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Registration number: 04305550

Wares of Knutsford Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Wares of Knutsford Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Wares of Knutsford Ltd

Company Information

Directors | D Mann J Gaasch M A Schofield C Francois

Registered office | c/o Pattesons Glass Limited Blossom Avenue Hewitts Business Park Humberston N E Lincs United Kingdom DN36 4TQ

Wares of Knutsford Ltd

(Registration number: 04305550)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 4,290 | 5,955
Tangible assets | 5 | 18,285 | 16,231
|  | 22,575 | 22,186
Current assets |  |  |
Stocks | 6 | 370,962 | 369,083
Debtors | 7 | 378,634 | 121,780
Cash at bank and in hand |  | 49,143 | 43,566
|  | 798,739 | 534,429
Creditors: Amounts falling due within one year | 8 | (257,649) | (132,444)
Net current assets |  | 541,090 | 401,985
Total assets less current liabilities |  | 563,665 | 424,171
Provisions for liabilities |  | (5,155) | (4,890)
Net assets |  | 558,510 | 419,281
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Retained earnings |  | 558,508 | 419,279
Shareholders' funds |  | 558,510 | 419,281

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2026 and signed on its behalf by:

......................................... D Mann Director
......................................... M A Schofield Director

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 04305550.

The address of its registered office is:
c/o Pattesons Glass Limited
Blossom Avenue
Hewitts Business Park
Humberston
N E Lincs
DN36 4TQ
United Kingdom

These financial statements cover the individual entity, Wares of Knutsford Limited.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including Section 1A 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 May 2026 was Adam Millson ACA, who signed for and on behalf of Forrester Boyd Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixture and fittings | 20% straight line
Plant and machinery | 20% straight line
Office equipment | 33% straight line

Intangible assets

Website costs and stamp duty are shown at historical costs. They have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website costs | 10% straight line
Stamp duty | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company during the year, was 22 (2024 - 22).

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Stamp duty £ | Website costs £ | Total £
Cost or valuation
At 1 January 2025 | 6,397 | 26,281 | 32,678
At 31 December 2025 | 6,397 | 26,281 | 32,678
Amortisation
At 1 January 2025 | 4,929 | 21,793 | 26,722
Amortisation charge | 1,279 | 387 | 1,666
At 31 December 2025 | 6,208 | 22,180 | 28,388
Carrying amount
At 31 December 2025 | 189 | 4,101 | 4,290
At 31 December 2024 | 1,468 | 4,487 | 5,955

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 32,590 | 8,561 | 28,159 | 69,310
Additions | 7,375 | 1,044 | 2,265 | 10,684
At 31 December 2025 | 39,965 | 9,605 | 30,424 | 79,994
Depreciation
At 1 January 2025 | 26,015 | 4,249 | 22,816 | 53,080
Charge for the year | 2,919 | 1,333 | 4,377 | 8,629
At 31 December 2025 | 28,934 | 5,582 | 27,193 | 61,709
Carrying amount
At 31 December 2025 | 11,031 | 4,023 | 3,231 | 18,285
At 31 December 2024 | 6,575 | 4,312 | 5,344 | 16,231

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 370,962 | 369,083

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 133,490 | 67,493
Amounts owed by related parties | 10 | 197,838 | -
Prepayments and accrued income |  | 29,478 | 19,287
Other debtors |  | 17,828 | 35,000
|  | 378,634 | 121,780

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 142,253 | 27,977
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest | 10 | - | 23,871
Taxation and social security |  | 105,030 | 73,902
Accruals and deferred income |  | 5,995 | 5,734
Other creditors |  | 4,371 | 960
|  | 257,649 | 132,444

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £0.00 each | 1,133 | 1 | 1,133 | 1
Ordinary B shares of £0.00 each | 645 | 1 | 645 | 1
Ordinary C shares of £0.00 each | 111 | - | 111 | -
Ordinary D shares of £0.00 each | 111 | - | 111 | -
Ordinary E shares of £0.00 each | 111 | - | 111 | -
Ordinary F shares of £0.00 each | 111 | - | 111 | -
| 2,222 | 2 | 2,222 | 2

All above shares have a nominal value of 0.1p each.

10 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

The company has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

11 | Parent and ultimate parent undertaking

The Company's immediate parent is Pattesons Glass Ltd, incorporated in England.
The ultimate parent is Packaging Alliance Europe SA, incorporated in Luxembourg.
These financial statements are available upon request from Packaging Alliance Europe SA, 11 Rue des Trois Cantons, 8399 Windhof Steinfort, Luxembourg