REGISTERED NUMBER: 09431228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LUXPAK LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I Lyon

R Lyon

R Lyon

REGISTERED OFFICE:

Innovation House

Bakewell Road

Orton Southgate

Peterborough

Cambridgeshire

PE2 6XU

REGISTERED NUMBER:

09431228 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Intangible assets

4

16,667

66,667

Tangible assets

5

1,072,280

173,524

1,088,947

240,191

CURRENT ASSETS

Stocks

357,686

549,878

Debtors

6

1,141,916

666,044

Cash at bank and in hand

1,602,159

2,410,295

3,101,761

3,626,217

CREDITORS

Amounts falling due within one year

7

1,813,128

992,380

NET CURRENT ASSETS

1,288,633

2,633,837

TOTAL ASSETS LESS CURRENT LIABILITIES

2,377,580

2,874,028

PROVISIONS FOR LIABILITIES

23,324

34,384

NET ASSETS

2,354,256

2,839,644

CAPITAL AND RESERVES

Called up share capital

501

501

Retained earnings

2,353,755

2,839,143

SHAREHOLDERS' FUNDS

2,354,256

2,839,644

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 30 September 2025 and were signed on its behalf by:

I Lyon - Director

1.	STATUTORY INFORMATION

Luxpak 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

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

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

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

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 32 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

500,000

AMORTISATION

At 1 January 2024

433,333

Charge for year

50,000

At 31 December 2024

483,333

NET BOOK VALUE

At 31 December 2024

16,667

At 31 December 2023

66,667

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

300,077

266,754

566,831

Additions

914,198

51,432

965,630

At 31 December 2024

1,214,275

318,186

1,532,461

DEPRECIATION

At 1 January 2024

221,945

171,362

393,307

Charge for year

21,128

45,746

66,874

At 31 December 2024

243,073

217,108

460,181

NET BOOK VALUE

At 31 December 2024

971,202

101,078

1,072,280

At 31 December 2023

78,132

95,392

173,524

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

974,135

629,758

Other debtors

167,781

36,286

1,141,916

666,044

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

(50,457

)

(53,523

)

Trade creditors

672,426

430,230

Amounts owed to group undertakings

130,199

130,199

Taxation and social security

-

170,922

Other creditors

1,060,960

314,552

1,813,128

992,380

Amounts owed to group undertakings are unsecured, interest free and repayable on demand

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

68,966

16,975

Between one and five years

118,248

73,916

187,214

90,891

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a director was owed £180,101 (2023 - £23,613 ). This loan is unsecured, interest free and repayable on demand.

At the year end a director was owed £161,312 (2023 - £24,250 ). This loan is unsecured, interest free and repayable on demand.

At the year end a director was owed £159,231 (2023 - £30,181). This loan is unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is LuxPak Holdings Limited, a company incorporated in England and Wales, and holding 100% of the issued ordinary shares in the company from 20 December 2022. The registered office of LuxPak Holdings Limited is Innovation House Bakewell Road, Orton Southgate, Peterborough, PE2 6XU.