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Company Registration No. 10941990 (England and Wales)
EVEREST PLASTICS LIMITED Unaudited accounts for the year ended 31 October 2022
EVEREST PLASTICS LIMITED Unaudited accounts Contents
Page
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EVEREST PLASTICS LIMITED Company Information for the year ended 31 October 2022
Directors
Bikash Sunar Tulsi Sunar
Company Number
10941990 (England and Wales)
Registered Office
UNIT 1A SECOND AVENUE SOUTHAMPTON HAMPSHIRE SO15 0LP UNITED KINGDOM
Accountants
Rapid Accountants Ltd 19 Nichols Road southampton England SO14 0NS
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EVEREST PLASTICS LIMITED Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,680 
21,048 
Current assets
Inventories
12,541 
10,419 
Debtors
688 
1,302 
Cash at bank and in hand
9,106 
20,024 
22,335 
31,745 
Creditors: amounts falling due within one year
(62,003)
(72,142)
Net current liabilities
(39,668)
(40,397)
Net liabilities
(19,988)
(19,349)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,989)
(19,350)
Shareholders' funds
(19,988)
(19,349)
For the year ending 31 October 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 26 October 2022 and were signed on its behalf by
Bikash Sunar Director Company Registration No. 10941990
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EVEREST PLASTICS LIMITED Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
EVEREST PLASTICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10941990. The registered office is UNIT 1A, SECOND AVENUE, SOUTHAMPTON, HAMPSHIRE, SO15 0LP, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
10%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Other tangible fixed assets
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2021
48,344 
1,581 
1,159 
51,084 
Additions
- 
3,603 
- 
3,603 
At 31 October 2022
48,344 
5,184 
1,159 
54,687 
Depreciation
At 1 November 2021
28,676 
1,011 
349 
30,036 
Charge for the year
3,934 
835 
202 
4,971 
At 31 October 2022
32,610 
1,846 
551 
35,007 
Net book value
At 31 October 2022
15,734 
3,338 
608 
19,680 
At 31 October 2021
19,668 
570 
810 
21,048 
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EVEREST PLASTICS LIMITED Notes to the Accounts for the year ended 31 October 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
688 
1,302 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
37,956 
45,206 
Taxes and social security
40 
2,625 
Loans from directors
9,045 
15,045 
Accruals
14,962 
9,266 
62,003 
72,142 
7
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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