| REGISTERED NUMBER: |
| QPAC LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| REGISTERED NUMBER: |
| QPAC LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| QPAC LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Marston House |
| 5 Elmdon Lane |
| Marston Green |
| Solihull |
| West Midlands |
| B37 7DL |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| BALANCE SHEET |
| 30 JUNE 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| BALANCE SHEET - continued |
| 30 JUNE 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| 1. | STATUTORY INFORMATION |
| Qpac Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| The company recognises turnover at the point of goods despatch in line with their invoicing procedures. It does not have any material amounts of deferred income recognised in its liabilities. |
| Goodwill |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stock is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
| Taxation |
| Taxation for the period 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 period 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 |
| 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. |
| Financial instruments |
| The partnership activities expose it to the financial risks of changes in foreign exchange rates. Forward currency contracts are used to manage this risk. Forward currency contracts are initially measured at fair value on the contract date (usually Zero value) and are subsequently remeasured to fair value at each reporting date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| Additions |
| At 30 June 2025 |
| AMORTISATION |
| Charge for period |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| Additions |
| At 30 June 2025 |
| DEPRECIATION |
| Charge for period |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| QPAC LIMITED (REGISTERED NUMBER: 16199893) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 22 JANUARY 2025 TO 30 JUNE 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| £ |
| Within one year |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Barclays sales financing | 1,380,717 |