Silverfin false false 31/12/2024 01/01/2024 31/12/2024 M Byrne 13/12/2024 C M A Dean 13/02/2025 M J F Pawsey 01/02/2024 M H Kersh M G Sargent 13/02/2025 A L Sutton 01/02/2024 A Turner 01/02/2024 23 July 2025 The principal activity of the company is the operation of a trade association for the foodservice packaging industry. 05872228 2024-12-31 05872228 bus:Director1 2024-12-31 05872228 bus:Director2 2024-12-31 05872228 bus:Director3 2024-12-31 05872228 bus:Director5 2024-12-31 05872228 bus:Director6 2024-12-31 05872228 bus:Director7 2024-12-31 05872228 2023-12-31 05872228 core:CurrentFinancialInstruments 2024-12-31 05872228 core:CurrentFinancialInstruments 2023-12-31 05872228 core:RetainedEarningsAccumulatedLosses 2024-12-31 05872228 core:RetainedEarningsAccumulatedLosses 2023-12-31 05872228 core:OtherPropertyPlantEquipment 2023-12-31 05872228 core:OtherPropertyPlantEquipment 2024-12-31 05872228 2024-01-01 2024-12-31 05872228 bus:FilletedAccounts 2024-01-01 2024-12-31 05872228 bus:SmallEntities 2024-01-01 2024-12-31 05872228 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05872228 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 05872228 bus:Director1 2024-01-01 2024-12-31 05872228 bus:Director2 2024-01-01 2024-12-31 05872228 bus:Director3 2024-01-01 2024-12-31 05872228 bus:Director4 2024-01-01 2024-12-31 05872228 bus:Director5 2024-01-01 2024-12-31 05872228 bus:Director6 2024-01-01 2024-12-31 05872228 bus:Director7 2024-01-01 2024-12-31 05872228 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-01 2024-12-31 05872228 2023-01-01 2023-12-31 05872228 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 05872228 (England and Wales)

FOODSERVICE PACKAGING ASSOCIATION

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

FOODSERVICE PACKAGING ASSOCIATION

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FOODSERVICE PACKAGING ASSOCIATION

COMPANY INFORMATION

For the financial year ended 31 December 2024
FOODSERVICE PACKAGING ASSOCIATION

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors M Byrne (Resigned 13 December 2024)
C M A Dean (Appointed 13 February 2025)
M J F Pawsey (Resigned 01 February 2024)
M H Kersh
M G Sargent (Resigned 13 February 2025)
A L Sutton (Appointed 01 February 2024)
A Turner (Appointed 01 February 2024)
Registered office Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
United Kingdom
Company number 05872228 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
FOODSERVICE PACKAGING ASSOCIATION

BALANCE SHEET

As at 31 December 2024
FOODSERVICE PACKAGING ASSOCIATION

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,874 731
1,874 731
Current assets
Debtors 4 106,523 118,265
Cash at bank and in hand 414,446 363,266
520,969 481,531
Creditors: amounts falling due within one year 5 ( 256,137) ( 275,478)
Net current assets 264,832 206,053
Total assets less current liabilities 266,706 206,784
Net assets 266,706 206,784
Reserves
Profit and loss account 266,706 206,784
Total reserves 266,706 206,784

For the financial year ending 31 December 2024 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 Foodservice Packaging Association (registered number: 05872228) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

A Turner
Director
FOODSERVICE PACKAGING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FOODSERVICE PACKAGING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
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

Foodservice Packaging Association (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales with the company number 05872228. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, 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 company is limited by guarantee and operates as a not-for-profit mutual trading company. Accordingly, a Statement of Comprehensive Income has been prepared and references are made to a surplus or deficit rather than a profit or loss. The directors consider this presentation, which is a departure from the Companies Act 2006 prescribed format, more accurately reflects the substance of the company's reported transactions and arrangements.

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

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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets 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 etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to 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.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, excluding directors 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 6,396 6,396
Additions 1,626 1,626
At 31 December 2024 8,022 8,022
Accumulated depreciation
At 01 January 2024 5,665 5,665
Charge for the financial year 483 483
At 31 December 2024 6,148 6,148
Net book value
At 31 December 2024 1,874 1,874
At 31 December 2023 731 731

4. Debtors

2024 2023
£ £
Prepayments 24,164 9,031
Other debtors 82,359 109,234
106,523 118,265

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,793 14,945
Corporation tax 1,772 442
Other taxation and social security 8,744 31,773
Other creditors 239,828 228,318
256,137 275,478

6. Liability of members

The members of the Foodservice Packaging Association have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions payable by the company for the year was £946 (2023 : £811). Contributions payable to the fund at the year end included in other creditors is £265 (2023 : £270).

8. Related party transactions

During the year the company made the following related party transactions:

Martin Kersh Marketing
(Director of the company)
M H Kersh, a director of Foodservice Packaging Association, owns Martin Kersh Marketing, a consultancy business that provides secretarial and administrative services to the Association. During the year, the Association was charged £55,000 (2023 - £45,000) for secretarial and administrative services. At the balance sheet date the amount due to Martin Kersh Marketing was £108,082 (2023 - £53,082).

M J F Pawsey
(Director of the company - resigned 1 February 2024)
During the year, the Association was charged £Nil (2023 - £30,000) for Chair services by M J F Pawsey. At the balance sheet date the amount due to M J F Pawsey was £Nil (2023 - £5,000).

M G Sargent
(Director of the company)
During the year, the Association was charged £9,600 (2023 - £7,643) for Honorarium services and expenditure by M G Sargent. The Honorarium fees totalling £7,643 (2023 - £7,643) have been included within accountancy fees. At the balance sheet the amount due to M G Sargent was £Nil (2023 - £1,875).

A Turner
(Director of the Company)
During the year, the Association was charged £6,202 for Chair services and other expenses by A Turner. At the balance sheet date the amount due to A Turner was £1,372.

M Byrne
(Director of the company - resigned 13 December 2024)
During the year, the Association was charged £23,061 (2023 - £2,100) for Chair services by M Byrne. At the balance sheet date the amount due to M Byrne was £119 (2023 - £1,168).