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Company No: 06740755 (England and Wales)

# PAC 2015 LIMITED

### Unaudited Financial Statements
For the financial period from 01 January 2025 to 28 February 2026
Pages for filing with the registrar

PAC 2015 LIMITED

## Unaudited Financial Statements

For the financial period from 01 January 2025 to 28 February 2026

Contents

PAC 2015 LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 28 February 2026
PAC 2015 LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2026

| Note | 28.02.2026 |  | 31.12.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 9,673 |  | 3,030
Tangible assets | 4 | 90,502 |  | 149,143
|  | 100,175 |  | 152,173
Current assets |  |  |  |
Stocks |  | 150,738 |  | 170,928
Debtors | 5 | 213,281 |  | 159,675
Cash at bank and in hand |  | 268,605 |  | 782,003
|  | 632,624 |  | 1,112,606
Creditors: amounts falling due within one year | 6 | ( 320,220) |  | ( 273,290)
Net current assets |  | 312,404 |  | 839,316
Total assets less current liabilities |  | 412,579 |  | 991,489
Provision for liabilities | 7 | ( 6,974) |  | ( 19,448)
Net assets |  | 405,605 |  | 972,041
Capital and reserves |  |  |  |
Called-up share capital | 8 | 672 |  | 672
Profit and loss account |  | 404,933 |  | 971,369
Total shareholders' funds |  | 405,605 |  | 972,041

For the financial period ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of PAC 2015 Limited (registered number: 06740755) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S G Johnstone Director |  | K J Orton Director

29 April 2026

PAC 2015 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2025 to 28 February 2026
PAC 2015 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2025 to 28 February 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

PAC 2015 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camp Green Kenton Road, Debenham, Stowmarket, IP14 6LA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Reporting period length

These financial statements cover the period from 1 January 2025 to 28 February 2026. The previous accounting period was a 12 month period from 1 January 2024 to 31 December 2024. As a result, the comparative accounts presented in the financial statements are not entirely comparable.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Income Statement in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 5 years straight line
Trademarks, patents and licences | 5 years straight line
Website costs | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | depreciated over the life of the lease
Plant and machinery | 4 - 5 years straight line
Vehicles | 5 years straight line
Fixtures and fittings | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| Period from 01.01.2025 to 28.02.2026 |  | Year ended 31.12.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 8 |  | 8

#### 3. Intangible assets

| Computer software |  | Trademarks, patents and licences |  | Website costs |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 3,030 |  | 14,995 |  | 0 |  | 18,025
Additions | 6,720 |  | 0 |  | 1,750 |  | 8,470
At 28 February 2026 | 9,750 |  | 14,995 |  | 1,750 |  | 26,495
Accumulated amortisation |  |  |  |  |  |  |
At 01 January 2025 | 0 |  | 14,995 |  | 0 |  | 14,995
Charge for the financial period | 1,827 |  | 0 |  | 0 |  | 1,827
At 28 February 2026 | 1,827 |  | 14,995 |  | 0 |  | 16,822
Net book value |  |  |  |  |  |  |
At 28 February 2026 | 7,923 |  | 0 |  | 1,750 |  | 9,673
At 31 December 2024 | 3,030 |  | 0 |  | 0 |  | 3,030

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 62,113 |  | 150,856 |  | 47,500 |  | 3,855 |  | 264,324
Additions | 0 |  | 5,104 |  | 0 |  | 0 |  | 5,104
Disposals | 0 |  | 0 |  | ( 47,500) |  | 0 |  | ( 47,500)
At 28 February 2026 | 62,113 |  | 155,960 |  | 0 |  | 3,855 |  | 221,928
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 6,189 |  | 77,479 |  | 29,292 |  | 2,221 |  | 115,181
Charge for the financial period | 7,249 |  | 37,791 |  | 9,500 |  | 497 |  | 55,037
Disposals | 0 |  | 0 |  | ( 38,792) |  | 0 |  | ( 38,792)
At 28 February 2026 | 13,438 |  | 115,270 |  | 0 |  | 2,718 |  | 131,426
Net book value |  |  |  |  |  |  |  |  |
At 28 February 2026 | 48,675 |  | 40,690 |  | 0 |  | 1,137 |  | 90,502
At 31 December 2024 | 55,924 |  | 73,377 |  | 18,208 |  | 1,634 |  | 149,143

#### 5. Debtors

| 28.02.2026 |  | 31.12.2024
| £ |  | £
Trade debtors | 154,821 |  | 71,617
Amounts owed by directors | 213 |  | 45,005
Prepayments | 33,122 |  | 17,238
Other debtors | 25,125 |  | 25,815
| 213,281 |  | 159,675

#### 6. Creditors: amounts falling due within one year

| 28.02.2026 |  | 31.12.2024
| £ |  | £
Trade creditors | 132,692 |  | 87,131
Accruals | 13,179 |  | 13,026
Taxation and social security | 173,113 |  | 173,133
Other creditors | 1,236 |  | 0
| 320,220 |  | 273,290

#### 7. Deferred tax

| 28.02.2026 |  | 31.12.2024
| £ |  | £
At the beginning of financial period/year | ( 19,448) |  | ( 14,443)
Credited/(charged) to the Income Statement | 12,474 |  | ( 5,005)
At the end of financial period/year | ( 6,974) |  | ( 19,448)

#### 8. Called-up share capital

| 28.02.2026 |  | 31.12.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,140 £0.10 Ordinary A shares of £ 0.10 each | 114.00 |  | 114.00
3,996 £0.10 Ordinary B shares of £ 0.10 each | 399.60 |  | 399.60
288 £0.10 Ordinary C shares of £ 0.10 each | 28.80 |  | 28.80
288 £0.10 Ordinary D shares of £ 0.10 each | 28.80 |  | 28.80
1,008 £0.10 Ordinary E shares of £ 0.10 each | 100.80 |  | 100.80
| 672.00 |  | 672.00

On 27 February 2026, the company underwent a management buyout (MBO) whereby the existing management team acquired the issued share capital of the company from the previous shareholders. The transaction resulted in a change in the ownership structure but did not affect the day‑to‑day operations of the business.