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Company Registration No. 10941990 (England and Wales)
EVEREST PLASTICS LIMITED Unaudited accounts for the year ended 31 October 2023
EVEREST PLASTICS LIMITED Unaudited accounts Contents
Page
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EVEREST PLASTICS LIMITED Company Information for the year ended 31 October 2023
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 348 Portswood Road, southampton England SO17 3SB
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EVEREST PLASTICS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,122 
19,680 
Current assets
Inventories
21,081 
12,541 
Debtors
(418)
688 
Cash at bank and in hand
4,681 
9,106 
25,344 
22,335 
Creditors: amounts falling due within one year
(22,896)
(62,003)
Net current assets/(liabilities)
2,448 
(39,668)
Total assets less current liabilities
18,570 
(19,988)
Creditors: amounts falling due after more than one year
(33,456)
- 
Net liabilities
(14,886)
(19,988)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(14,887)
(19,989)
Shareholders' funds
(14,886)
(19,988)
For the year ending 31 October 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 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 29 July 2024 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 2023
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 2022
48,344 
5,184 
1,159 
54,687 
Additions
- 
312 
212 
524 
At 31 October 2023
48,344 
5,496 
1,371 
55,211 
Depreciation
At 1 November 2022
32,610 
1,846 
551 
35,007 
Charge for the year
3,147 
730 
205 
4,082 
At 31 October 2023
35,757 
2,576 
756 
39,089 
Net book value
At 31 October 2023
12,587 
2,920 
615 
16,122 
At 31 October 2022
15,734 
3,338 
608 
19,680 
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EVEREST PLASTICS LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(418)
688 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
37,956 
Taxes and social security
25 
40 
Loans from directors
17,779 
9,045 
Accruals
5,092 
14,962 
22,896 
62,003 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
33,456 
- 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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