CEG Packaging Limited

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—9

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Accountant's Report

For The Year Ended 31 May 2025

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of CEG Packaging Limited for the year ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of CEG Packaging Limited for the year ended 31 May 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of CEG Packaging Limited , as a body, in accordance with the terms of our engagement letter dated 11 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of CEG Packaging Limited and state those matters that we have agreed to state to the directors of CEG Packaging Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CEG Packaging Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that CEG Packaging Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CEG Packaging Limited . You consider that CEG Packaging Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of CEG Packaging Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

3 November 2025

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings, 11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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CEG Packaging Limited

Balance Sheet

As At 31 May 2025

Balance Sheet

Registered number: 11359094

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,800		2,400
Tangible Assets	5		364,427		360,416

			366,227		362,816
CURRENT ASSETS
Stocks	6	240,000		160,000
Debtors	7	326,764		287,461
Cash at bank and in hand		8,236		10,651

		575,000		458,112
Creditors: Amounts Falling Due Within One Year	8	(625,199 )		(645,600 )

NET CURRENT ASSETS (LIABILITIES)			(50,199 )		(187,488 )

TOTAL ASSETS LESS CURRENT LIABILITIES			316,028		175,328

Creditors: Amounts Falling Due After More Than One Year	9		(160,985 )		(104,750 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(91,107 )		(115,104 )

NET ASSETS/(LIABILITIES)			63,936		(44,526 )

CAPITAL AND RESERVES
Called up share capital	11		2		2
Revaluation reserve	13		100,000		100,000
Profit and Loss Account			(36,066 )		(144,528 )

SHAREHOLDERS' FUNDS			63,936		(44,526)

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CEG Packaging Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C E Graham

Director

3 November 2025

The notes on pages 5 to 9 form part of these financial statements.

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CEG Packaging Limited

Notes to the Financial Statements

For The Year Ended 31 May 2025

Notes to the Financial Statements

1. General Information

CEG Packaging Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11359094 . The registered office is Unit 1 Garston Quays Blackburne Street, Garston, Liverpool, Merseyside, L19 8EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% Reducing Balance
Plant and machinery	15% Reducing Balance
Motor vehicles	25% Reducing Balance
Fixtures and fittings	15% Reducing Balance
Computer equipment	15% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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CEG Packaging Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.7. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.8. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 17)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	6,000

As at 31 May 2025	6,000

Amortisation
As at 1 June 2024	3,600
Provided during the period	600

As at 31 May 2025	4,200

Net Book Value
As at 31 May 2025	1,800

As at 1 June 2024	2,400

5. Tangible Assets

	Land & Property
	Freehold	Plant and machinery	Motor vehicles	Fixtures and fittings
	£	£	£	£
Cost
As at 1 June 2024	2,676	329,489	176,769	31,114
Additions	-	-	102,152	-
Disposals	-	-	(61,334 )	-

As at 31 May 2025	2,676	329,489	217,587	31,114

...CONTINUED

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CEG Packaging Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024	725	123,365	44,401	15,017
Provided during the period	195	30,919	22,823	2,414
Disposals	-	-	(20,125 )	-

As at 31 May 2025	920	154,284	47,099	17,431

Net Book Value
As at 31 May 2025	1,756	175,205	170,488	13,683

As at 1 June 2024	1,951	206,124	132,368	16,097


	Computer equipment	Total
	£	£
Cost
As at 1 June 2024	6,234	546,282
Additions	-	102,152
Disposals	-	(61,334 )

As at 31 May 2025	6,234	587,100

Depreciation
As at 1 June 2024	2,358	185,866
Provided during the period	581	56,932
Disposals	-	(20,125 )

As at 31 May 2025	2,939	222,673

Net Book Value
As at 31 May 2025	3,295	364,427

As at 1 June 2024	3,876	360,416

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant and machinery	-	39,888
Motor vehicles	153,581	132,261

	153,581	172,149

6. Stocks

	2025	2024
	£	£
Materials	160,000	160,000
Work in progress	80,000	-

	240,000	160,000

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CEG Packaging Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	296,764	287,461
Other debtors	30,000	-

	326,764	287,461

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,130	40,974
Trade creditors	196,948	256,293
Bank loans and overdrafts	303,486	277,295
Other creditors	5,074	4,839
Taxation and social security	96,561	66,199

	625,199	645,600

The Bounce Back Loan and CBIL are 100% secured by the government and no charge over the assets of the company.

A fixed and floating charge is held by Skipton Business Finance Limited over all current and future assets of the company dated 28 June 2018.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	125,679	94,686
Bank loans	35,306	10,064

	160,985	104,750

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,130	40,974
Later than one year and not later than five years	125,679	94,686

	148,809	135,660

	148,809	135,660

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

12. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

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CEG Packaging Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

13. Reserves

	Revaluation Reserve
	£
As at 1 June 2024	100,000

As at 31 May 2025	100,000

14. Related Party Transactions

The following related party transactions were undertaken during the year:

The directors withdrew monies totalling £55,279 (2024: £44,684) and introduced money totalling £55,340 (2024: £44,433). The balance payable to the directors at the year end was £96 (2024: £35).

Dividends were paid to the directors in respect of their shareholdings totalling £21,000 (2024: £49,000).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

15. Going Concern

The company is able to meet its day to day working capital requirements through the support of its director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

10.1 Illegal dividend

At the time the dividend was paid the director were not aware that there were insufficent profits available for distribution and the director acknowledged that no further distributions can be made until there are sufficient profits available for that purpose. The director anticipates future profits in the coming years.

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Directors	Mr C E Graham
	Mrs L M Graham

Company Number	11359094

Registered Office	Unit 1 Garston Quays Blackburne Street
	Garston
	Liverpool
	Merseyside
	L19 8EL

Accountants	ERC Accountants & Business Advisers Limited
	Chartered Accountants
	Hanover Buildings, 11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN