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Company Registration No. 12482844 (England and Wales)
FH PACKAGING LTD Unaudited accounts for the year ended 28 February 2025
FH PACKAGING LTD Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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FH PACKAGING LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Inventories
4
233,482
313,227
Debtors
5
36,893
84,597
Cash at bank and in hand
35,369
26,467
305,744
424,291
Creditors: amounts falling due within one year
6
(1,000,418)
(1,009,279)
Net current liabilities
(694,674)
(584,988)
Net liabilities
(694,674)
(584,988)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(694,774)
(585,088)
Shareholders' funds
(694,674)
(584,988)
For the year ending 28 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2025 and were signed on its behalf by
Gang Wu Director Company Registration No. 12482844
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FH PACKAGING LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
FH PACKAGING LTD is a private company, limited by shares, registered in England and Wales, registration number 12482844. The registered office is Units 3A & 3B Castle hill, Bredbury Parkway, Stockport, SK6 2SU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Going concern
The company is reliant upon the support of a shareholder, which has confirmed that it will continue to provide support for the foreseeable future to enable the company to meet its obligations as they fall due and will not request payment of amounts due until the company is in a position to do so. At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months. Thus the director has prepared the financial statements on a going concern basis.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Inventories
2025
2024
£
£
Finished goods
233,482
313,227
233,482
313,227
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FH PACKAGING LTD Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
438
18,922
Other debtors
36,455
65,675
36,893
84,597
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
864,333
876,325
Taxes and social security
46,165
59,244
Other creditors
89,920
73,710
1,000,418
1,009,279
7
Transactions with related parties
During the year, the company made purchases of £Nil (2024: £32,988) and payment of £Nil (2024: £31,538) from/ to Wolfgang Technology Co. Ltd, a shareholder of FH Packaging Ltd. At the year end, the company owed £540,277 (2024: £540,277) to Wolfgang Technology Co. Ltd. This amount is included within creditors due within one year, is interest free and repayable on demand. Director's transactions During the year, the director of the company, loaned £Nil (2024: £Nil) to the company and withdrew £16,400 (2024: £Nil). As at end of the period, the company owed £Nil (2024: £16,400) to the director. The loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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