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REGISTERED NUMBER: 07069141 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

AM Packaging Corporation Limited

AM Packaging Corporation Limited (Registered number: 07069141)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AM Packaging Corporation Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A Mangan





REGISTERED OFFICE: 1 Pheasanrts Wood Drive
Thornton Cleveleys
Lancashire
FY5 2AW





REGISTERED NUMBER: 07069141 (England and Wales)





ACCOUNTANTS: Nathans
Chartered Certified Accountants
Trident Business Centre
Amy Johnson Way
Blackpool
Lancashire
FY4 2RP

AM Packaging Corporation Limited (Registered number: 07069141)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,641 29,963

CURRENT ASSETS
Stocks 450,000 350,000
Debtors 5 806,963 828,151
Cash at bank 996 7,132
1,257,959 1,185,283
CREDITORS
Amounts falling due within one year 6 (752,252 ) (667,478 )
NET CURRENT ASSETS 505,707 517,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,348

547,768

CREDITORS
Amounts falling due after more than
one year

7

(31,250

)

(56,250

)
NET ASSETS 483,098 491,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 482,998 491,418
SHAREHOLDERS' FUNDS 483,098 491,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AM Packaging Corporation Limited (Registered number: 07069141)

Balance Sheet - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





A Mangan - Director


AM Packaging Corporation Limited (Registered number: 07069141)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

AM Packaging Corporation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AM Packaging Corporation Limited (Registered number: 07069141)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 5,067 9,290 72,380 6,911 93,648
Additions - 2,360 - - 2,360
Disposals - - (58,380 ) - (58,380 )
At 30 November 2024 5,067 11,650 14,000 6,911 37,628
DEPRECIATION
At 1 December 2023 3,485 6,351 46,943 6,906 63,685
Charge for year 237 1,325 1,107 5 2,674
Eliminated on disposal - - (37,372 ) - (37,372 )
At 30 November 2024 3,722 7,676 10,678 6,911 28,987
NET BOOK VALUE
At 30 November 2024 1,345 3,974 3,322 - 8,641
At 30 November 2023 1,582 2,939 25,437 5 29,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 794,278 828,151
Other debtors 12,685 -
806,963 828,151

AM Packaging Corporation Limited (Registered number: 07069141)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 25,000 30,000
Taxation and social security 270,340 229,982
Other creditors 456,912 407,496
752,252 667,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 31,250 56,250

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
A Mangan
Balance outstanding at start of year (229,256 ) (180,534 )
Amounts advanced 595,976 514,355
Amounts repaid (468,666 ) (563,077 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (101,946 ) (229,256 )

There are no formal terms for the provision of directors loan accounts. No interest is due or payable and any outstanding balance is due upon demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Mangan.