ACCOUNTS - Final Accounts preparation

Operating profit

The operating profit is stated after charging:

Registered number: 03546924

D A PAK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

D A PAK LIMITED

COMPANY INFORMATION

Directors	R A Brighton
	J A Brighton
	P A Teasdale


Registered number	03546924


Registered office	Mort House
	Crowcrofts Road, Newstead Industrial Estate
	Trentham
	Stoke-on-Trent
	Staffordshire
	ST4 8HX


Independent auditors	Shorts
	Chartered Accountants & Registered auditor
	2 Ashgate Road
	Chesterfield
	Derbyshire
	S40 4AA


Bankers	National Westminster Bank plc

D A PAK LIMITED

CONTENTS

	Page
Strategic Report	1 - 2
Directors' Report	3 - 4
Independent Auditors' Report	5 - 8
Statement of Income and Retained Earnings	9
Balance Sheet	10
Notes to the Financial Statements	11 - 21

D A PAK LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The directors present their strategic report for the year ended 31 March 2025.

Business review

The Company supplies innovative flexible bulk packaging and handling solutions, using products sourced from trusted partners in the UK, Europe, and Asia.
Our customers value our reputation for responsiveness and reliability in anticipating and meeting their changing requirements.
Our head-office and main distribution centre is situated in Stoke-on-Trent, UK. This location has extensive modern storage capacity with easy access to the UK’s motorway network. Together with our trusted logistics partners, we can provide additional on-demand storage facilities and fast-response distribution capabilities, to deliver the rapid customer response our customers have come to expect.

The war in Ukraine and piracy off the Horn of Africa continues to destabilise global supply chains, but unlike some of our competitors, because of our global spread of suppliers, we can mitigate some of the effects of this disruption for our customers and offer alternate solutions where compressed lead-times are required.
Despite these external challenges, the company traded strongly during the year under review with robust performances in tonnage, throughput, and profitability, in line with the company’s growth strategy.
Sales increased by 9% to £13.2M in the year under review with profit after tax of £1.09M.
The key management aims are to continue improving the quality and sustainability of earnings whilst maintaining strong cash generation.
The Directors are satisfied with the financial position of the Company.
Sustainability
The company complies with all relevant environmental policies the company is actively commited to sustainability and making a positive impact on educational, social, environmental, and economic outcomes within the communities we operate in.
The UK government implemented a plastic packaging tax in April 2022. The company in line with its manufacturing partners is implementing more sustainable products, where permissible supplying products containing a minimum of 30% recycled materials instead of virgin polymer.
The company has completed a baseline carbon footprint assessment for the business covering Scopes 1 & 2 and has also scoped the data needed to complete a full carbon footprint for the business.
The company is continuing to work with partners to successfully deliver its commitments to improving the ESG (Environmental, Sustainability, and Governance) culture within the business.

Page 1

D A PAK LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Principal risks and uncertainties

Pricing
The Company is exposed to fluctuations in market prices of raw materials. This position is monitored daily but using our global network of suppliers, we can mitigate some of this risk. However, although variations in feedstock prices affects all competitors, the company’s strength and liquidity shields it from the more extreme pressures.
Market
The flexible packaging industry within which the company operates is fragmented and highly competitive. The company promotes longevity of customer relationships by living by its core values and strengths, to ensure we maintain the highest standards for both the company and all its customers and other stakeholders.
Credit risk
The company vets all customers prior to conducting business. New customers are assessed against our criteria for improving the quality of our earnings. If they require a credit facility they must pass our credit-checks and adhere to our terms and conditions of sale. Trade debtor balances are continuously monitored to minimising exposure to credit risks.
Foreign currency risk
The company conducts limited trading in foreign currencies and doesn’t require the provision of accounts in foreign currencies.

Future Developments

Continued challenging trading conditions remain in 2025, namely due to the ongoing conflict in Ukraine and the high levels of inflation and interest rates in the UK. However, the company is confident that based on the policies and strategy being implemented, it will deliver continued improvement in 2025.

This report was approved by the board on 29 October 2025 and signed on its behalf.

R A Brighton

Director

Page 2

D A PAK LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,090,867 (2024 - £965,120).

