IRIS Accounts Production v25.1.3.33 05649769 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 Medium entities services to the packaging industry. true false true true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056497692024-03-31056497692025-03-31056497692024-04-012025-03-31056497692023-03-31056497692023-04-012024-03-31056497692024-03-3105649769ns15:EnglandWales2024-04-012025-03-3105649769ns14:PoundSterling2024-04-012025-03-3105649769ns10:Director12024-04-012025-03-3105649769ns10:Director22024-04-012025-03-3105649769ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3105649769ns10:MediumEntities2024-04-012025-03-3105649769ns10:Audited2024-04-012025-03-3105649769ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-04-012025-03-3105649769ns10:Medium-sizedCompaniesRegimeForAccounts2024-04-012025-03-3105649769ns10:FullAccounts2024-04-012025-03-310564976912024-04-012025-03-3105649769ns10:Director72024-04-012025-03-3105649769ns10:Director82024-04-012025-03-3105649769ns10:Director92024-04-012025-03-3105649769ns10:RegisteredOffice2024-04-012025-03-3105649769ns10:Director32024-04-012025-03-3105649769ns10:Director42024-04-012025-03-3105649769ns10:Director52024-04-012025-03-3105649769ns10:Director62024-04-012025-03-3105649769ns5:RetainedEarningsAccumulatedLosses2024-03-3105649769ns5:RetainedEarningsAccumulatedLosses2023-03-3105649769ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-3105649769ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3105649769ns5:RetainedEarningsAccumulatedLosses2025-03-3105649769ns5:RetainedEarningsAccumulatedLosses2024-03-3105649769ns5:CurrentFinancialInstruments2025-03-3105649769ns5:CurrentFinancialInstruments2024-03-3105649769ns5:Non-currentFinancialInstruments2025-03-3105649769ns5:Non-currentFinancialInstruments2024-03-3105649769ns5:ShareCapital2025-03-3105649769ns5:ShareCapital2024-03-3105649769ns5:NetGoodwill2024-04-012025-03-3105649769ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3105649769ns5:PlantMachinery2024-04-012025-03-3105649769ns5:MotorVehicles2024-04-012025-03-3105649769ns5:ComputerEquipment2024-04-012025-03-3105649769ns15:UnitedKingdom2024-04-012025-03-3105649769ns15:UnitedKingdom2023-04-012024-03-3105649769ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2024-04-012025-03-3105649769ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-04-012024-03-3105649769ns10:HighestPaidDirector2024-04-012025-03-3105649769ns10:HighestPaidDirector2023-04-012024-03-3105649769ns5:OwnedAssets2024-04-012025-03-3105649769ns5:OwnedAssets2023-04-012024-03-3105649769ns5:NetGoodwill2023-04-012024-03-3105649769ns5:NetGoodwill2025-03-3105649769ns5:PlantMachinery2024-03-3105649769ns5:MotorVehicles2024-03-3105649769ns5:ComputerEquipment2024-03-3105649769ns5:PlantMachinery2025-03-3105649769ns5:MotorVehicles2025-03-3105649769ns5:ComputerEquipment2025-03-3105649769ns5:PlantMachinery2024-03-3105649769ns5:MotorVehicles2024-03-3105649769ns5:ComputerEquipment2024-03-3105649769ns5:CostValuation2024-03-3105649769ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3105649769ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105649769ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-03-3105649769ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3105649769ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-3105649769ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3105649769ns5:WithinOneYear2025-03-3105649769ns5:WithinOneYear2024-03-3105649769ns5:BetweenOneFiveYears2025-03-3105649769ns5:BetweenOneFiveYears2024-03-3105649769ns5:MoreThanFiveYears2025-03-3105649769ns5:MoreThanFiveYears2024-03-3105649769ns5:AllPeriods2025-03-3105649769ns5:AllPeriods2024-03-3105649769ns5:Secured2025-03-3105649769ns5:Secured2024-03-3105649769ns5:DeferredTaxation2024-03-3105649769ns5:DeferredTaxation2025-03-31
REGISTERED NUMBER: 05649769 (England and Wales)




















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Walkerpack Limited

Walkerpack Limited (Registered number: 05649769)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Strategic Report 2 to 3

Report of the Directors 4 to 5

Report of the Independent Auditors 6 to 9

Statement of Income and Retained Earnings 10

Balance Sheet 11

Notes to the Financial Statements 12 to 20


Walkerpack Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr R P Farey
Mr N R Holmes
Mr S C Tiley
Mrs M J Farey
Mrs C L Tiley





REGISTERED OFFICE: Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 05649769 (England and Wales)





AUDITORS: Clifford Roberts
Chartered Accountants &
Statutory Auditors
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Walkerpack Limited (Registered number: 05649769)

Strategic Report
for the year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS
The Company's principal activity continues to be that of packaging, warehousing, fulfilment and logistics throughout the UK for a variety of well known and respected customers. Turnover for the year under review was £15,893,933 compared to £11,487,509 for the previous year ended.

