REGISTERED NUMBER: 04529794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BETAPACK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Brown

M S Brown

REGISTERED OFFICE:

Edward House

Whitelea Grove Trading Estate

Mexborough

S64 9QP

REGISTERED NUMBER:

04529794 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

817,225

951,064

CURRENT ASSETS

Stocks

28,500

28,500

Debtors

5

250,602

248,804

Cash at bank and in hand

209,624

248,293

488,726

525,597

CREDITORS

Amounts falling due within one year

6

623,769

567,438

NET CURRENT LIABILITIES

(135,043

)

(41,841

)

TOTAL ASSETS LESS CURRENT LIABILITIES

682,182

909,223

CREDITORS

Amounts falling due after more than one year

7

(148,912

)

(343,889

)

PROVISIONS FOR LIABILITIES

(109,735

)

(109,735

)

NET ASSETS

423,535

455,599

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

423,435

455,499

SHAREHOLDERS' FUNDS

423,535

455,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 31 December 2025 and were signed on its behalf by:

V Brown - Director

1.	STATUTORY INFORMATION

Betapack 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Interest in land

-

15% straight line

Plant and machinery

-

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Interest

Plant and

in land

machinery

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

179,180

1,426,843

1,606,023

DEPRECIATION

At 1 January 2024

20,191

634,768

654,959

Charge for year

3,584

130,255

133,839

At 31 December 2024

23,775

765,023

788,798

NET BOOK VALUE

At 31 December 2024

155,405

661,820

817,225

At 31 December 2023

158,989

792,075

951,064

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

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

1,061,113

DEPRECIATION

At 1 January 2024

486,596

Charge for year

96,664

At 31 December 2024

583,260

NET BOOK VALUE

At 31 December 2024

477,853

At 31 December 2023

574,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

203,403

200,837

VAT

-

4,501

Prepayments

47,199

43,466

250,602

248,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

86,185

70,174

Hire purchase contracts

121,714

134,862

Trade creditors

354,979

327,184

Social security and other taxes

20,916

20,747

VAT

30,070

-

Directors' current accounts

356

83

Accrued expenses

9,549

14,388

623,769

567,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

37,018

105,696

Hire purchase contracts

111,894

238,193

148,912

343,889

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

26,612

70,174

Bank loans

96,591

105,696

Hire purchase contracts

233,608

373,055

356,811

548,925

The bank loan is a loan undertaken under the Coronavirus business interruption scheme. The loan is repayable under the terms of that scheme.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V Brown.