REGISTERED NUMBER: 02807374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HYLANDS PACKAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W G Rayson

J Rayson

REGISTERED OFFICE:

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

REGISTERED NUMBER:

02807374 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

FIXED ASSETS

Tangible assets

4

32,997

42,917

CURRENT ASSETS

Stocks

16,450

103,915

Debtors

5

375,635

365,378

Cash at bank and in hand

41,089

28,558

433,174

497,851

CREDITORS

Amounts falling due within one year

6

261,185

279,038

NET CURRENT ASSETS

171,989

218,813

TOTAL ASSETS LESS CURRENT LIABILITIES

204,986

261,730

CREDITORS

Amounts falling due after more than one year

7

(126,994

)

(190,874

)

PROVISIONS FOR LIABILITIES

10

(6,269

)

(8,155

)

NET ASSETS

71,723

62,701

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

70,723

61,701

SHAREHOLDERS' FUNDS

71,723

62,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 26 September 2025 and were signed on its behalf by:

W G Rayson - Director

1.	STATUTORY INFORMATION

Hylands Packaging 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

33,001

43,231

64,000

2,620

142,852

DEPRECIATION

At 1 January 2024

27,548

40,061

29,990

2,336

99,935

Charge for year

817

317

8,502

284

9,920

At 31 December 2024

28,365

40,378

38,492

2,620

109,855

NET BOOK VALUE

At 31 December 2024

4,636

2,853

25,508

-

32,997

At 31 December 2023

5,453

3,170

34,010

284

42,917

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

5,675

60,150

65,825

DEPRECIATION

At 1 January 2024

1,883

26,316

28,199

Charge for year

568

8,458

9,026

At 31 December 2024

2,451

34,774

37,225

NET BOOK VALUE

At 31 December 2024

3,224

25,376

28,600

At 31 December 2023

3,792

33,834

37,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

36,709

45,721

Amounts owed by group undertakings

260,438

260,438

Amounts owed by associates

75,754

57,813

Other debtors

800

-

Prepayments

1,934

1,406

375,635

365,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

11,272

10,994

Other loans

40,996

36,378

Hire purchase contracts (see note 8)

12,447

12,447

Trade creditors

172,220

194,425

Tax

11,614

1,930

Social security and other taxes

3,517

3,467

VAT

3,901

12,154

Other creditors

649

1,187

Business card

4

990

Accrued expenses

4,565

5,066

261,185

279,038

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

8,164

10,416

Bank loans - 2-5 years

-

8,185

Other loans - 1-2 years

46,200

40,996

Other loans - 2-5 years

56,690

102,890

Hire purchase contracts (see note 8)

15,940

28,387

126,994

190,874

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

12,447

12,447

Between one and five years

15,940

28,387

28,387

40,834

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

35,000

35,000

Between one and five years

8,750

43,750

43,750

78,750

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

28,387

40,834

The hire purchase contracts are secured against the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

6,269

8,155

Deferred

tax

£

Balance at 1 January 2024

8,155

Accelerated capital allowances

(1,886

)

Balance at 31 December 2024

6,269

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1 January 2024

61,701

Profit for the year

30,622

Dividends

(21,600

)

At 31 December 2024

70,723