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Company No: 06424998 (England and Wales)

FASTPAQ LTD

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

FASTPAQ LTD

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

FASTPAQ LTD

BALANCE SHEET

As at 30 April 2025
FASTPAQ LTD

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 528 281
Investments 4 265,059 0
265,587 281
Current assets
Stocks 5 120,000 16,800
Debtors 6 111,554 89,870
Cash at bank and in hand 97,164 227,275
328,718 333,945
Creditors: amounts falling due within one year 7 ( 119,983) ( 10,149)
Net current assets 208,735 323,796
Total assets less current liabilities 474,322 324,077
Net assets 474,322 324,077
Capital and reserves
Called-up share capital 100 100
Fair value reserve ( 15,564 ) 0
Profit and loss account 489,786 323,977
Total shareholder's funds 474,322 324,077

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fastpaq Ltd (registered number: 06424998) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

Mr A J Altoft
Director
FASTPAQ LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
FASTPAQ LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fastpaq Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 4 years straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 May 2024 5,329 381 5,501 11,211
Additions 0 0 424 424
At 30 April 2025 5,329 381 5,925 11,635
Accumulated depreciation
At 01 May 2024 5,283 299 5,348 10,930
Charge for the financial year 11 13 153 177
At 30 April 2025 5,294 312 5,501 11,107
Net book value
At 30 April 2025 35 69 424 528
At 30 April 2024 46 82 153 281

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 May 2024 0 0
Additions 345,575 345,575
Disposals ( 64,952) ( 64,952)
Movement in fair value ( 15,564) ( 15,564)
At 30 April 2025 265,059 265,059
Carrying value at 30 April 2025 265,059 265,059
Carrying value at 30 April 2024 0 0

5. Stocks

2025 2024
£ £
Stocks 120,000 16,800

6. Debtors

2025 2024
£ £
Trade debtors 103,666 83,185
Other debtors 7,888 6,685
111,554 89,870

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 11,632 7,279
Taxation and social security 7,630 0
Other creditors 100,721 2,870
119,983 10,149