COUNTY PACKAGING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Scarborough

Mrs J P Scarborough

REGISTERED OFFICE:

Unit 18.3 Amber Business Centre

Greenhill Lane

Riddings

Alfreton

Derbyshire

DE55 4BR

REGISTERED NUMBER:

04170976 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

4

-

157

Tangible assets

5

53,902

67,945

53,902

68,102

CURRENT ASSETS

Stocks

122,125

103,024

Debtors

6

167,725

176,100

Cash at bank and in hand

200,387

193,427

490,237

472,551

CREDITORS

Amounts falling due within one year

7

123,692

139,761

NET CURRENT ASSETS

366,545

332,790

TOTAL ASSETS LESS CURRENT LIABILITIES

420,447

400,892

CREDITORS

Amounts falling due after more than one year

8

(2,648

)

(13,084

)

PROVISIONS FOR LIABILITIES

10

(7,000

)

(10,100

)

NET ASSETS

410,799

377,708

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

410,797

377,706

SHAREHOLDERS' FUNDS

410,799

377,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 1 October 2025 and were signed on its behalf by:

S D Scarborough - Director

1.	STATUTORY INFORMATION

County Packaging Services 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.

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.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 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 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

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2024

and 31 March 2025

3,145

AMORTISATION

At 1 April 2024

2,988

Amortisation for year

157

At 31 March 2025

3,145

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

157

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

41,188

1,682

108,002

150,872

Additions

2,722

-

-

2,722

Disposals

(2,086

)

-

-

(2,086

)

Reclassification/transfer

1,682

(1,682

)

-

-

At 31 March 2025

43,506

-

108,002

151,508

DEPRECIATION

At 1 April 2024

31,587

75

51,265

82,927

Charge for year

1,786

-

14,185

15,971

Eliminated on disposal

(1,292

)

-

-

(1,292

)

Reclassification/transfer

75

(75

)

-

-

At 31 March 2025

32,156

-

65,450

97,606

NET BOOK VALUE

At 31 March 2025

11,350

-

42,552

53,902

At 31 March 2024

9,601

1,607

56,737

67,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

158,570

164,899

Other debtors

9,155

11,201

167,725

176,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,435

10,184

Trade creditors

26,995

32,644

Taxation and social security

80,419

93,155

Other creditors

5,843

3,778

123,692

139,761

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,648

13,084

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

13,500

14,146

Between one and five years

58,500

3,375

72,000

17,521

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,000

10,100

Deferred

tax

£

Balance at 1 April 2024

10,100

Provided during year

(3,100

)

Balance at 31 March 2025

7,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loans opened the year being owed to the company £2,971 with advances provided during of the year of £92,449 and credits of £94,787 with the balance at closing being £633 owed to the company by the directors.