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REGISTERED NUMBER: 04026808 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STAEGER PACKAGING SOLUTIONS LTD

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STAEGER PACKAGING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C P Page
T Seufert





SECRETARY: Ms M J Jones





REGISTERED OFFICE: Units 6-8 Buckingham Close
St George’s Way
Bermuda Industrial Estate
Nuneaton
West Midlands
CV10 7JT





REGISTERED NUMBER: 04026808 (England and Wales)





AUDITORS: Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,000 -
Tangible assets 5 233,657 135,144
259,657 135,144

CURRENT ASSETS
Stocks 124,311 165,495
Debtors 6 1,082,352 860,641
Cash at bank 463,722 986,260
1,670,385 2,012,396
CREDITORS
Amounts falling due within one year 7 291,935 270,133
NET CURRENT ASSETS 1,378,450 1,742,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,638,107

1,877,407

PROVISIONS FOR LIABILITIES 58,065 46,714
NET ASSETS 1,580,042 1,830,693

CAPITAL AND RESERVES
Called up share capital 8 112,500 112,500
Retained earnings 1,467,542 1,718,193
SHAREHOLDERS' FUNDS 1,580,042 1,830,693

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 10 March 2025 and were signed on its behalf by:





C P Page - Director


STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Staeger Packaging Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, excluding discounts and value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the statement of comprehensive income in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal instalments over their estimated useful lives as follows:

Land and buildings - Straight line over 10 years
Plant and machinery etc - Straight line over 10 years
Fixtures and Fittings - Straight line over 10 years
Motor vehicles - Straight line over 4 years

Any gains and losses on the disposal of tangible fixed assets are recognised in the statement of comprehensive income in the year that the disposal takes place.

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of raw materials includes all costs in bringing the product to is current location and condition, whilst the cost of finished goods includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Stocks are maintained on a first in, first out basis.

As stocks are sold, the carrying amount of those stocks is recognised as an expense in the year in which he related revenue is recognised.

At each reporting date, stocks are assessed for impairment and due allowances are made for obsolete and slow-moving items to reduce the carrying amount of these goods and their estimated selling price less costs to complete and sell. The amount of any write-down is recognised as an expense in the year that the write-down occurs. The reversal of any previous write-down is recognised as a reduction in the amount of stock expensed in the year that the reversal occurs.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

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 shorter.

The interest element of these obligations is charged to the statement of comprehensive income 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 statement of comprehensive income 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 statement of comprehensive income in the period to which they relate to.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 26,000
At 31 December 2024 26,000
NET BOOK VALUE
At 31 December 2024 26,000

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 - 1,122,545 1,122,545
Additions 11,355 156,655 168,010
Disposals - (141,281 ) (141,281 )
At 31 December 2024 11,355 1,137,919 1,149,274
DEPRECIATION
At 1 January 2024 - 987,401 987,401
Charge for year 1,893 38,628 40,521
Eliminated on disposal - (112,305 ) (112,305 )
At 31 December 2024 1,893 913,724 915,617
NET BOOK VALUE
At 31 December 2024 9,462 224,195 233,657
At 31 December 2023 - 135,144 135,144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 309,124 301,439
Amounts owed by group undertakings 645,828 445,024
Other debtors 127,400 114,178
1,082,352 860,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 53,853 160,491
Taxation and social security 74,443 82,108
Other creditors 163,639 27,534
291,935 270,133

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
112,500 Ordinary 1 112,500 112,500

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tejinder Saran (Senior Statutory Auditor)
for and on behalf of Accumen Business Consultancy Limited

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments and guaranteed which are not included in the balance sheet, amount to £142,473 (2023: £186,010).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
D T Freeman
Balance outstanding at start of year 936 12,246
Amounts advanced 2,048 4,875
Amounts repaid (2,984 ) (16,185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 936

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Related party transactions with Stager & Co AG have not been disclosed as the company is a wholly owned subsidiary of Stager & Co AG and is included within the consolidated accounts of the group.

13. POST BALANCE SHEET EVENTS

During a meeting planned for 28 March 2025, the directors will declare a dividend of £3.11 per share, amounting to a total of £350,000. The dividend will be payable on 31 March 2025 to shareholders on the register as of 31 December 2024.

This dividend has not been provided for in the financial statements as at 31 December 2024, as it was declared after the balance sheet date. The total dividend payable will be recognised in the financial statements for the year ending 31 December 2025.

STAEGER PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04026808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


14. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Convaso Holding AG, a company incorporated in Switzerland.

The company is a wholly-owned subsidiary of Stager & Co AG, which is the group in which the results of the company are consolidated.

The registered office and principal place of business of Stager & Co AG is Luzernerstrasse 61, Muri AG, 5630, Switzerland.