Operating profit for the year was £826,098 which the directors are pleased with. At the year end the company had shareholders funds of £826,433 including distributable reserves of £826,233. The directors therefore believe the company's position to be satisfactory and are optimistic for the future, especially given the post year end trading performance.

PRINCIPAL RISKS AND UNCERTAINTIES
The process of risk acceptance and risk management is addressed through a framework of policies, procedures, and internal controls. All policies are subject to Board approval and ongoing review by the directors and management. Compliance with regulation, legal and ethical standards is a high priority for the group.

The company has developed a framework for identifying the risks it faces, and the directors have assessed the main risks to the business as being its dependency on the performance of the UK economy. The company provides services to businesses primarily in based in the UK and is therefore dependent on the performance of the UK economy. The directors are confident of the continued growth and long-term stability of the business, particularly with the current service levels, strong customer relationships and highly specialised services.

FUTURE DEVELOPMENTS
Walkerpack are developing our existing customer base and have seen opportunities for growth and expansion. Recently we have purchased a small business that fits well with our manufacturing area. This has given us the opportunity to expand our working area and invest in new machinery as well as having contacts with new customers in new sectors. We are looking at new opportunities for buildings and space as we continue to grow.

RESEARCH AND DEVELOPMENT
Within our manufacturing department we are keen to develop the ways of working and with the best materials. We are looking at opportunities for innovative technology and developing material opportunities to ensure we remain competitive and remain as sustainable as possible in what we produce. IT and systems remain an important part of our business, and we are evolving our systems and support devices to ensure we are as efficient as possible as we give full support to our customers' needs.

ENERGY CONSERVATION
We have a strong environmental attitude that is endorsed by our BSI accreditation, we always look to achieve the highest level of reusing and recycling before waste. Investment into LED lighting throughout our buildings and our waste controls demonstrate our commitment to the environment.


Walkerpack Limited (Registered number: 05649769)

Strategic Report
for the year ended 31 March 2025

KEY PERFORMANCE INDICATORS
We have made significant progress throughout the year in relation to the key elements of our strategy, the board monitors the progress by reference to the following KPI's:

2025 2024

Increase/(decrease) in turnover 38.3% 15.3%

Gross profit percentage 34.6% 31.9%

Operating profit percentage 5.2% 5.1%

Liquidity ratio 1.13 1.16

All of the above ratios are defined in UK Generally Accepted Accounting Practice.

ON BEHALF OF THE BOARD:





Mr R P Farey - Director


31 July 2025

Walkerpack Limited (Registered number: 05649769)

Report of the Directors
for the year ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2025 will be £ 600,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr R P Farey
Mr N R Holmes
Mr S C Tiley

Other changes in directors holding office are as follows:

Mr L S L Moss - resigned 27 March 2025
Mr L R Clarke - resigned 27 March 2025
Mrs J Moss - resigned 27 March 2025
Mrs C A Clarke - resigned 27 March 2025

Mrs M J Farey and Mrs C L Tiley were appointed as directors after 31 March 2025 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT
The disclosures relating to events occurring after the year end, likely future developments and research and development activities are disclosed within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Walkerpack Limited (Registered number: 05649769)

Report of the Directors
for the year ended 31 March 2025


AUDITORS
The auditors, Clifford Roberts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R P Farey - Director


31 July 2025

Report of the Independent Auditors to the Members of
Walkerpack Limited

Opinion
We have audited the financial statements of Walkerpack Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Walkerpack Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Walkerpack Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory framework applicable to the company and
the sector in which they operate. We determined that the following laws and regulations were most
significant: the Companies Act 2006, UK Generally Accepted Accounting Practice and UK corporate
taxation laws.
- We obtained an understanding of how the company is complying with those legal and regulatory
frameworks by making inquiries to the management and by observing the oversight of management,
the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud
prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which
could persuade individuals not to commit fraud in the first instance . We corroborated our inquiries
through our review of all relevant available audit information.
- We assessed and understood the susceptibility of the company's financial statements to material
misstatement, including how fraud might occur. Based on this understanding we designed our audit
procedures to identify non-compliance with such laws and regulations. The audit procedures
performed by the engagement team included:
> Identifying and assessing the design and effectiveness of controls management has in place to
prevent and detect fraud;
> Understanding of how senior management considered and addressed the potential for override of
controls or other inappropriate influence over the financial reporting process;
> Challenging assumptions and judgements made by management in its significant accounting
estimates;
> Performing audit work over the risk of management override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for bias;
and,
> Assessing the extent of compliance with relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Walkerpack Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Billingham BA (Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts
Chartered Accountants &
Statutory Auditors
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

