REGISTERED NUMBER: 11189067 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

No-Brainer Containers Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I J Edwards

Mrs A E Edwards

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

11189067 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Barclays Bank Plc

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

155,766

170,376

CURRENT ASSETS

Debtors

5

925

2,369

Cash at bank

826

10,542

1,751

12,911

CREDITORS

Amounts falling due within one year

6

27,421

53,964

NET CURRENT LIABILITIES

(25,670

)

(41,053

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130,096

129,323

CREDITORS

Amounts falling due after more than one year

7

(21,667

)

(1,750

)

PROVISIONS FOR LIABILITIES

(16,318

)

(19,094

)

NET ASSETS

92,111

108,479

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

92,109

108,477

SHAREHOLDERS' FUNDS

92,111

108,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 15 April 2026 and were signed on its behalf by:

I J Edwards - Director

1.	STATUTORY INFORMATION

No-Brainer Containers Ltd 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.

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.

Freehold land

-

0%

Plant and machinery

-

25% on cost, Reducing balance over 25 years and Reducing balance over 10 years

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

Despite net current liabilities of £25,670 at 28 February 2026 (2025 - £41,053) the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

land

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 March 2025

and 28 February 2026

69,881

158,076

27,061

4,132

259,150

Depreciation

At 1 March 2025

-

60,388

25,493

2,893

88,774

Charge for year

-

12,572

799

1,239

14,610

At 28 February 2026

-

72,960

26,292

4,132

103,384

Net book value

At 28 February 2026

69,881

85,116

769

-

155,766

At 28 February 2025

69,881

97,688

1,568

1,239

170,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Trade debtors

916

864

Other debtors

9

1,505

925

2,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans and overdrafts

2,500

3,000

Taxation and social security

950

6,254

Other creditors

23,971

44,710

27,421

53,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans

21,667

1,750

8.	RELATED PARTY DISCLOSURES

At 28 February 2026, the company owed the directors I J Edwards and Mrs A E Edwards £11,707 (2025 - £32,370). The balance owed, included within other creditors, is made up of business expenses and loans not yet reimbursed. The loan balance is interest free and repayable to the directors on demand.

During the year the company paid the director I J Edwards £29,451 (2025 - £nil) for subcontracted services. These transactions were at arms length and all paid up by the year end date.