Andapak Supply Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00979011

Andapak Supply Co. Limited

Filleted Unaudited Financial Statements

31 March 2025

Andapak Supply Co. Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Andapak Supply Co. Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		792,223	571,037

Current assets

Stocks		731,596	725,400
Debtors	6	2,524,223	299,852
Cash at bank and in hand		169,357	1,679,125
		------------	------------
		3,425,176	2,704,377

Creditors: amounts falling due within one year	7	1,861,762		1,506,057
		------------		------------
Net current assets			1,563,414	1,198,320
			------------	------------
Total assets less current liabilities			2,355,637	1,769,357

Creditors: amounts falling due after more than one year	8		1,816	11,667

Provisions

Taxation including deferred tax	148,606	87,472
	------------	------------
Net assets	2,205,215	1,670,218
	------------	------------

Capital and reserves

Called up share capital	20	20
Profit and loss account	2,205,195	1,670,198
	------------	------------
Shareholders funds	2,205,215	1,670,218
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Andapak Supply Co. Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr M J P O Anderson

Director

Company registration number: 00979011

Andapak Supply Co. Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.

2. Statement of compliance

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'.

3. Accounting policies

Basis of preparation

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

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

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	14 years
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 4 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	426,606	1,583,487	8,841	123,540	2,142,474
Additions	–	276,497	–	124,250	400,747
Disposals	–	( 26,300)	–	( 46,250)	( 72,550)
	---------	------------	------	---------	------------
At 31 March 2025	426,606	1,833,684	8,841	201,540	2,470,671
	---------	------------	------	---------	------------
Depreciation
At 1 April 2024	361,196	1,130,707	6,117	73,417	1,571,437
Charge for the year	9,341	109,391	409	43,593	162,734
Disposals	–	( 23,120)	–	( 32,603)	( 55,723)
	---------	------------	------	---------	------------
At 31 March 2025	370,537	1,216,978	6,526	84,407	1,678,448
	---------	------------	------	---------	------------
Carrying amount
At 31 March 2025	56,069	616,706	2,315	117,133	792,223
	---------	------------	------	---------	------------
At 31 March 2024	65,410	452,780	2,724	50,123	571,037
	---------	------------	------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 March 2025	–
	----
At 31 March 2024	70,036
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,443,973	283,414
Other debtors	80,250	16,438
	------------	---------
	2,524,223	299,852
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	73,140	176,138
Social security and other taxes	1,477,873	753,869
Technical Event Co Limited loan account	–	275,951
Andapak Corrugated Sales Limited loan account	267,186	252,297
Other creditors	33,563	37,802
	------------	------------
	1,861,762	1,506,057
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,816	11,667
	------	--------

9. Related party transactions

At the year end the company have an outstanding debt of £ 267,186 due to Andapak Corrugated Sales Limited (2024 - £252,297), which is an associated company. At the year end the company have an outstanding debt of £nil due to Technical Event Co Limited (2024 - £275,951), which is an associated company. These loans are unsecured, interest free and have no fixed repayment terms.