31 July 2025

Walkerpack Limited (Registered number: 05649769)

Statement of Income and
Retained Earnings
for the year ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 3 15,893,833 11,487,509

Cost of sales 10,387,058 7,828,298
GROSS PROFIT 5,506,775 3,659,211

Administrative expenses 4,910,614 3,227,331
596,161 431,880

Other operating income 229,937 150,608
OPERATING PROFIT 5 826,098 582,488

Interest receivable and similar income - 41
826,098 582,529

Interest payable and similar expenses 6 180,273 150,555
PROFIT BEFORE TAXATION 645,825 431,974

Tax on profit 7 154,574 85,348
PROFIT FOR THE FINANCIAL YEAR 491,251 346,626

Retained earnings at beginning of year 934,982 906,361

Dividends 8 (600,000 ) (318,005 )

RETAINED EARNINGS AT END OF
YEAR

826,233

934,982

Walkerpack Limited (Registered number: 05649769)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 120,000 -
Tangible assets 10 260,038 258,800
Investments 11 320 320
380,358 259,120

CURRENT ASSETS
Stocks 12 443,679 574,026
Debtors 13 5,710,685 5,243,717
Cash at bank and in hand 8,790 6,948
6,163,154 5,824,691
CREDITORS
Amounts falling due within one year 14 5,453,776 5,011,222
NET CURRENT ASSETS 709,378 813,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,736

1,072,589

CREDITORS
Amounts falling due after more than one
year

15

(198,294

)

(72,707

)

PROVISIONS FOR LIABILITIES 20 (65,009 ) (64,700 )
NET ASSETS 826,433 935,182

CAPITAL AND RESERVES
Called up share capital 21 200 200
Retained earnings 22 826,233 934,982
SHAREHOLDERS' FUNDS 826,433 935,182

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:




Mr R P Farey - Director



Mr S C Tiley - Director


Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Walkerpack Limited is a private company, limited by shares, incorporated and domiciled in England. The company's registered number and registered office address can be found on the Company Information Page.

The principal place of business is 34 Liliput Road, Brackmills Industrial Estate, Northampton, Northamptonshire, NN4 7DT. The company does operate from a number of different sites but this is deemed to be the principal place of business.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the year to the 31st March each year.

Going Concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements
The financial statements contain information about Walkerpack Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Walkerpack Group Limited, Pacioli House, 9 Brookfield, Duncan Close, Moulton Park, Northampton, NN3 6WL.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Revenue is recognised on completion of the service or sale of the product in question irrespective of whether a physical invoice has been raised to ensure the sale is matched against the cost incurred and included in the correct period.

Rents receivable
Rents receivable is measured at the fair value of consideration received or receivable, excluding discounts, rebates and value added tax. Rental income from property leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024 and is being amortised evenly over its estimated useful life of five years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost and 10% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

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 profit or loss in the period to which they relate.

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Interest bearing borrowings
Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025 2024
£    £   
United Kingdom 14,865,509 10,219,065
Rest of World 1,028,324 1,268,444
15,893,833 11,487,509

4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 8,025,706 6,131,400
Social security costs 575,817 390,547
Other pension costs 146,833 121,252
8,748,356 6,643,199

The average number of employees during the year was as follows:
2025 2024

Directors 4 5
Administration and supervision 29 27
Warehouse 149 144
182 176

2025 2024
£    £   
Directors' remuneration 617,746 357,082
Directors' pension contributions to money purchase schemes 20,617 17,547

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 7 7

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 291,035 109,833
Pension contributions to money purchase schemes 4,406 2,776

5. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Other operating leases 1,760,097 971,565
Depreciation - owned assets 86,680 85,754
Goodwill amortisation 30,000 -
Auditors' remuneration 27,000 26,500

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank interest & charges 180,273 150,555

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 154,265 63,999

Deferred tax 309 21,349
Tax on profit 154,574 85,348

UK corporation tax has been charged at 25% .

