112
-
17,746
At 31 May 2023
40,789
556
3,113
44,458
At 31 May 2023
50,894
-
-
50,894
At 31 May 2022
59,756
112
-
59,868
Amounts falling due within one year
Trade debtors
49,950
34,512
PAFBAG LIMITED
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,791
4,241
Trade creditors
18,383
8,136
Taxes and social security
817
5,063
Other creditors
9,401
6,361
Loans from directors
11,247
(903)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
42,508
54,133
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).