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 2020

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

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

21,170

44,710

Current assets

Stocks

60,574

50,410

Debtors

5

222,978

427,829

Cash at bank and in hand

264,676

233,060

548,228

711,299

Creditors

Amounts falling due within one year

6

(188,126

)

(286,752

)

Net current assets

360,102

424,547

Total assets less current liabilities

381,272

469,257

Capital and reserves

Called up share capital

196

196

Retained earnings

381,076

469,061

Shareholders' funds

381,272

469,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 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 Board of Directors and authorised for issue on 15 June 2021 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 26 (2019 - 29 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 December 2019

523,066

Disposals

(78,028

)

At 30 November 2020

445,038

Depreciation

At 1 December 2019

478,356

Charge for year

9,606

Eliminated on disposal

(64,094

)

At 30 November 2020

423,868

Net book value

At 30 November 2020

21,170

At 30 November 2019

44,710

5.

Debtors: amounts falling due within one year

30.11.20

30.11.19

£

£

Trade debtors

185,867

385,266

Other debtors

37,111

42,563

222,978

427,829

6.

Creditors: amounts falling due within one year

30.11.20

30.11.19

£

£

Trade creditors

165,392

239,498

Taxation and social security

15,255

33,921

Other creditors

7,479

13,333

188,126

286,752