PAK NATIONAL FOODS LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 09380663 (England and Wales)

Financial Statements for the Year Ended 31st May 2023

for

PAK NATIONAL FOODS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N HANIF

SECRETARY:

REGISTERED OFFICE:

Alamgeer House

UNIT 4-5 ROBOTTOM CLOSE

WALSALL

West Midlands

WS2 7EB

REGISTERED NUMBER:

09380663 (England and Wales)

ACCOUNTANT:

A K & Co Accountants

732 Walsall Road

Great Barr

Birmingham

West Midlands

B42 1EX

CURRENT ASSETS

Investments

4

60,000

Cash at bank and in hand

2,517

1,521

62,517

61,521

CREDITORS

Amounts falling due within one year

5

27,356

14,606

NET CURRENT ASSETS

35,161

46,915

TOTAL ASSETS LESS CURRENT LIABILITIES

35,161

46,915

CREDITORS

Amounts falling due after more than one
year

6

30,000

39,787

NET ASSETS

5,161

7,128

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

5,061

7,028

SHAREHOLDERS' FUNDS

5,161

7,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 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.

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 9th June 2023 and were signed by:

N HANIF - Director

1.	STATUTORY INFORMATION

PAK NATIONAL FOODS LTD 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	CURRENT ASSET INVESTMENTS

31.5.23

31.5.22

£

Investment

60,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

Trade creditors

21,823

9,823

Tax

91

Directors' current accounts

4,692

3,192

Accrued expenses

750

1,500

27,356

14,606

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

Other loans (see note 7)

30,000

39,787

7.

LOANS

An analysis of the maturity of loans is given below:

31.5.23

31.5.22

£

Amounts falling due between one and two years:

Other loans - 1-2 years

30,000

39,787

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

100

ORDINARY SHARE CAPITAL

£1

100

9.

RESERVES

Retained

earnings

£

At 1st June 2022

7,028

Deficit for the year

(1,967

)

At 31st May 2023

5,061

PAK NATIONAL FOODS LTD - Accounts to registrar (filleted) - small 23.1.2

PAK NATIONAL FOODS LTD - Accounts to registrar (filleted) - small 23.1.2