REGISTERED NUMBER: 00906051 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

CREATAPACK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Fletcher

S M Fletcher

SECRETARY:

Mrs M J Fletcher

REGISTERED OFFICE:

Unit 6, Apple Business Park

Robin Drive

Bridgwater

Somerset

TA7 4DL

REGISTERED NUMBER:

00906051 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

FIXED ASSETS

Intangible assets

4

44,000

66,000

Tangible assets

5

325,183

346,061

369,183

412,061

CURRENT ASSETS

Stocks

221,208

180,740

Debtors

6

212,963

217,604

Cash at bank and in hand

33,208

8,387

467,379

406,731

CREDITORS

Amounts falling due within one year

7

384,483

321,136

NET CURRENT ASSETS

82,896

85,595

TOTAL ASSETS LESS CURRENT LIABILITIES

452,079

497,656

CREDITORS

Amounts falling due after more than one year

8

(247,653

)

(308,546

)

PROVISIONS FOR LIABILITIES

11

(42,584

)

(46,501

)

NET ASSETS

161,842

142,609

CAPITAL AND RESERVES

Called up share capital

1,700

1,700

Retained earnings

160,142

140,909

SHAREHOLDERS' FUNDS

161,842

142,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 December 2025 and were signed on its behalf by:

S M Fletcher - Director

1.	STATUTORY INFORMATION

Creatapack 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance 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 balance sheet date.

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

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.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

205,000

AMORTISATION

At 1 May 2024

139,000

Amortisation for year

22,000

At 30 April 2025

161,000

NET BOOK VALUE

At 30 April 2025

44,000

At 30 April 2024

66,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

260,512

558,758

16,331

Additions

-

31,187

-

At 30 April 2025

260,512

589,945

16,331

DEPRECIATION

At 1 May 2024

100,456

438,304

14,790

Charge for year

5,210

26,125

1,541

At 30 April 2025

105,666

464,429

16,331

NET BOOK VALUE

At 30 April 2025

154,846

125,516

-

At 30 April 2024

160,056

120,454

1,541

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

89,935

12,703

938,239

Additions

-

1,779

32,966

At 30 April 2025

89,935

14,482

971,205

DEPRECIATION

At 1 May 2024

28,480

10,148

592,178

Charge for year

20,485

483

53,844

At 30 April 2025

48,965

10,631

646,022

NET BOOK VALUE

At 30 April 2025

40,970

3,851

325,183

At 30 April 2024

61,455

2,555

346,061

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

Plant and

machinery

£

COST

At 1 May 2024

58,736

Additions

28,592

At 30 April 2025

87,328

DEPRECIATION

At 1 May 2024

46,210

Charge for year

4,425

At 30 April 2025

50,635

NET BOOK VALUE

At 30 April 2025

36,693

At 30 April 2024

12,526

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

212,963

217,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 9)

81,900

81,900

Hire purchase contracts

32,223

22,400

Trade creditors

175,812

91,322

Corporation tax

20,185

671

Social security and other taxes

6,180

5,935

VAT

21,403

30,336

Directors' current accounts

43,200

65,000

Accrued expenses

3,580

23,572

384,483

321,136

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 9)

166,717

238,028

Hire purchase contracts

80,936

70,518

247,653

308,546

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

33,430

57,292

33,430

57,292

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank loans

81,900

81,900

Amounts falling due between two and five years:

Bank loans - 2-5 years

133,287

180,736

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

33,430

57,292

33,430

57,292

The company has a secured bank loan of £239,000, together with a Government-backed CBILs loan of £175,000. The CBILs loan is repayable over three years at an annual interest rate of 12.69%.

During 2023, the company took out an additional loan of £115,000. This loan is repayable over five years at an interest rate of 6%.

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loan

152,930

176,792

The bank loan is secured on the freehold property. The term of the loan is 10 years. Interest is charged at 2.5% over the bank's base rate.

11.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

42,584

46,501

Deferred

tax

£

Balance at 1 May 2024

46,501

Credit to Income Statement during year

(3,917

)

Balance at 30 April 2025

42,584

The deferred tax balance is in respect of accelerated capital allowances.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.