Manchester Paper Box (1964) Limited 30/09/2025 iXBRL

Company registration number: 00808843

Manchester Paper Box (1964) Limited

Financial statements

30 September 2025

Manchester Paper Box (1964) Limited

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Statement of cash flows

Notes to the financial statements

Manchester Paper Box (1964) Limited

Directors and other information


	Directors
		Mrs J P Slack
		Miss C C Slack


	Secretary	Mrs J P Slack


	Company number	00808843


	Registered office	Unit 2
		Bird Hall Lane
		Cheadle Heath
		Cheshire
		SK3 0SZ


	Business address	Unit 2
		Bird Hall Lane
		Cheadle Heath
		Cheshire
		SK3 0SZ


	Auditor	Downham Morris & Co
		45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX




	Bankers	Yorkshire Bank PLC
		48-50 Market Street
		Manchester
		M1 1PW

Manchester Paper Box (1964) Limited

Strategic report

Year ended 30 September 2025

Review of the business

The directors present their strategic report on the company for the year ended 30 September 2025.

Principal activities

The principal activity of the company continued to be that of the manufacturing of packaging products.

Results and performance

During the period, the company continued to perform satisfactorily in an increasingly competitive market with challenging economic conditions. The company maintained a gross profit margin in excess of 30% on turnover of £10,610,504 (30 September 2024:£10,500,067) and achieved an operating profit of £601,642 (30 September 2024:£742,406).

Given the challenges, the company has achieved an acceptable level of profitability, which the directors attribute to pricing, demand and operational efficiencies.

The company has again invested in production machinery to maximise future operational efficiencies and continues to focus on maintaining strong relationships with its core client base.

The directors are satisfied with the performance levels achieved in the 2025 financial period and despite challenging conditions look forward to continued profitability in 2026 and beyond.

Key Performance Indicators

We consider our key performance indicators to be measured by both turnover and operating profit as described above.

The directors do not believe that there are any non-financial key performance indicators that are relevant.

Principal risks and uncertainties

The risks facing the company are assessed on an ongoing basis by the directors. They evaluate the likelihood and potential impact of each risk and ensure appropriate action is taken to mitigate them.

The company's objective of financial risk management is to reduce the impact of price fluctuations and other factors of uncertainty in financial markets on earnings, cash flows and balance sheet, as well as to ensure sufficient liquidity and working capital exists.

The company monitors credit risk closely and considers that its current policies of credit checks meets its objectives of managing exposure to credit risk.

The company manages liquidity risk by having sufficient amounts of cash available and by having a balanced maturity profile of long-term debt.

Research and development

Research and development is concentrated on the improvement of its services and products in order to remain at the forefront of the industry.

Future developments

The company will continue to invest in the latest production machinery to improve operational performance and while market conditions are expected to remain challenging in the present economic climate, the directors remain confident that with an effective operating framework in place, the company can to continue profitability in 2026.

Going concern

The company continues to trade at levels achieved in previous periods and with other global factors that cause to adversely affect the UK economy, not least inflationary pressures as well as interest rate changes, rising energy and overhead costs.

The directors assessment of going concern is based on the latest financial and non-financial information and government guidance. Consideration has been given to any potential business disruptions and reductions in revenue that may occur from future economic uncertainty.

The directors consider that the company has substantial liquid reserves which may be utilised against further funding to remain solvent through further periods of turbulence and beyond.

Based upon the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

This report was approved by the board of directors on 18 June 2026 and signed on behalf of the board by:

Miss C C Slack

Director

Manchester Paper Box (1964) Limited

Directors report

Year ended 30 September 2025

The directors present their report and the financial statements of the company for the year ended 30 September 2025.

Incorporation

Manchester Paper Box (1964) Limited is a company incorporated in England and has its registered office and principal place of business at Unit 2 Bird Hall Lane, Cheadle Heath, Cheshire, SK3 0SZ.

Directors

The directors who served the company during the year were as follows:


Mrs J P Slack
Miss C C Slack

Dividends

Particulars of recommended dividends are detailed in note 11 to the financial statements.

Future developments

The company seeks to continue its commitment to improve operational efficiencies with continued investment in machinery and an effective operating framework, therefore, the directors remain confident for the year ahead.

