Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true22022-12-01No description of principal activityfalse2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13795938 2022-12-01 2023-11-30 13795938 1900-03-02 2022-11-30 13795938 2023-11-30 13795938 2022-11-30 13795938 c:Director1 2022-12-01 2023-11-30 13795938 d:PlantMachinery 2022-12-01 2023-11-30 13795938 d:PlantMachinery 2023-11-30 13795938 d:PlantMachinery 2022-11-30 13795938 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13795938 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13795938 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13795938 d:ShareCapital 2023-11-30 13795938 d:ShareCapital 2022-11-30 13795938 d:RetainedEarningsAccumulatedLosses 2023-11-30 13795938 d:RetainedEarningsAccumulatedLosses 2022-11-30 13795938 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13795938 c:OrdinaryShareClass1 2023-11-30 13795938 c:OrdinaryShareClass1 2022-11-30 13795938 c:OrdinaryShareClass2 2022-12-01 2023-11-30 13795938 c:OrdinaryShareClass2 2023-11-30 13795938 c:OrdinaryShareClass2 2022-11-30 13795938 c:FRS102 2022-12-01 2023-11-30 13795938 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13795938 c:FullAccounts 2022-12-01 2023-11-30 13795938 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 13795938







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


PROPAK GROUP LIMITED






































img64b8.png                        

 


PROPAK GROUP LIMITED
REGISTERED NUMBER:13795938



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 4 
4,079
-

  
4,079
-

Current assets
  

Stocks
  
-
18,315

Debtors
  
1,824
13,440

Bank and cash balances
  
9,134
48,223

  
10,958
79,978

Creditors: amounts falling due within one year
  
(688)
(73,128)

Net current assets
  
 
 
10,270
 
 
6,850

Total assets less current liabilities
  
14,349
6,850

  

Net assets
  
14,349
6,850


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
14,249
6,750

  
14,349
6,850


Page 1

 


PROPAK GROUP LIMITED
REGISTERED NUMBER:13795938


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.




L Bennett
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PROPAK GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Propak Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered name can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£)

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The comparative figures represents the results for the period from 13th December 2021 to the 30th November 2022.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


PROPAK GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 


PROPAK GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
4,895



At 30 November 2023

4,895



Depreciation


Charge for the year on owned assets
816



At 30 November 2023

816



Net book value



At 30 November 2023
4,079



At 30 November 2022
-


5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



75 (2022 - 75) Ordinary A shares of £1.00 each
75
75
25 (2022 - 25) Ordinary B shares of £1.00 each
25
25

100

100


 
Page 5