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Company Registration No. 10773590 (England and Wales)
Pax-Bags Limited Unaudited accounts for the year ended 31 December 2025
Pax-Bags Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Pax-Bags Limited Company Information for the year ended 31 December 2025
Director
Roger Norris
Company Number
10773590 (England and Wales)
Registered Office
Merlin House No 1 Langstone Business Park Newport NP18 2HJ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pax-Bags Limited for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pax-Bags Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 10 March 2026
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Pax-Bags Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
59,834
18,551
Cash at bank and in hand
17,450
15,745
77,284
34,296
Creditors: amounts falling due within one year
5
(44,826)
(32,284)
Net current assets
32,458
2,012
Total assets less current liabilities
32,458
2,012
Creditors: amounts falling due after more than one year
6
(32,606)
-
Net (liabilities)/assets
(148)
2,012
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
(149)
2,011
Shareholders' funds
(148)
2,012
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2026 and were signed on its behalf by
Roger Norris Director Company Registration No. 10773590
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Pax-Bags Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Pax-Bags Limited is a private company, limited by shares, registered in England and Wales, registration number 10773590. The registered office is Merlin House, No 1 Langstone Business Park, Newport, NP18 2HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
56,651
15,686
Accrued income and prepayments
2,865
2,865
Other debtors
318
-
59,834
18,551
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Pax-Bags Limited Notes to the Accounts for the year ended 31 December 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
20,077
Trade creditors
4,430
1,737
Amounts owed to group undertakings and other participating interests
29,962
-
Taxes and social security
4,884
4,260
Accruals
5,550
6,210
44,826
32,284
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
32,606
-
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Controlling party
X-CEN-TEK GMBH & CO KG Westerbury Weg 30, Wardenburg 26203, Germany
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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