P. & A. Packing (Northern) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02150642 (England and Wales)

P. & A. Packing (Northern) Limited

Abbreviated Unaudited Accounts For The Year Ended 30 November 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Smith

Mrs V S Smith

SECRETARY:

Mrs V S Smith

REGISTERED OFFICE:

PO Box 3

Huntsman Drive

Irlam

Manchester

M44 5PA

REGISTERED NUMBER:

02150642 (England and Wales)

ACCOUNTANT:

Huddart

Chartered Accountants

164 Walkden Road

Walkden

Worsley

Manchester

M28 7DP

FIXED ASSETS

Tangible assets

2

74,488

98,434

CURRENT ASSETS

Stocks

53,081

54,976

Debtors

3

388,064

790,321

Cash at bank and in hand

355,996

172,076

797,141

1,017,373

CREDITORS

Amounts falling due within one year

269,094

390,167

NET CURRENT ASSETS

528,047

627,206

TOTAL ASSETS LESS CURRENT LIABILITIES

602,535

725,640

CAPITAL AND RESERVES

Called up share capital

4

196

196

Profit and loss account

602,339

725,444

SHAREHOLDERS' FUNDS

602,535

725,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 July 2014 and were signed on its behalf by:

P Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

585,269

Additions

33,500

Disposals

(16,478

)

At 30 November 2013

602,291

DEPRECIATION

At 1 December 2012

486,835

Charge for year

57,446

Eliminated on disposal

(16,478

)

At 30 November 2013

527,803

NET BOOK VALUE

At 30 November 2013

74,488

At 30 November 2012

98,434

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2012 - £ 5,273 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

196

Ordinary Shares

£1

196

196

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2013

and 30 November 2012:

2013

2012

£

£

P Smith

Balance outstanding at start of year

(2,108

)

21,092

Amounts advanced

-

6,007

Amounts repaid

2,108

(29,207

)

Balance outstanding at end of year

-

(2,108

)

The loan was at commercial rates of interest and repayable on demand.