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REGISTERED NUMBER: 11725765 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VPAC PACKAGING LEICESTER LIMITED

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VPAC PACKAGING LEICESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Miss N Ashfaq
Mr V Rayarel





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 11725765 (England and Wales)

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427,918 422,312

CURRENT ASSETS
Stocks 76,452 42,360
Debtors 5 256,510 262,888
Cash at bank 203,230 277,822
536,192 583,070
CREDITORS
Amounts falling due within one year 6 312,884 382,651
NET CURRENT ASSETS 223,308 200,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,226

622,731

CREDITORS
Amounts falling due after more than one
year

7

(176,444

)

(181,543

)

PROVISIONS FOR LIABILITIES 9 (115,276 ) (98,794 )
NET ASSETS 359,506 342,394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 359,406 342,294
359,506 342,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

BALANCE SHEET - continued
31 DECEMBER 2024


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 30 July 2025 and were signed on its behalf by:




Miss N Ashfaq - Director



Mr V Rayarel - Director


VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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


1. STATUTORY INFORMATION

Vpac Packaging Leicester 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.

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.

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
Revenue comprises the fair value for the provision of packaging services excluding value added taxes and represents net invoice value less estimated rebates and settlement discounts.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on provision of the products.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.


VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 10 ) .

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 400,883 88,548 196,634 15,836 701,901
Additions 49,983 722 180,495 2,810 234,010
Disposals - - (81,000 ) - (81,000 )
At 31 December 2024 450,866 89,270 296,129 18,646 854,911
DEPRECIATION
At 1 January 2024 179,642 38,808 48,842 12,297 279,589
Charge for year 86,789 16,949 74,033 1,696 179,467
Eliminated on disposal - - (32,063 ) - (32,063 )
At 31 December 2024 266,431 55,757 90,812 13,993 426,993
NET BOOK VALUE
At 31 December 2024 184,435 33,513 205,317 4,653 427,918
At 31 December 2023 221,241 49,740 147,792 3,539 422,312

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 11,000 194,634 205,634
Additions - 140,495 140,495
Disposals - (81,000 ) (81,000 )
At 31 December 2024 11,000 254,129 265,129
DEPRECIATION
At 1 January 2024 8,800 48,634 57,434
Charge for year 2,200 63,533 65,733
Eliminated on disposal - (32,063 ) (32,063 )
At 31 December 2024 11,000 80,104 91,104
NET BOOK VALUE
At 31 December 2024 - 174,025 174,025
At 31 December 2023 2,200 146,000 148,200

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,928 243,056
Other debtors 13,582 19,832
256,510 262,888

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,059 36,333
Hire purchase contracts 46,453 27,745
Trade creditors 68,108 157,795
Amounts owed to group undertakings 9,136 4,172
Taxation and social security 109,369 122,658
Other creditors 33,759 33,948
312,884 382,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,267 44,367
Hire purchase contracts 152,177 137,176
176,444 181,543

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 46,667 69,067
Hire purchase contracts 198,630 164,921
245,297 233,988

The hire purchase contracts are secured against the asset to which they relate.

The bank loan is secured by way of fixed and floating charge on all the property and undertakings of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 115,276 98,794

VPAC PACKAGING LEICESTER LIMITED (REGISTERED NUMBER: 11725765)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 98,794
Movement 16,482
Balance at 31 December 2024 115,276

10. RESERVES
Retained
earnings
£   

At 1 January 2024 342,294
Profit for the year 292,112
Dividends (275,000 )
At 31 December 2024 359,406

11. RELATED PARTY DISCLOSURES

The company paid dividends in the year of £275,000 (2023: £350,000) to its shareholder, Boss Holdings (Leicester) Ltd.

12. ULTIMATE CONTROLLING PARTY

The company's parent and ultimate controlling parent is Boss Holdings (Leicester) Ltd owning 100% of the shares in VPAC Packaging Leicester Limited. The registered address for Boss Holdings (Leicester) Ltd is Granville Hall, Granville Road, Leicester, LE1 7RU.