REGISTERED NUMBER: 08727841 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BELMONT PACKAGING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs K L Hulley

Mr P A Hulley

Registered office:

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

Registered number:

08727841 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

1,713,775

1,094,781

CURRENT ASSETS

Stocks

158,864

110,000

Debtors

5

1,374,957

1,235,843

Cash at bank and in hand

1,169,723

1,775,420

2,703,544

3,121,263

CREDITORS

Amounts falling due within one year

6

985,693

1,156,625

NET CURRENT ASSETS

1,717,851

1,964,638

TOTAL ASSETS LESS CURRENT LIABILITIES

3,431,626

3,059,419

CREDITORS

Amounts falling due after more than one year

7

(74,846

)

(164,908

)

PROVISIONS FOR LIABILITIES

9

(412,097

)

(253,882

)

NET ASSETS

2,944,683

2,640,629

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Retained earnings

2,844,683

2,540,629

SHAREHOLDERS' FUNDS

2,944,683

2,640,629

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:

Mrs K L Hulley - Director

1.	STATUTORY INFORMATION

Belmont Packaging Ltd 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

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 33 (2023 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,759,358

166,005

68,512

80,605

2,074,480

Additions

729,460

21,455

-

15,199

766,114

Disposals

-

(5,313

)

-

-

(5,313

)

At 31 December 2024

2,488,818

182,147

68,512

95,804

2,835,281

DEPRECIATION

At 1 January 2024

803,009

112,433

26,763

37,494

979,699

Charge for year

112,849

13,386

10,437

9,691

146,363

Eliminated on disposal

-

(4,556

)

-

-

(4,556

)

At 31 December 2024

915,858

121,263

37,200

47,185

1,121,506

NET BOOK VALUE

At 31 December 2024

1,572,960

60,884

31,312

48,619

1,713,775

At 31 December 2023

956,349

53,572

41,749

43,111

1,094,781

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

624,254

584,490

Other debtors

750,703

651,353

1,374,957

1,235,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

45,455

45,455

Hire purchase contracts

6,307

5,945

Trade creditors

558,151

594,762

Taxation and social security

157,189

292,289

Other creditors

218,591

218,174

985,693

1,156,625

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

44,127

90,909

Hire purchase contracts

30,719

37,389

Other creditors

-

36,610

74,846

164,908

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

89,582

136,364

Hire purchase contracts

37,026

43,334

126,608

179,698

There exists a fixed and floating charge over the undertaking and all property and assets present and future, in favour of Santander UK plc.

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

412,097

253,882

Deferred

tax

£

Balance at 1 January 2024

253,882

Provided during year

158,215

Balance at 31 December 2024

412,097

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

75,000

A Ordinary

1

75,000

75,000

25,000

B Ordinary

1

25,000

25,000

100,000

100,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is A Box & Beyond Ltd