REGISTERED NUMBER: 06025633 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Doorpac Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S W Jenkinson

Mr M J Jenkinson

SECRETARY:

Mrs S W Jenkinson

REGISTERED OFFICE:

Unit 6 Ranskill Court

Sheffield

South Yorkshire

S9 5FZ

REGISTERED NUMBER:

06025633 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Tangible assets

3

253,989

330,288

CURRENT ASSETS

Stocks

4

899,165

1,261,034

Debtors

5

684,835

1,142,596

Cash at bank and in hand

896,893

446,041

2,480,893

2,849,671

CREDITORS

Amounts falling due within one year

6

1,253,052

1,629,814

NET CURRENT ASSETS

1,227,841

1,219,857

TOTAL ASSETS LESS CURRENT LIABILITIES

1,481,830

1,550,145

CREDITORS

Amounts falling due after more than one year

7

(73,019

)

(153,523

)

PROVISIONS FOR LIABILITIES

(62,406

)

(80,689

)

NET ASSETS

1,346,405

1,315,933

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

30,000

30,000

Retained earnings

1,316,402

1,285,930

1,346,405

1,315,933

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 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 24 December 2025 and were signed on its behalf by:

Mr M J Jenkinson - Director

1.	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.

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

-

33% on cost, 20% on cost and 10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2024 - 93 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

1,199,322

142,188

1,341,510

Additions

13,832

6,815

20,647

At 31 March 2025

1,213,154

149,003

1,362,157

DEPRECIATION

At 1 April 2024

878,470

132,752

1,011,222

Charge for year

85,239

11,707

96,946

At 31 March 2025

963,709

144,459

1,108,168

NET BOOK VALUE

At 31 March 2025

249,445

4,544

253,989

At 31 March 2024

320,852

9,436

330,288

4.

STOCKS

2025

2024

£

£

Raw materials

502,283

581,049

Work-in-progress

76,714

163,282

Finished goods

320,168

516,703

899,165

1,261,034

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

636,536

1,121,449

Other debtors

48,299

21,147

684,835

1,142,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

78,186

78,196

Trade creditors

845,623

709,977

Taxation and social security

250,752

228,482

Other creditors

78,491

613,159

1,253,052

1,629,814

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

73,019

153,523

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

78,186

78,196

Between one and five years

73,019

153,523

151,205

231,719

Non-cancellable

operating leases

2025

2024

£

£

Within one year

193,257

179,751

Between one and five years

221,589

392,287

414,846

572,038

9.	SECURED DEBTS

Included within creditors due within one year are secured liabilities of £78,186 (2024: £78,196) in relation to hire purchase contracts which are secured against underlying assets. In addition, an amount relating to factored debts totalling £167,524 (2024: £466,889) is included within other creditors and is secured against all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery of the company.

10.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £46,734 (2024: £57,996). Contributions totalling £1,891 (2024: £10,455) were payable to the fund at the balance sheet date and are included in creditors.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025, the company had made an advance to a director in the amount of £29,278. This loan was unsecured, repayable on demand, and carried an interest rate of 2.25% per annum. The full balance was subsequently repaid to the company by 31 December 2025. No amounts were written off or waived during the period.