Company Registration No. 04551854 (England and Wales)
PAK POULTRY PRODUCTS LIMITED
Unaudited accounts
for the year ended 31 March 2024
PAK POULTRY PRODUCTS LIMITED
Unaudited accounts
Contents
PAK POULTRY PRODUCTS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Qumran ALI
Mansoor ALI
Company Number
04551854 (England and Wales)
Registered Office
12 MILLGATE PADDOCK
HUDDERSFIELD
HD1 4SD
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
PAK POULTRY PRODUCTS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
225,062
252,067
Cash at bank and in hand
379,502
292,875
Creditors: amounts falling due within one year
(535,493)
(402,517)
Net current assets
480,444
241,917
Total assets less current liabilities
705,506
493,984
Creditors: amounts falling due after more than one year
(20,763)
(31,411)
Net assets
684,743
462,573
Called up share capital
96
96
Profit and loss account
684,647
462,477
Shareholders' funds
684,743
462,573
For the year ending 31 March 2024 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 9 August 2024 and were signed on its behalf by
Qumran ALI
Director
Company Registration No. 04551854
PAK POULTRY PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
PAK POULTRY PRODUCTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04551854. The registered office is 12 MILLGATE PADDOCK, 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.
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
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PAK POULTRY PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
450,227
146,125
76,964
673,316
Additions
22,318
14,649
-
36,967
At 31 March 2024
472,545
160,774
76,964
710,283
At 1 April 2023
313,744
37,461
70,044
421,249
Charge for the year
31,760
30,828
1,384
63,972
At 31 March 2024
345,504
68,289
71,428
485,221
At 31 March 2024
127,041
92,485
5,536
225,062
At 31 March 2023
136,483
108,664
6,920
252,067
Amounts falling due within one year
Trade debtors
402,190
257,793
Amounts falling due after more than one year
Amounts due from group undertakings etc.
210,370
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
428,324
262,125
Taxes and social security
79,821
31,690
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 14 (2023: 14).