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REGISTERED NUMBER: 03586037 (England and Wales)












Solupak Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Solupak Limited (Registered number: 03586037)






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


Solupak Limited

Company Information
for the Year Ended 31 December 2024







Directors: K Burgess
A Thompson
H McDonald
M McDonald





Secretary: T V Warr





Registered office: California Drive
Castleford
West Yorkshire
WF10 5QH





Registered number: 03586037 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Solupak Limited (Registered number: 03586037)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 46,181 32,531

Current assets
Stocks 698,948 728,834
Debtors 5 310,538 335,207
Cash at bank and in hand 132,663 141,232
1,142,149 1,205,273
Creditors
Amounts falling due within one year 6 1,132,942 1,206,307
Net current assets/(liabilities) 9,207 (1,034 )
Total assets less current liabilities 55,388 31,497

Creditors
Amounts falling due after more than one
year

7

12,500

22,500
Net assets 42,888 8,997

Capital and reserves
Called up share capital 100 100
Retained earnings 42,788 8,897
Shareholders' funds 42,888 8,997

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.

Solupak Limited (Registered number: 03586037)

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 1 August 2025 and were signed on its behalf by:





K Burgess - Director


Solupak Limited (Registered number: 03586037)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Solupak 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.

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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the business. Turnover is shown net of value added tax, of goods sold to external customers.

Turnover is recognised at the point of sale at which the goods are despatched.

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 etc - 25% on reducing balance, 20% on cost and 10% on cost

Tangible fixed assets are reviewed for impairments in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

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

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.

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.

3. Employees and directors

The average number of employees during the year was 22 (2023 - 18 ) .

Solupak Limited (Registered number: 03586037)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2024 246,078
Additions 31,510
At 31 December 2024 277,588
Depreciation
At 1 January 2024 213,547
Charge for year 17,860
At 31 December 2024 231,407
Net book value
At 31 December 2024 46,181
At 31 December 2023 32,531

5. Debtors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Trade debtors 262,042 269,496
Other debtors 48,496 65,711
310,538 335,207

6. Creditors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 241,209 255,300
Amounts owed to group undertakings 587,450 644,978
Taxation and social security 18,164 19,672
Other creditors 276,119 276,357
1,132,942 1,206,307

7. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£    £   
Bank loans 12,500 22,500

Solupak Limited (Registered number: 03586037)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. Secured debts

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other creditors 148,637 173,234

The bank overdraft and other creditors are secured by a fixed and floating charge on the assets of the company.

9. Contingent liabilities

The company has given an unlimited guarantee in respect of the bank borrowings of J1 Technologies and Core Additive Technologies Limited. There was no potential liability at 31 December 2023 and 2024.

The company has also given an unlimited guarantee in respect of other borrowings of Core Additive Technologies Limited. The maximum potential liability at 31 December 2024 was £398,563 (2023: £192,425).

It is the opinion of the directors that these guarantees are unlikely to be called upon in the foreseeable future.