02840734falseequipment manufaturing.2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/cd:Director32022-12-012023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02840734
Mount Packaging Systems Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
Prepared By:
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Mount Packaging Systems Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Lincoln Daniel Brown
James Ralph Richardson
David Tucker
REGISTERED OFFICE
Shawcross Business Park
Owl Lane
Dewsbury
West Yorkshire
WF12 7RF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02840734
ACCOUNTANTS
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Mount Packaging Systems Limited
ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Mount Packaging Systems Limited
BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets313,3208,267
Investment Assets41,2761,276
14,5969,543
CURRENT ASSETS
Stock853,570737,772
Debtors6104,820185,105
Cash at bank and in hand109,93462,010
1,068,324984,887
CREDITORS: Amounts falling due within one year7698,477695,637
NET CURRENT ASSETS369,847289,250
TOTAL ASSETS LESS CURRENT LIABILITIES384,443298,793
CREDITORS: Amounts falling due after more than one year814,67623,188
NET ASSETS369,767275,605
CAPITAL AND RESERVES
Called up share capital108001,000
Profit and loss account368,967274,605
SHAREHOLDERS' FUNDS369,767275,605
For the year ending 30/11/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/03/2024 and signed on their behalf by
.............................
Lincoln Daniel Brown
Director
Mount Packaging Systems Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 15%
Fixtures and Fittingsreducing balance 10%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
Mount Packaging Systems Limited
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. INTANGIBLE FIXED ASSETS
PatentsTotal
££
Cost
At 01/12/20229,0389,038
At 30/11/20239,0389,038
Depreciation
At 01/12/20229,0389,038
At 30/11/20239,0389,038
Net Book Amounts
At 30/11/2023--
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/12/2022214,029214,029
Additions6,9496,949
Disposals2,3322,332
At 30/11/2023223,310223,310
Depreciation
At 01/12/2022205,762205,762
For the year4,2284,228
At 30/11/2023209,990209,990
Net Book Amounts
At 30/11/202313,32013,320
At 30/11/20228,2678,267
Mount Packaging Systems Limited
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/12/20221,2761,276
At 30/11/20231,2761,276
Amortisation
Net Book Amounts
At 30/11/20231,2761,276
At 30/11/20221,2761,276
5. STOCK 20232022
££
Stock comprises:
Stock122,174121,340
Work in progress731,396616,432
853,570737,772
6. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors86,546176,602
VAT4,640-
Other Tax1,496-
Other debtors12,1388,503
104,820185,105
Mount Packaging Systems Limited
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Bank loans and overdrafts10,00011,487
Trade creditors359,261548,725
Taxation and social security11,76550,860
Other creditors317,45184,565
698,477695,637
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts14,67623,188
14,67623,188
9. EMPLOYEES
20232022
No.No.
Average number of employees1417
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
800 Ordinary shares of £1 each8001000
8001,000