Company No: 05248233 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	2,152,647		1,862,815
Investments	5	180		180
		2,152,827		1,862,995
Current assets
Stocks		50,000		50,000
Debtors	6	329,206		599,851
Cash at bank and in hand		213,350		95,156
		592,556		745,007
Creditors: amounts falling due within one year	7	( 411,133)		( 427,226)
Net current assets		181,423		317,781
Total assets less current liabilities		2,334,250		2,180,776
Creditors: amounts falling due after more than one year	8	( 175,200)		( 269,753)
Provision for liabilities		( 236,987)		( 213,852)
Net assets		1,922,063		1,697,171
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,921,963		1,697,071
Total shareholders' funds		1,922,063		1,697,171

For the financial year ending 31 August 2025 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 year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Prestige Packaging Limited (registered number: 05248233) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

Mr M Corran Director

1. Accounting policies

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

General information and basis of accounting

Prestige Packaging 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 Units 16 Langage South Business Park, Langage South Road, Plympton, PL7 5FL, 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 £.

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. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Goodwill

10 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, reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	3 years straight line
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Other property, plant and equipment	not depreciated

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		11

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 September 2024	34,000		34,000
At 31 August 2025	34,000		34,000
Accumulated amortisation
At 01 September 2024	34,000		34,000
At 31 August 2025	34,000		34,000
Net book value
At 31 August 2025	0		0
At 31 August 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 September 2024	1,371,174		149,868		113,106		48,772		1,165,082		2,848,002
Additions	306,694		88,654		0		4,098		245,532		644,978
Disposals	( 455,482)		( 55,000)		0		0		0		( 510,482)
At 31 August 2025	1,222,386		183,522		113,106		52,870		1,410,614		2,982,498
Accumulated depreciation
At 01 September 2024	758,177		94,017		93,380		39,613		0		985,187
Charge for the financial year	210,121		8,824		4,945		2,289		0		226,179
Disposals	( 369,293)		( 12,222)		0		0		0		( 381,515)
At 31 August 2025	599,005		90,619		98,325		41,902		0		829,851
Net book value
At 31 August 2025	623,381		92,903		14,781		10,968		1,410,614		2,152,647
At 31 August 2024	612,997		55,851		19,726		9,159		1,165,082		1,862,815

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	180
At 31 August 2025	180
Carrying value at 31 August 2025	180
Carrying value at 31 August 2024	180

6. Debtors

	2025		2024
	£		£
Trade debtors	265,944		278,912
Other debtors	63,262		320,939
	329,206		599,851

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	11,343		10,559
Trade creditors	131,350		174,325
Taxation and social security	151,651		76,034
Obligations under finance leases and hire purchase contracts	83,333		83,333
Other creditors	33,456		82,975
	411,133		427,226

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	98,811		110,031
Obligations under finance leases and hire purchase contracts	76,389		159,722
	175,200		269,753

Natwest Bank PLC hold a fixed charge over leasehold land owned by the company, as well as a fixed and floating charge over all assets of the company.

There is a fixed charge over the assets to which the hire purchase liabilities relate.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
85 Ordinary shares of £ 1.00 each	85		85
15 Ordinary A shares of £ 1.00 each	15		15
	100		100

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Brought forward	(181,697)		(96,847)
Advances	(80,085)		(265,910)
Repayments	281,694		184,533
Interest	(6,277)		(3,473)
	0		0
Carried forward	13,635		(181,697)
	0		0

Interest at a rate of 2.25% was charged on this and the balance is payable on demand.