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REGISTERED NUMBER: 11700345 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Pac Vent Ltd

Pac Vent Ltd (Registered number: 11700345)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pac Vent Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: P A Crook





REGISTERED OFFICE: 263 Trimdon Avenue
Middlesbrough
TS5 8TL





REGISTERED NUMBER: 11700345 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
Queens Court Business Centre
Newport Road
Middlesbrough
TS1 5EH

Pac Vent Ltd (Registered number: 11700345)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,309 1,400

CURRENT ASSETS
Debtors 5 115,479 75,752
Cash at bank 47,821 16,568
163,300 92,320
CREDITORS
Amounts falling due within one year 6 54,951 46,181
NET CURRENT ASSETS 108,349 46,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,658

47,539

CREDITORS
Amounts falling due after more than one
year

7

(18,073

)

(25,083

)

PROVISIONS FOR LIABILITIES 8 (819 ) (266 )
NET ASSETS 93,766 22,190

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 93,765 22,189
93,766 22,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Pac Vent Ltd (Registered number: 11700345)

Balance Sheet - continued
30 November 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 16 October 2023 and were signed by:





P A Crook - Director


Pac Vent Ltd (Registered number: 11700345)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Pac Vent 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 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.
Plant and machinery etc - 20% on cost and 20% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

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.

Pac Vent Ltd (Registered number: 11700345)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 3,500
Additions 3,850
At 30 November 2022 7,350
DEPRECIATION
At 1 December 2021 2,100
Charge for year 941
At 30 November 2022 3,041
NET BOOK VALUE
At 30 November 2022 4,309
At 30 November 2021 1,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 10,000 7,114
Other debtors 105,479 68,638
115,479 75,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 7,000 7,000
Taxation and social security 24,000 16,418
Other creditors 23,951 22,763
54,951 46,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 18,073 25,083

8. PROVISIONS FOR LIABILITIES
30.11.22 30.11.21
£    £   
Deferred tax 819 266

Pac Vent Ltd (Registered number: 11700345)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2021 266
Timing differences 553
Balance at 30 November 2022 819

9. RELATED PARTY DISCLOSURES

As at the 30th November 2022 the company owed its director £14,501 (2021: £16,184 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is P A Crook.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pac Vent Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pac Vent Ltd for the year ended 30 November 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pac Vent Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pac Vent Ltd and state those matters that we have agreed to state to the director of Pac Vent Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pac Vent Ltd and its director for our work or for this report.

It is your duty to ensure that Pac Vent Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pac Vent Ltd. You consider that Pac Vent Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pac Vent Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






APC Accountancy
Chartered Accountants
Queens Court Business Centre
Newport Road
Middlesbrough
TS1 5EH


16 October 2023