Transpack Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Transpack Limited For The Year Ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Transpack Limited which comprise 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 practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Transpack Limited , as a body, in accordance with the terms of our engagement dated 5 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Transpack Limited and state those matters that we have agreed to state to the directors of Transpack Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transpack Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Transpack Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Transpack Limited . You consider that Transpack 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 accounts of Transpack 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 financial statements.

20th April 2026

Ascendis Group

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2, The Colony Wilmslow

Altrincham Road

Wilmslow

SK9 4LY

Page 1

Page 2

Transpack Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 03392522

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,206		21,900

			2,206		21,900
CURRENT ASSETS
Stocks	5	238,623		240,628
Debtors	6	185,858		203,343
Cash at bank and in hand		607,312		560,439

		1,031,793		1,004,410
Creditors: Amounts Falling Due Within One Year	7	(413,512 )		(402,927 )

NET CURRENT ASSETS (LIABILITIES)			618,281		601,483

TOTAL ASSETS LESS CURRENT LIABILITIES			620,487		623,383

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(551 )		(5,475 )

NET ASSETS			619,936		617,908

CAPITAL AND RESERVES
Called up share capital	12		20,000		20,000
Profit and Loss Account			599,936		597,908

SHAREHOLDERS' FUNDS			619,936		617,908

Page 2

Page 3

Transpack Limited

Balance Sheet (continued)

As At 31 December 2025

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C R Schweitzer

Director

20th April 2026

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

Transpack Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Transpack Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03392522 . The registered office and trading address is Midpoint Park, Kingsbury Road, Minworth, Birmingham, B76 1AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery	10% Reducing balance method
Motor Vehicles	25% Reducing balance method
Fixtures & Fittings	25% Reducing balance method
Computer Equipment	33.33% Straight line method

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase costs, together with any incidental costs of aquisition.

2.4. Leasing and Hire Purchase Contracts

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

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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

2.6. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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 statement of financial position date.

Page 4

Page 5

Transpack Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	9,050	51,585	10,819	4,024	75,478
Disposals	-	(51,585 )	(1,916 )	(1,732 )	(55,233 )

As at 31 December 2025	9,050	-	8,903	2,292	20,245

Depreciation
As at 1 January 2025	7,404	36,133	8,538	1,503	53,578
Provided during the period	165	8,623	570	1,156	10,514
Disposals	-	(44,756 )	(680 )	(617 )	(46,053 )

As at 31 December 2025	7,569	-	8,428	2,042	18,039

Net Book Value
As at 31 December 2025	1,481	-	475	250	2,206

As at 1 January 2025	1,646	15,452	2,281	2,521	21,900

5. Stocks

	2025	2024
	£	£
Stock	238,623	240,628

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	55,257	5,850
Amounts owed by group undertakings	93,867	157,290
Other debtors	36,734	40,203

	185,858	203,343

Page 5

Page 6

Transpack Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	4,095
Trade creditors	245,686	238,283
Other creditors	3,614	6,118
Taxation and social security	164,212	154,431

	413,512	402,927

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	-		4,095

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	4,223
Later than one year and not later than five years	-	-

	-	4,223
Less: Finance charges allocated to future periods	-	128

	-	4,095

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	551	5,475

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	5,475	5,475
Utilised	(4,924 )	(4,924)

Balance at 31 December 2025	551	551

Page 6

Page 7

Transpack Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,000 Ordinary A shares of £ 1 each	10,000	10,000
10,000 Ordinary B shares of £ 1 each	10,000	10,000

	20,000	20,000

13. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. Ultimate Controlling Party

The company is a wholly owned subsidiary of Halyard Holdings Ltd.

Page 7