P & A Packing (Northern) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02150642 (England and Wales)

P & A Packing (Northern) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2018

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

P Smith

Mrs V S Smith

Mrs S V Redman

M D Gleave

Secretary:

Mrs V S Smith

Registered office:

PO Box 3, Huntsman Drive

Northbank Industrial Park

Irlam

Manchester

M44 5PA

Registered number:

02150642 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

25,464

18,142

Current assets

Stocks

64,618

63,484

Debtors

5

320,998

407,609

Cash at bank and in hand

139,832

132,921

525,448

604,014

Creditors

Amounts falling due within one year

6

(264,090

)

(283,465

)

Net current assets

261,358

320,549

Total assets less current liabilities

286,822

338,691

Capital and reserves

Called up share capital

196

196

Retained earnings

286,626

338,495

Shareholders' funds

286,822

338,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 22 May 2019 and were signed on its behalf by:

P Smith - Director

1.	Statutory information

P & A Packing (Northern) 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 value added tax and

net of trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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. The company also makes contributions to

personal pension schemes of employees.

Contributions are charged to the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 29 (2017 - 29 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 December 2017

488,456

Additions

15,370

Disposals

(14,950

)

At 30 November 2018

488,876

Depreciation

At 1 December 2017

470,314

Charge for year

8,048

Eliminated on disposal

(14,950

)

At 30 November 2018

463,412

Net book value

At 30 November 2018

25,464

At 30 November 2017

18,142

5.

Debtors: amounts falling due within one year

30.11.18

30.11.17

£

£

Trade debtors

276,480

329,265

Other debtors

44,518

78,344

320,998

407,609

6.

Creditors: amounts falling due within one year

30.11.18

30.11.17

£

£

Trade creditors

212,611

233,515

Taxation and social security

27,057

24,268

Other creditors

24,422

25,682

264,090

283,465