Directors

The directors who served during the year were:

R A Brighton

J A Brighton

P A Teasdale

Qualifying third party indemnity provisions

The directors have been granted a qualifying third party indemnity provision under section 234 of the Companies Act 2006. This indemnity does not provide cover in the event of a director acting fraudulently or dishonestly.

Page 3

D A PAK LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Shorts, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 29 October 2025 and signed on its behalf.

R A Brighton

Director

Page 4

D A PAK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D A PAK LIMITED

Opinion

We have audited the financial statements of D A pak limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 March 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 5

D A PAK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D A PAK LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 6

D A PAK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D A PAK LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

∙the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

∙through discussions with the directors and other management and from our commercial knowledge and experience of the sector, we identified the laws and regulations applicable to the Company; and

∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

∙performed analytical procedures to identify any unusual or unexpected relationships;

∙considered journal entries to identify unusual transactions;

∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

∙investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

∙agreeing financial statement disclosures to underlying supporting documentation;

∙enquiring of management as to actual and potential litigation and claims; and

∙considered relationship with HMRC, relevant regulators and the Company’s legal advisors; and
review of legal and professional fees for evidence of litigation

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations

Page 7

D A PAK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D A PAK LIMITED (CONTINUED)

to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Howard Freeman (Senior Statutory Auditor)

for and on behalf of

Shorts

Chartered Accountants

Registered auditor

2 Ashgate Road

Chesterfield

Derbyshire

S40 4AA

29 October 2025

Page 8

D A PAK LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 MARCH 2025

	2025	2024
Note	£	£


Turnover	4	13,174,529	12,082,772
Cost of sales		(9,741,069)	(9,066,462)
Gross profit		3,433,460	3,016,310
Administrative expenses		(1,829,220)	(1,590,989)
Operating profit	5	1,604,240	1,425,321
Interest receivable and similar income	9	-	2,882
Interest payable and similar expenses	10	(113,794)	(103,582)
Profit before tax		1,490,446	1,324,621
Tax on profit	11	(399,579)	(359,501)
Profit after tax		1,090,867	965,120



Retained earnings at the beginning of the year	3,143,606	3,772,246
Profit for the year	1,090,867	965,120
Dividends declared and paid	(943,760)	(1,593,760)
Retained earnings at the end of the year	3,290,713	3,143,606

The notes on pages 11 to 21 form part of these financial statements.

Page 9

D A PAK LIMITED

REGISTERED NUMBER: 03546924

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	12		458,598		352,617
Current assets
Stocks	13	4,013,413		3,133,363
Debtors: amounts falling due within one year	14	3,661,601		3,633,679
Cash at bank and in hand		233,337		281,064
		7,908,351		7,048,106
Creditors: amounts falling due within one year	15	(5,075,708)		(4,256,589)
Net current assets			2,832,643		2,791,517
Total assets less current liabilities			3,291,241		3,144,134

Net assets			3,291,241		3,144,134

Capital and reserves
Called up share capital	17	528	528
Profit and loss account	18	3,290,713	3,143,606
		3,291,241	3,144,134

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2025.

R A Brighton

Director

The notes on pages 11 to 21 form part of these financial statements.

Page 10

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

D.A. Pak Limited is a private Company limited by shares, incorporated in England and Wales (registered number 03546924). Its registered office is Mort House, Crowcrofts Road, Newstead Industrial Estate, Trentham, Stoke-on-Trent, Staffordshire, ST4 8HX. The principal activity of the Company throughout the year continued to be that of the supply of packaging.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The Company's functional and presentational currency is pounds sterling

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 11

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The Depreciation rates used are:

Freehold property	-	2%	straight line
Plant and machinery	-	15%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	15%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 12

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measure, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measure, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements. The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the greatest level of uncertainty are addressed below:
(i) Stock provisioning
When calculating the stock provision, management considers the nature and condition of the inventory, as well as applying assumptions around anticipated saleability of stock. The carrying value of stock after making such a provision was £4,013,413 (2024: £3,113,363).
ii) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. The amount of trade and other debtors after making such provision was £2,234,384 (2024: £2,270,790).

Page 13

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Turnover

All turnover arose within the United Kingdom.

