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REGISTERED NUMBER: 09433834 (England and Wales)

| Aegean Trading Limited |

| T/A |

| Packaging source |

| Abridged Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Statement of Financial Position | 3 |

| Notes to the Financial Statements | 5 |

| Aegean Trading Limited |

| T/A Packaging source |

Company Information

for the year ended 31 March 2025

| DIRECTORS: | Mr O Akcal

| Mr M Cetin

| REGISTERED OFFICE: | 28 Optima Park

| Thames Road

| Crayford

| Kent

| DA1 4QX

| REGISTERED NUMBER: | 09433834 (England and Wales)

| ACCOUNTANTS: | Alton & Co

| Chartered Accountants

| 239-241 Kennington Lane

| London

| SE11 5QU

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Aegean Trading Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aegean Trading Limited for the year ended 31 March 2025 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aegean Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aegean Trading Limited and state those matters that we have agreed to state to the Board of Directors of Aegean Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aegean Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aegean Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aegean Trading Limited. You consider that Aegean Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aegean Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

22 January 2026

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 94,709 |  | 116,192 |  |

Investments | 5 | 14,930 |  | - |  |

109,639 |  | 116,192 |  |

CURRENT ASSETS

Inventories | 315,857 |  | 201,212 |  |

Debtors | 6 | 404,575 |  | 405,261 |  |

Cash at bank and in hand | 22,065 |  | 122,182 |  |

742,497 |  | 728,655 |  |

CREDITORS

Amounts falling due within one year | 7 | 501,833 |  | 371,186 |  |

NET CURRENT ASSETS | 240,664 |  | 357,469 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 350,303 |  | 473,661 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (81,783 | ) | (135,709 | ) |

PROVISIONS FOR LIABILITIES | 10 | (20,281 | ) | (25,532 | ) |

NET ASSETS | 248,239 |  | 312,420 |  |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Statement of Financial Position - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 12 | 248,139 |  | 312,320 |  |

SHAREHOLDERS' FUNDS | 248,239 |  | 312,420 |  |

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2026 and were signed on its behalf by:

Mr O Akcal - Director

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Aegean Trading 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

| Revenue 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.

| Short leasehold | - | straight line over 10 years

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 11 ) .

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 10,651 |  | 67,924 |  | 50,166 |  |

| Additions | - |  | - |  | 625 |  |

| At 31 March 2025 | 10,651 |  | 67,924 |  | 50,791 |  |

| DEPRECIATION

| At 1 April 2024 | 1,812 |  | 28,335 |  | 18,331 |  |

| Charge for year | 1,115 |  | 7,914 |  | 6,492 |  |

| At 31 March 2025 | 2,927 |  | 36,249 |  | 24,823 |  |

| NET BOOK VALUE

| At 31 March 2025 | 7,724 |  | 31,675 |  | 25,968 |  |

| At 31 March 2024 | 8,839 |  | 39,589 |  | 31,835 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 39,350 |  | 14,227 |  | 182,318 |  |

| Additions | - |  | 748 |  | 1,373 |  |

| At 31 March 2025 | 39,350 |  | 14,975 |  | 183,691 |  |

| DEPRECIATION

| At 1 April 2024 | 13,046 |  | 4,602 |  | 66,126 |  |

| Charge for year | 5,260 |  | 2,075 |  | 22,856 |  |

| At 31 March 2025 | 18,306 |  | 6,677 |  | 88,982 |  |

| NET BOOK VALUE

| At 31 March 2025 | 21,044 |  | 8,298 |  | 94,709 |  |

| At 31 March 2024 | 26,304 |  | 9,625 |  | 116,192 |  |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | PROPERTY, PLANT AND EQUIPMENT - continued

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 26,500 |  | 39,350 |  | 65,850 |  |

| Transfer to ownership | - |  | (21,000 | ) | (21,000 | ) |

| At 31 March 2025 | 26,500 |  | 18,350 |  | 44,850 |  |

| DEPRECIATION

| At 1 April 2024 | 10,247 |  | 13,046 |  | 23,293 |  |

| Charge for year | 3,250 |  | 2,813 |  | 6,063 |  |

| Transfer to ownership | - |  | (8,764 | ) | (8,764 | ) |

| At 31 March 2025 | 13,497 |  | 7,095 |  | 20,592 |  |

| NET BOOK VALUE

| At 31 March 2025 | 13,003 |  | 11,255 |  | 24,258 |  |

| At 31 March 2024 | 16,253 |  | 26,304 |  | 42,557 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 14,930 |  |

| At 31 March 2025 | 14,930 |  |

| NET BOOK VALUE

| At 31 March 2025 | 14,930 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 301,290 |  | 304,475 |  |

| Other debtors | 103,285 |  | 100,786 |  |

404,575 |  | 405,261 |  |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 51,957 |  | 58,651 |  |

| Hire purchase contracts (see note 9) | 8,757 |  | 16,940 |  |

| Trade creditors | 197,623 |  | 110,359 |  |

| Taxation and social security | 240,325 |  | 183,556 |  |

| Other creditors | 3,171 |  | 1,680 |  |

501,833 |  | 371,186 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 81,783 |  | 126,952 |  |

| Hire purchase contracts (see note 9) | - |  | 8,757 |  |

81,783 |  | 135,709 |  |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 9,633 |  | 18,892 |  |

| Between one and five years | - |  | 9,633 |  |

9,633 |  | 28,525 |  |

| Finance charges repayable:

| Within one year | 876 |  | 1,952 |  |

| Between one and five years | - |  | 876 |  |

876 |  | 2,828 |  |

| Net obligations repayable:

| Within one year | 8,757 |  | 16,940 |  |

| Between one and five years | - |  | 8,757 |  |

8,757 |  | 25,697 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 114,852 |  | 114,852 |  |

| Between one and five years | 459,408 |  | 459,408 |  |

| In more than five years | 344,556 |  | 459,408 |  |

918,816 |  | 1,033,668 |  |

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 20,281 |  | 25,532 |  |

| Aegean Trading Limited (Registered number: 09433834) |

| T/A Packaging source |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 25,532 |  |

| Credit to Statement of Income and Retained Earnings during year | (5,251 | ) |

| Balance at 31 March 2025 | 20,281 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 312,320 |  |

| Profit for the year | 85,819 |  |

| Dividends | (150,000 | ) |

| At 31 March 2025 | 248,139 |  |

13. | RELATED PARTY DISCLOSURES

| Included in other creditors are amounts owed to key management personnel at balance sheet date of £1,541(2024:£372). No interest is charged on this balance and it is repayable on demand.