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REGISTERED NUMBER: 04419905 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

DIRECT PACKAGING SOLUTIONS LTD

DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 149,995 190,760
Investments 5 70 70
Investment property 6 245,019 245,019
395,084 435,849

CURRENT ASSETS
Stocks 810,296 584,088
Debtors 7 1,940,310 1,523,853
Cash at bank 222,055 324,002
2,972,661 2,431,943
CREDITORS
Amounts falling due within one year 8 (2,564,464 ) (1,973,397 )
NET CURRENT ASSETS 408,197 458,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

803,281

894,395

CREDITORS
Amounts falling due after more than one
year

9

(191,165

)

(39,517

)

PROVISIONS FOR LIABILITIES (24,520 ) (33,319 )
NET ASSETS 587,596 821,559

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 577,596 811,559
SHAREHOLDERS' FUNDS 587,596 821,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





P B Ward - Director


DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Direct Packaging Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04419905

Registered office: Grove Works Battersea Road
Heaton Mersey Ind Est
Stockport
Cheshire
SK4 3EA

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced supply of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10 years with residual value of 20%
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Depreciation has not been provided on freehold property as required by the Financial Reporting Standard for Smaller Entities. The directors are of the opinion that the market value at the end of its economic useful life will not be materially different from its carrying value and that any depreciation charge would be immaterial.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and loss account, 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.


DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

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 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 49,211 124,806 22,221
Additions - - -
At 30 November 2024 49,211 124,806 22,221
DEPRECIATION
At 1 December 2023 2,460 102,823 21,109
Charge for year 4,921 5,500 372
At 30 November 2024 7,381 108,323 21,481
NET BOOK VALUE
At 30 November 2024 41,830 16,483 740
At 30 November 2023 46,751 21,983 1,112

DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 245,064 18,437 459,739
Additions - 830 830
At 30 November 2024 245,064 19,267 460,569
DEPRECIATION
At 1 December 2023 124,856 17,731 268,979
Charge for year 30,052 750 41,595
At 30 November 2024 154,908 18,481 310,574
NET BOOK VALUE
At 30 November 2024 90,156 786 149,995
At 30 November 2023 120,208 706 190,760

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 70
NET BOOK VALUE
At 30 November 2024 70
At 30 November 2023 70

Cost or valuation at 30 November 2024 is represented by:

Shares in
group
undertakings
£   
Cost 70

DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 245,019
NET BOOK VALUE
At 30 November 2024 245,019
At 30 November 2023 245,019

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,427,239 1,403,686
Amounts owed by group undertakings 22,688 5,688
Amounts owed by associates 363,714 35,600
Other debtors 126,669 78,879
1,940,310 1,523,853

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,342 -
Hire purchase contracts 17,914 34,799
Trade creditors 1,146,053 1,071,585
Taxation and social security 147,313 164,603
Other creditors 1,240,842 702,410
2,564,464 1,973,397

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 165,074 -
Hire purchase contracts 26,091 39,517
191,165 39,517

Amounts falling due in more than five years:

Repayable by instalments
Bank loan due after five years 115,706 -

DIRECT PACKAGING SOLUTIONS LTD (REGISTERED NUMBER: 04419905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 177,416 -
Hire purchase contracts 44,005 74,316
Discounting creditor 1,165,405 680,480
1,386,826 754,796

11. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 30 November 2024 of £677,368 (2023: £51,554).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
P B Ward
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid (891 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,109 -

D P Leach
Balance outstanding at start of year - -
Amounts advanced 40,000 -
Amounts repaid (3,915 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,085 -