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REGISTERED NUMBER: 01598839 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Blair Packaging Limited

| Blair Packaging Limited (Registered number: 01598839) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Blair Packaging Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | B Cameron

| REGISTERED OFFICE: | 116 Duke Street

| Liverpool

| Merseyside

| L1 5JW

| REGISTERED NUMBER: | 01598839 (England and Wales)

| ACCOUNTANTS: | Cobham Murphy

| 116 Duke Street

| Liverpool

| Merseyside

| L1 5JW

| Blair Packaging Limited (Registered number: 01598839) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 43,417 |  | 57,291 |  |

CURRENT ASSETS

Stocks | 285,859 |  | 337,150 |  |

Debtors | 5 | 940,730 |  | 956,116 |  |

Cash at bank and in hand | 15,359 |  | 35,445 |  |

1,241,948 |  | 1,328,711 |  |

CREDITORS

Amounts falling due within one year | 6 | 950,955 |  | 973,753 |  |

NET CURRENT ASSETS | 290,993 |  | 354,958 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 334,410 |  | 412,249 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (226,596 | ) | (318,609 | ) |

PROVISIONS FOR LIABILITIES | (10,854 | ) | (11,745 | ) |

NET ASSETS | 96,960 |  | 81,895 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 86,960 |  | 71,895 |  |

96,960 |  | 81,895 |  |

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 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.

| Blair Packaging Limited (Registered number: 01598839) |

Balance Sheet - continued

31 March 2025

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 2 December 2025 and were signed by:

B Cameron - Director

| Blair Packaging Limited (Registered number: 01598839) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Blair 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.

| 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.

| Significant judgements and estimates

| There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

| Turnover

| Turnover is measured at the fair value of plastic packaging goods received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

| 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 etc | - | 25% on reducing balance and 15% 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.

| Financial instruments

| Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

| Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

| 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 balance sheet date.

| Blair Packaging Limited (Registered number: 01598839) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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 12 (2024 - 13 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 433,918 |  |

| Additions | 724 |  |

| Disposals | (5,000 | ) |

| At 31 March 2025 | 429,642 |  |

| DEPRECIATION

| At 1 April 2024 | 376,627 |  |

| Charge for year | 10,006 |  |

| Eliminated on disposal | (408 | ) |

| At 31 March 2025 | 386,225 |  |

| NET BOOK VALUE

| At 31 March 2025 | 43,417 |  |

| At 31 March 2024 | 57,291 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 478,248 |  | 471,025 |  |

| Other debtors | 462,482 |  | 485,091 |  |

940,730 |  | 956,116 |  |

| Blair Packaging Limited (Registered number: 01598839) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 89,588 |  | 80,664 |  |

| Hire purchase contracts | 6,727 |  | 6,728 |  |

| Trade creditors | 341,578 |  | 435,591 |  |

| Taxation and social security | 92,670 |  | 95,731 |  |

| Other creditors | 420,392 |  | 355,039 |  |

950,955 |  | 973,753 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 226,035 |  | 312,081 |  |

| Hire purchase contracts | 561 |  | 6,528 |  |

226,596 |  | 318,609 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 7,288 |  | 13,256 |  |

| Invoice factoring | 410,014 |  | 344,821 |  |

417,302 |  | 358,077 |  |

| Invoice factoring is secured by fixed and floating charges over all assets and property of the company. Hire purchase liabilities are secured on the asset to which they relate.

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The director, B Cameron, operates a current account to which transactions of a private nature are charged. As at the year ended 31st March 2025 there was a balance owed to the company amounting to £163,855 (2024 £182,808).

| The loan is repayable on demand.