Registration number: 04464724

Canley Food Packers Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Canley Food Packers Limited

(Registration number: 04464724)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,844,997	1,963,046
Investment property	6	120,975	120,975
		1,965,972	2,084,021
Current assets
Stocks	7	18,182	73,970
Debtors	8	44,781	36,457
Cash at bank and in hand		834,499	772,460
		897,462	882,887
Creditors: Amounts falling due within one year	9	(338,377)	(239,613)
Net current assets		559,085	643,274
Total assets less current liabilities		2,525,057	2,727,295
Creditors: Amounts falling due after more than one year	9	(2,500)	(13,333)
Provisions for liabilities		(246,321)	(283,608)
Net assets		2,276,236	2,430,354
Capital and reserves
Called up share capital		215	215
Other reserves		687,963	687,963
Retained earnings		1,588,058	1,742,176
Shareholders' funds		2,276,236	2,430,354

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

Canley Food Packers Limited

(Registration number: 04464724)
Balance Sheet as at 31 March 2025

......................................... I Johnson Director

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1 Wharf Road
Crowle
Scunthorpe
North Lincolnshire
DN17 4JW

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements cover the individual entity, Canley Food Packers Limited.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared in Pound Sterling and have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	15% reducing balance
Plant and equipment	15% reducing balance
Buildings	50 years straight line basis

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 20 (2024 - 20).

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	118,049	125,127

5	Tangible assets

	Land and buildings £	Plant and Machinery  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,600,000	3,567,180	19,995	5,187,175
At 31 March 2025	1,600,000	3,567,180	19,995	5,187,175
Depreciation
At 1 April 2024	-	3,204,135	19,994	3,224,129
Charge for the year	-	118,049	-	118,049
At 31 March 2025	-	3,322,184	19,994	3,342,178
Carrying amount
At 31 March 2025	1,600,000	244,996	1	1,844,997
At 31 March 2024	1,599,999	363,045	2	1,963,046

Included within the net book value of land and buildings above is £1,600,000 (2024 - £1,599,999) in respect of freehold land and buildings.
 

Revaluation

The fair value of the Company's Land an buildings was revalued on 31 March 2024 by an independent valuer. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £685,982 (2024 - £701,108).

6	Investment properties

	2025 £
At 1 April	120,975
At 31 March	120,975

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment properties were subject to valuation by I. Johnson (a director who is not a professionally qualified valuer). The basis of this valuation was a fair value basis in context of the location and class of investment properties being revalued.

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2025 £	2024 £
Other inventories	18,182	73,970

8

Debtors

Current	2025 £	2024 £
Trade debtors	21,661	3,904
Prepayments	22,938	29,757
Other debtors	182	2,796
	44,781	36,457

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	114,634	44,577
Trade creditors		98,678	120,215
Taxation and social security		26,366	8,308
Accruals and deferred income		20,418	26,970
Other creditors		78,281	39,543
		338,377	239,613

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	2,500	13,333

Canley Food Packers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,500	13,333

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Bank overdrafts	17,382	-
Other borrowings	87,252	34,577
	114,634	44,577

Bank borrowings

Included within bank borrowings is an amount of £12,500 (2024: £23,333) advanced by the company’s bankers in respect of the Coronavirus Business Interruption Loan. This loan is repayable in equal instalments over 60 months, which commenced August 2021, and interest is payable on the loan at a rate of 2.50% over base rate.