Company Registration No. 08693288 (England and Wales)
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Unaudited accounts
for the year ended 31 March 2023
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Unaudited accounts
Contents
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Company Information
for the year ended 31 March 2023
Company Number
08693288 (England and Wales)
Registered Office
MILLGATE
HUDDERSFIELD
HD1 4SD
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
122,914
116,112
Creditors: amounts falling due within one year
(290,064)
(376,441)
Net current assets
208,205
97,587
Total assets less current liabilities
208,205
193,197
Creditors: amounts falling due after more than one year
-
(43,291)
Net assets
208,205
149,906
Called up share capital
100
100
Profit and loss account
208,105
149,806
Shareholders' funds
208,205
149,906
For the year ending 31 March 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 25 October 2023 and were signed on its behalf by
Mansoor ALI
Director
Company Registration No. 08693288
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Notes to the Accounts
for the year ended 31 March 2023
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD is a private company, limited by shares, registered in England and Wales, registration number 08693288. The registered office is MILLGATE, HUDDERSFIELD, HD1 4SD.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
30% reducing balance method.
Motor vehicles
20% reducing balance method.
Fixtures & fittings
10% reducing balance method.
Computer equipment
20% reducing balance method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
170,315
29,307
7,609
207,231
Disposals
-
(16,500)
-
(16,500)
At 31 March 2023
170,315
12,807
7,609
190,731
At 1 April 2022
104,239
5,861
1,521
111,621
Charge for the year
66,076
6,946
6,088
79,110
At 31 March 2023
170,315
12,807
7,609
190,731
At 31 March 2022
66,076
23,446
6,088
95,610
Amounts falling due within one year
Trade debtors
375,355
321,206
Amounts due from group undertakings etc.
-
35,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,738
-
Trade creditors
227,326
276,694
Amounts owed to group undertakings and other participating interests
-
43,413
Taxes and social security
32,000
32,188
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).