REGISTERED NUMBER: 06614299 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RIVER PACKAGING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B M Yaseen

REGISTERED OFFICE:

61-63 Windmill Road

Sunbury on Thames

Middlesex

TW16 7DT

REGISTERED NUMBER:

06614299 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Property, plant and equipment

4

1,141,813

1,012,170

Investments

5

25,616

25,616

1,167,429

1,037,786

CURRENT ASSETS

Inventories

457,090

372,800

Debtors

6

1,328,281

1,039,387

Cash at bank and in hand

663,859

699,221

2,449,230

2,111,408

CREDITORS

Amounts falling due within one year

7

(1,100,688

)

(1,002,154

)

NET CURRENT ASSETS

1,348,542

1,109,254

TOTAL ASSETS LESS CURRENT LIABILITIES

2,515,971

2,147,040

CREDITORS

Amounts falling due after more than one year

8

(332,033

)

(241,531

)

PROVISIONS FOR LIABILITIES

(205,825

)

(176,784

)

NET ASSETS

1,978,113

1,728,725

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,968,113

1,718,725

1,978,113

1,728,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 November 2025 and were signed by:

B M Yaseen - Director

1.	STATUTORY INFORMATION

River Packaging 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.

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 fair value of the consideration received or receivable for the sale of goods, excluding value added tax. This is recognised when the significant risks and rewards of ownership for the goods has transferred to the customer, which is upon dispatch.

Tangible fixed assets

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant & machinery - at varying rates on cost

Improvements to property - over the lease term

Motor vehicles - 33.33% on cost

Computer equipment - 33.33% on cost

On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised in the profit and loss account.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to the stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion. Provision is made for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 20 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

58,561

2,624,244

78,473

9,277

2,770,555

Additions

-

361,381

-

1,746

363,127

Disposals

-

(110,464

)

-

-

(110,464

)

At 30 November 2024

58,561

2,875,161

78,473

11,023

3,023,218

DEPRECIATION

At 1 December 2023

25,102

1,692,157

37,913

3,213

1,758,385

Charge for year

13,541

206,152

10,816

2,975

233,484

Eliminated on disposal

-

(110,464

)

-

-

(110,464

)

At 30 November 2024

38,643

1,787,845

48,729

6,188

1,881,405

NET BOOK VALUE

At 30 November 2024

19,918

1,087,316

29,744

4,835

1,141,813

At 30 November 2023

33,459

932,087

40,560

6,064

1,012,170

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2023

670,695

54,080

724,775

Additions

341,424

-

341,424

Transfer to ownership

(141,865

)

-

(141,865

)

At 30 November 2024

870,254

54,080

924,334

DEPRECIATION

At 1 December 2023

205,724

13,520

219,244

Charge for year

82,881

10,816

93,697

Transfer to ownership

(70,710

)

-

(70,710

)

At 30 November 2024

217,895

24,336

242,231

NET BOOK VALUE

At 30 November 2024

652,359

29,744

682,103

At 30 November 2023

464,971

40,560

505,531

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2023

and 30 November 2024

25,616

NET BOOK VALUE

At 30 November 2024

25,616

At 30 November 2023

25,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

627,014

521,604

Other debtors

582,448

420,389

Directors' current accounts

1,506

10,777

Tax

18,171

18,171

Prepayments and accrued income

99,142

68,446

1,328,281

1,039,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

56,379

122,595

Hire purchase contracts (see note 10)

141,757

124,127

Trade creditors

479,766

401,440

Tax

47,483

109,029

Social security and other taxes

21,158

20,695

VAT

16,794

24,605

Other creditors

22,114

27,908

Accruals and deferred income

315,237

171,755

1,100,688

1,002,154

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

-

56,379

Hire purchase contracts (see note 10)

332,033

185,152

332,033

241,531

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

56,379

122,595

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

56,379

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

173,543

140,622

Between one and five years

373,177

200,398

546,720

341,020

Finance charges repayable:

Within one year

31,786

16,495

Between one and five years

41,144

15,246

72,930

31,741

Net obligations repayable:

Within one year

141,757

124,127

Between one and five years

332,033

185,152

473,790

309,279

Non-cancellable

operating leases

2024

2023

£

£

Within one year

199,800

108,050

Between one and five years

448,850

236,850

648,650

344,900

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

473,790

309,279

12.	FINANCIAL INSTRUMENTS

Financial instruments are classified by directors as basic or advanced following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method The company does not have any advanced financial instruments.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

B M Yaseen

Balance outstanding at start of year

10,777

10,361

Amounts advanced

1,261

416

Amounts repaid

(10,780

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,258

10,777

Interest is charged on this loan at 3% and the balance is repayable on demand.