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 645,825 431,974
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2024 - 25%)

161,456

107,994

Effects of:
Expenses not deductible for tax purposes 9,437 7,690
Capital allowances in excess of depreciation - (22,263 )
Depreciation in excess of capital allowances 13,089 -
Group Relief (29,717 ) (29,422 )
Deferred Tax Movement 309 21,349
Total tax charge 154,574 85,348

8. DIVIDENDS
2025 2024
£    £   
Interim 600,000 318,005

9. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 150,000
At 31 March 2025 150,000
AMORTISATION
Amortisation for year 30,000
At 31 March 2025 30,000
NET BOOK VALUE
At 31 March 2025 120,000

The goodwill arose on the purchase of the trade and assets of another entity in April 2024 and is being amortised evenly over its estimated useful life of five years.

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

10. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 747,805 13,500 295,776 1,057,081
Additions 45,127 21,250 21,541 87,918
At 31 March 2025 792,932 34,750 317,317 1,144,999
DEPRECIATION
At 1 April 2024 592,394 13,500 192,387 798,281
Charge for year 45,001 1,062 40,617 86,680
At 31 March 2025 637,395 14,562 233,004 884,961
NET BOOK VALUE
At 31 March 2025 155,537 20,188 84,313 260,038
At 31 March 2024 155,411 - 103,389 258,800

11. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2024
and 31 March 2025 320
NET BOOK VALUE
At 31 March 2025 320
At 31 March 2024 320

12. STOCKS
2025 2024
£    £   
Stocks 443,679 574,026

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,505,075 3,784,726
Amounts owed by group undertakings 964,926 536,230
Other debtors 102,218 12,953
Prepayments and accrued income 1,138,466 909,808
5,710,685 5,243,717

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 16) 1,006,765 1,711,682
Trade creditors 2,573,988 2,033,602
Amounts owed to group undertakings 320 320
Tax 154,265 63,958
Social security and other taxes 172,471 114,490
Wages 71,399 57,700
VAT 387,287 364,091
Other creditors 83,184 32,000
Accruals and deferred income 1,004,097 633,379
5,453,776 5,011,222

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 16) 198,294 72,707

16. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 899,063 1,647,968
Bank loans 107,702 63,714
1,006,765 1,711,682

Amounts falling due between one and two years:
Bank loans - 1-2 years 40,903 72,707

Amounts falling due between two and five years:
Bank loans - 2-5 years 157,391 -

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 1,167,132 1,034,289
Between one and five years 2,891,558 3,246,491
In more than five years 598,734 1,197,468
4,657,424 5,478,248

The company has sublet a proportion of the property, annual rental income totalling £229,937 per annum, the total length of the lease is 9 years and 7 months with a break clause on the 3rd, 5th and 7th anniversaries of the lease date.

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

18. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 899,063 1,647,968
Bank loans 305,996 136,421
1,205,059 1,784,389

At the balance sheet date Lloyds Bank PLC held a debenture in relation to the companies banking facility by way of a fixed and floating charge. Lloyds Bank Commercial Finance Limited have a charge in relation to the invoice financing agreement by way of a fixed and floating charge.

19. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity and cash flow interest rate risks, These risks are limited by the company's financial management policies and practices described below.

Foreign currency risk
The company has very limited exposure to foreign currency risks as most of the company's sales and purchases are denominated in sterling. The company manages a Euro (€) account to help mitigate any risk it does experience.

Credit risk
The company has limited exposure to credit risks, good trading and a positive balance sheet means that credit is not difficult to come by. The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. The only significant non-derivative financial liabilities remaining at the reporting date are the overdraft on the bank account and factoring facility which the company uses for liquidity management.

Market risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets and acting accordingly.

The company holds no derivative financial instruments at the year end.

20. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 65,009 64,700

Deferred
tax
£   
Balance at 1 April 2024 64,700
Deferred tax movement 309
Balance at 31 March 2025 65,009

Walkerpack Limited (Registered number: 05649769)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal 2025 2024
Value: £ £

200 Ordinary Shares £1 200 200
200 200

Called Up Share Capital - represents the nominal value of shares that have been issued.

22. RESERVES
Retained
earnings
£   

At 1 April 2024 934,982
Profit for the year 491,251
Dividends (600,000 )
At 31 March 2025 826,233

Retained Earnings - includes all current and prior period retained profits and losses.

23. CAPITAL COMMITMENTS

There were no capital commitments at the balance sheet date of the 31st March 2025 or the 31st March 2024.

24. ULTIMATE CONTROLLING PARTY

Walkerpack Group Limited is the ultimate controlling party of Walkerpack Limited. Walkerpack Group Limited is a private company incorporated in England. The company's registered office address is Pacioli House 9 Brookfield, Duncan Close, Northampton, NN3 6WL.