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
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
EVEREST PLASTICS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
16,122
19,680
Cash at bank and in hand
4,681
9,106
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)
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
EVEREST PLASTICS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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:
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
At 31 October 2023
48,344
5,496
1,371
55,211
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
At 31 October 2023
12,587
2,920
615
16,122
At 31 October 2022
15,734
3,338
608
19,680
EVEREST PLASTICS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
25
40
Loans from directors
17,779
9,045
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 5 (2022: 5).