BELLWOVEN PACKAGING LIMITED


Directors	BRABENDER, Hans John Oliver
	BRABENDER, Janette Suzanne
	DONEY, Steven Mark
	SIBLEY, Deborah Jane


Registered Address	Bell Woven House
	New Market Street
	Colne
	BB8 9DA


Registered Number	07733104 (England and Wales)

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds. Holiday Pay Accrual: A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of financial position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Statement of financial position date.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

Holiday Pay Accrual:
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of financial position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Statement of financial position date.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	5
Fixtures and fittings	-	5

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses.

	Finance leases and hire purchase contracts
	Operating leases: the Company as a lessor Rentals income from operating leases is credited to profit or loss on a straight line basis over the term of the relevant lease. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished. Operating leases: the Company as a lessee Rentals paid under operating leases are charged to profit or loss on a straight line basis over the term of the relevant lease. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern over which the lessee's benefit from the use of the leased asset. Leased assets: the Company as a lessee Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Finance leases and hire purchase contracts

Operating leases: the Company as a lessor
Rentals income from operating leases is credited to profit or loss on a straight line basis over the term of the relevant lease.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

Operating leases: the Company as a lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the term of the relevant lease.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern over which the lessee's benefit from the use of the leased asset.

Leased assets: the Company as a lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	17		17

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 September 24	415,009	415,009
At 31 August 25	415,009	415,009
Amortisation and impairment
At 01 September 24	415,009	415,009
At 31 August 25	415,009	415,009
Net book value
At 31 August 25	-	-
At 31 August 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 September 24	203,721	167,066	17,495	388,282
Additions	-	15,661	247,595	263,256
At 31 August 25	203,721	182,727	265,090	651,538
Depreciation and impairment
At 01 September 24	6,112	94,481	17,495	118,088
Charge for year	4,074	17,315	6,821	28,210
At 31 August 25	10,186	111,796	24,316	146,298
Net book value
At 31 August 25	193,535	70,931	240,774	505,240
At 31 August 24	197,609	72,585	-	270,194


	The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows: Plant and machinery £46,325 (2024 - £69,048) Motor vehicles £240,774 (2024 - £Nil)

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 September 24	2,801	2,801
At 31 August 25	2,801	2,801
Net book value
At 31 August 25	2,801	2,801
At 31 August 24	2,801	2,801

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	262,748	305,622
Other debtors	2,090	290
Prepayments and accrued income	6,296	4,997
Total	271,134	310,909


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	217,424	66,190
Bank borrowings and overdrafts	8,773	10,289
Taxation and social security	71,376	34,430
Finance lease and HP contracts	47,414	21,367
Other creditors	199,584	461,992
Accrued liabilities and deferred income	54,994	95,857
Total	599,565	690,125


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities disclosed under creditors falling due within one year are secured by the company:- Bank Loans £8,773 (2024 - £10,289) Obligations under finance lease and hire purchase contracts £47,414 (2024 - £21,367) Invoice financing creditor £193,709 (2024 - £100,744)

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

The following liabilities disclosed under creditors falling due within one year are secured by the company:-
Bank Loans £8,773 (2024 - £10,289)
Obligations under finance lease and hire purchase contracts £47,414 (2024 - £21,367)
Invoice financing creditor £193,709 (2024 - £100,744)

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	8,773
Other creditors	222,570	39,618
Total	222,570	48,391


	The following liabilities disclosed under creditors falling due after one year are secured by the company:- Bank Loans £Nil (2024 - £8,773) Obligations under finance lease and hire purchase contracts £222,570 (2024 - £39,618)

9.	Capital commitments
	At 31 August 2025 the company had contracted to purchase plant and machinery amounting to £9,600 (2024 - £Nil).

10.	Pension commitments
	The company operates a defined contribution 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 and amounted to £58,236 (2024 - £58,939). Contributions totalling £1,774 (2024 - £4,308) were payable to the fund at the reporting date and are included in creditors.

10.

Pension commitments

The company operates a defined contribution 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 and amounted to £58,236 (2024 - £58,939). Contributions totalling £1,774 (2024 - £4,308) were payable to the fund at the reporting date and are included in creditors.

11.	Operating lease commitments
	At 31 August 2025 the company had future minimum lease payments under non-cancellable operating leases of £22,400 (2024 - £Nil).

12.	Related party transactions
	During the year, consultancy fees of £65,151 (2024 - £32,100) were paid to H J O Brabender, a director and shareholder. During the year, consultancy fees of £65,151 (2024 - £34,300) were paid to S M Doney, a director and shareholder. Included in other creditors, falling due over one year, is an amount of £Nil (2024 - £350,000) due to an intercompany, Bellwoven Asia. The balance is interest free and payable on demand.

12.

Related party transactions

During the year, consultancy fees of £65,151 (2024 - £32,100) were paid to H J O Brabender, a director and shareholder.

During the year, consultancy fees of £65,151 (2024 - £34,300) were paid to S M Doney, a director and shareholder.

Included in other creditors, falling due over one year, is an amount of £Nil (2024 - £350,000) due to an intercompany, Bellwoven Asia. The balance is interest free and payable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		505,240		270,194
Investments	5		2,801		2,801
			508,041		272,995
Current assets
Stocks		305,740		228,458
Debtors	6	271,134		310,909
Cash at bank and on hand		74,396		45,236
		651,270		584,603
Creditors amounts falling due within one year	7	(599,565)		(690,125)
Net current assets (liabilities)			51,705		(105,522)
Total assets less current liabilities			559,746		167,473
Creditors amounts falling due after one year	8		(222,570)		(48,391)
Provisions for liabilities			(68,000)		(15,000)
Net assets			269,176		104,082
Capital and reserves
Called up share capital			6		6
Profit and loss account			269,170		104,076
Shareholders' funds			269,176		104,082