Company Registration No. 08693288 (England and Wales)
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
unaudited financial statements
for the year ended 31 March 2024
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
unaudited financial statements
Contents
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Company Information
for the year ended 31 March 2024
Company Number
08693288 (England and Wales)
Registered Office
MILLGATE
HUDDERSFIELD
HD1 4SD
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD for the year ended
31 March 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants
Chartered Certified Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
9 August 2024
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
152,892
122,914
Creditors: amounts falling due within one year
1,167
(290,064)
Net current assets
213,022
208,205
Net assets
213,757
208,205
Called up share capital
100
100
Profit and loss account
213,657
208,105
Shareholders' funds
213,757
208,205
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 director acknowledges his 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 and authorised for issue on 9 August 2024 and were signed on its behalf by
Mansoor ALI
Director
Company Registration No. 08693288
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Notes to the Accounts
for the year ended 31 March 2024
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD is a private company, limited by shares, registered in England and Wales, registration number 08693288. The registered office is MILLGATE, 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.
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.
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
30% reducing balance method.
Motor vehicles
20% reducing balance method.
Fixtures & fittings
10% reducing balance method.
Computer equipment
20% reducing balance method.
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.
PAK POULTRY PRODUCTS (HUDDERSFIELD) LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
170,315
12,807
-
7,609
190,731
At 31 March 2024
170,315
12,807
919
7,609
191,650
At 1 April 2023
170,315
12,807
-
7,609
190,731
Charge for the year
-
-
184
-
184
At 31 March 2024
170,315
12,807
184
7,609
190,915
At 31 March 2024
-
-
735
-
735
Amounts falling due within one year
Trade debtors
58,963
375,355
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,700
30,738
Trade creditors
134,532
227,326
Taxes and social security
(3,982)
32,000
Loans from directors
(151,987)
-
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).