Company registration number 03273663 (England and Wales)
ECLIPSE PACKAGING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ECLIPSE PACKAGING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ECLIPSE PACKAGING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
731,332
696,629
Investment property
4
623,668
623,668
1,355,000
1,320,297
Current assets
Stocks
27,147
83,385
Debtors
5
391,134
385,151
Cash at bank and in hand
213,443
405,164
631,724
873,700
Creditors: amounts falling due within one year
6
(427,411)
(393,794)
Net current assets
204,313
479,906
Total assets less current liabilities
1,559,313
1,800,203
Creditors: amounts falling due after more than one year
7
(46,735)
(39,235)
Provisions for liabilities
(20,020)
(4,584)
Net assets
1,492,558
1,756,384
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,492,458
1,756,284
Total equity
1,492,558
1,756,384
ECLIPSE PACKAGING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 September 2025 and are signed on its behalf by:
Mrs S Scott
Mr M J Lea
Director
Director
Company registration number 03273663 (England and Wales)
ECLIPSE PACKAGING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Eclipse Packaging Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Albion House, 2 Etruria Office Village, Forge Lane, Etruria, Stoke on Trent, Staffordshire, ST1 5RQ. The principal place of business is Greenhills, Leek Road, Longsdon, Stoke on Trent, Staffordshire, ST9 9QH.

1.1
Basis of preparation

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 h istorical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0%
Plant and equipment
10% on reducing balance
Fixtures and fittings
20% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Stocks

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

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ECLIPSE PACKAGING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ECLIPSE PACKAGING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
600,986
3,500
6,264
12,724
186,745
810,219
Additions
-
0
-
0
-
0
-
0
85,040
85,040
Disposals
-
0
-
0
-
0
-
0
(46,985)
(46,985)
At 31 December 2024
600,986
3,500
6,264
12,724
224,800
848,274
Depreciation and impairment
At 1 January 2024
-
0
2,913
5,618
12,165
92,894
113,590
Depreciation charged in the year
-
0
118
129
140
42,981
43,368
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(40,016)
(40,016)
At 31 December 2024
-
0
3,031
5,747
12,305
95,859
116,942
Carrying amount
At 31 December 2024
600,986
469
517
419
128,941
731,332
At 31 December 2023
600,986
587
646
559
93,851
696,629
4
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
623,668
ECLIPSE PACKAGING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
371,223
376,993
Other debtors
19,911
8,158
391,134
385,151
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
42,663
Trade creditors
286,649
210,855
Taxation and social security
80,455
107,159
Other creditors
50,307
33,117
427,411
393,794
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,818
21,519
Other creditors
34,917
17,716
46,735
39,235
8
Loans and overdrafts
2024
2023
£
£
Bank loans
21,818
64,182
Payable within one year
10,000
42,663
Payable after one year
11,818
21,519

The bank holds a debenture dated 19 May 2011, incorporating a fixed and floating charge over all current and future assets of the company.

National Westminster Bank PLC holds a charge dated 1 November 2014 over the property known as Thursfield Lodge Farm, High Street, Newchapel, Stoke-on-Trent, ST7 4JG.

ECLIPSE PACKAGING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
9
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
34,476
20,490
In two to five years
34,917
17,716
69,393
38,206

Hire purchase is secured on the assets to which it relates.

10
Related party transactions
Transactions with related parties

Secure Concepts Ltd requires to be treated as a related party due to the shareholding in this company held by Mr M J Lea. During the period, related party transactions occurred as follows:

Purchases
Purchases
2024
2023
£
£
Secure Concepts Limited
24,000
24,000
11
Parent company

The company is controlled by Mr M J Lea by virtue of his 80% shareholding in the company and his 100% shareholding in Secure Concepts Limited, the owner of 20% of the shares of Eclipse Packaging Limited.

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