Depreciation of tangible fixed assets	120,801	60,412
Profit on disposal of tangible fixed asset	(10,074)	-
Other operating lease rentals	47,437	45,931
Operating lease rentals - Land and buildings	164,489	197,767
Defined contribution pension costs	182,058	184,526

Fees payable to the Company's auditors for the audit of the Company's financial statements

15,750

15,000

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Page 14

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Wages and salaries	662,253	562,565
Social security costs	66,527	62,514
Cost of defined contribution scheme	182,058	184,526
	910,838	809,605

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	19	17

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	14,965	19,484
Company contributions to defined contribution pension schemes	60,000	60,000
	74,965	79,484

During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

Other interest receivable

2,882

Page 15

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10.	Interest payable and similar expenses
		2025	2024
		£	£

Other interest payable

113,794

103,582

Corporation tax
Current tax on profits for the year	396,588	366,673
Adjustments in respect of previous periods	-	291
	396,588	366,964

Total current tax	396,588	366,964

Deferred tax
Origination and reversal of timing differences	2,155	(6,357)
Movement in provisions	836	(1,106)
Total deferred tax	2,991	(7,463)


	Tax on profit	399,579	359,501

Page 16

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11.Taxation (continued)

Profit on ordinary activities before tax

1,490,446

1,324,621

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	372,612	331,155
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	26,967	28,055
Adjustments to tax charge in respect of prior periods	-	291
Total tax charge for the year	399,579	359,501

Page 17

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	45,214	415,148	273,654	734,016
Additions	-	312,058	817	312,875
Disposals	-	(147,161)	-	(147,161)
At 31 March 2025	45,214	580,045	274,471	899,730
Depreciation
At 1 April 2024	35,714	160,876	184,809	381,399
Charge for the year on owned assets	1,425	105,941	13,435	120,801
Disposals	-	(61,068)	-	(61,068)
At 31 March 2025	37,139	205,749	198,244	441,132
Net book value
At 31 March 2025	8,075	374,296	76,227	458,598
At 31 March 2024	9,500	254,271	88,846	352,617

13.	Stocks
		2025	2024
		£	£

	Finished goods and goods for resale	4,013,413	3,133,363

Stock recognised in cost of sales during the year as an expense was £10,621,119 (2024: £8,500,163).

Page 18

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14.

Debtors

					2025	2024
					£	£


Trade debtors	2,234,384	2,270,790
Amounts owed by group undertakings	1,425,085	1,352,736
Prepayments and accrued income	-	5,030
Deferred taxation	2,132	5,123
	3,661,601	3,633,679

15.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	2,756,028	2,012,148
Corporation tax	206,588	206,790
Other taxation and social security	156,215	263,904
Other creditors	1,956,877	1,773,747
	5,075,708	4,256,589

16.	Deferred taxation

		2025
		£

	At beginning of year	(5,123)
	Charged to profit or loss	2,991
	At end of year	(2,132)

The deferred tax asset is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	25,993	23,838
Movement in provision	(28,125)	(28,961)
	(2,132)	(5,123)

Page 19

D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

250 (2024 - 250) Ordinary A shares of £1.00 each	250	250
125 (2024 - 125) Ordinary B shares of £1.00 each	125	125
125 (2024 - 125) Ordinary C shares of £1.00 each	125	125
28 (2024 - 28) Ordinary D shares of £1.00 each	28	28

	528	528

18.

Reserves

Profit and loss account

Profit and loss account represents all current and prior period retained profits and losses and is all considered to be distributable.

19.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted to £182,058 (2024: £184,526). Contributions totalling £NIL (2024: £4,284) were payable to the fund at the balance sheet date and are included in creditors.

Not later than 1 year	163,891	162,896
Later than 1 year and not later than 5 years	530,032	620,450
Later than 5 years	-	51,667
	693,923	835,013

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D A PAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21.	Controlling party

The immediate and ultimate parent undertaking is DA Pak Holdings Limited, a company registered in England and Wales. The ultimate controlling party is R A Brighton, who together with his wife, controls 100% of the issued share capital in the ultimate parent undertaking DA Pak Holdings Limited.

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