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REGISTERED NUMBER: 16199893 (England and Wales)















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: J D Balfe
T Brittain





REGISTERED OFFICE: Marston House, 5 Elmdon Lane
Marston Green
Solihull
B37 7DL





BUSINESS ADDRESS: Fable House
46 Holly Walk
Leamington Spa
CV32 4HY





REGISTERED NUMBER: 16199893 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
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 60,591
Tangible assets 5 70,403
130,994

CURRENT ASSETS
Stocks 1,551,436
Debtors 6 1,980,503
Cash at bank 10,280
3,542,219
CREDITORS
Amounts falling due within one year 7 3,135,891
NET CURRENT ASSETS 406,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,322

PROVISIONS FOR LIABILITIES 16,187
NET ASSETS 521,135

CAPITAL AND RESERVES
Called up share capital 100,000
Retained earnings 421,135
521,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 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.

QPAC LIMITED (REGISTERED NUMBER: 16199893)

BALANCE SHEET - continued
30 JUNE 2025


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 18 August 2025 and were signed on its behalf by:





J D Balfe - Director


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 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.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of ten 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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 14 .

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 62,680
At 30 June 2025 62,680
AMORTISATION
Charge for period 2,089
At 30 June 2025 2,089
NET BOOK VALUE
At 30 June 2025 60,591

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 1,205 61,132 12,089 74,426
At 30 June 2025 1,205 61,132 12,089 74,426
DEPRECIATION
Charge for period 60 3,047 916 4,023
At 30 June 2025 60 3,047 916 4,023
NET BOOK VALUE
At 30 June 2025 1,145 58,085 11,173 70,403

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,827,479
Amounts owed by group undertakings 135,275
Other debtors 17,749
1,980,503

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 1,380,717
Trade creditors 1,079,030
Amounts owed to group undertakings 62,680
Taxation and social security 532,103
Other creditors 81,361
3,135,891

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 51,169
Between one and five years 20,670
71,839

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Barclays sales financing 1,380,717