Financial instruments

The risks facing the business are assessed on an ongoing basis by the directors. They evaluate the likelihood and potential impact of each risk, whether it be interest rate risk and ensure appropriate action is taken to mitigate them.

Events after the end of the reporting period

Particulars of events after the reporting period are detailed in note 26 to the financial statements.

Disclosure of information in the strategic report.

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's strategic report on page 2 information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 18 June 2026 and signed on behalf of the board by:

.........................

Miss C C Slack

Director

Manchester Paper Box (1964) Limited

Independent auditor's report to the members of

Manchester Paper Box (1964) Limited

Year ended 30 September 2025

Opinion

We have audited the financial statements of Manchester Paper Box (1964) Limited (the 'company') for the year ended 30 September 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding and accumulated knowledge of the company and the sector in which it operates, we considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud and whether such actions or non-compliance might have a material effect on the financial statements. These included but were not limited to those that relate to the form and content of the financial statements, such as the company accounting policies, the financial reporting framework and the UK Companies Act 2006. All team members were briefed to ensure they were aware of any relevant regulations in relation to their work.We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates as well as inappropriate revenue cut-off. Our audit procedures included, but were not limited to:o Agreement of the financial statement disclosures to underlying supporting documentation;o Identifying and testing journal entries, with a focus on journals indicating large or unusual transactions based on our understanding of the business;o Discussions with management, including consideration of known or suspected instances of non- compliance with laws and regulation and fraud; o Obtaining an understanding of the control environment in monitoring compliance with laws and regulations.Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditors responsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ian Gwynfor Morris FCCA (Senior Statutory Auditor)

For and on behalf of

Downham Morris & Co

Statutory Auditor

45/49 Greek Street

Stockport

Cheshire

SK3 8AX

18 June 2026

Manchester Paper Box (1964) Limited

Statement of comprehensive income

Year ended 30 September 2025

		2025	2024
	Note	£	£


Turnover	4	10,610,504	10,500,067
Cost of sales		( 6,906,039)	( 6,500,613)
		_______	_______
Gross profit		3,704,465	3,999,454

Administrative expenses		( 3,102,823)	( 3,257,048)
		_______	_______
Operating profit	5	601,642	742,406

Other interest receivable and similar income	8	2,546	15,744
Interest payable and similar expenses	9	( 40,928)	( 77,511)
Profit before taxation		563,260	680,639

Tax on profit	10	( 85,762)	( 186,740)
		_______	_______
Profit for the financial year and total comprehensive income		477,498	493,899
		_______	_______

All the activities of the company are from continuing operations.

Manchester Paper Box (1964) Limited

Statement of financial position

30 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	12	5,649,913		4,125,219
		_______		_______
			5,649,913		4,125,219

Current assets
Stocks	13	126,191		119,891
Debtors	14	3,575,125		4,104,973
Cash at bank and in hand		1,387,517		1,237,872
		_______		_______
		5,088,833		5,462,736
Creditors: amounts falling due
within one year	15	( 2,351,217)		( 2,127,492)
		_______		_______
Net current assets			2,737,616		3,335,244
			_______		_______
Total assets less current liabilities			8,387,529		7,460,463

Creditors: amounts falling due
after more than one year	16		( 1,220,000)		( 660,000)

Provisions for liabilities	18		( 838,202)		( 698,634)

			_______		_______
Net assets			6,329,327		6,101,829
			_______		_______

Capital and reserves
Called up share capital	21		6,000		6,000
Other reserves, including the fair value reserve	22		46,886		48,858
Profit and loss account	22		6,276,441		6,046,971
			_______		_______
Shareholders funds			6,329,327		6,101,829
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

.........................

Miss C C Slack

Director

Company registration number: 00808843

Manchester Paper Box (1964) Limited

Statement of changes in equity

Year ended 30 September 2025

	Called up share capital	Other reserves, including the fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 October 2023	6,000	50,830	5,801,100	5,857,930

Profit for the year			493,899	493,899
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account		(1,972)	1,972	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 1,972)	495,871	493,899

Dividends paid and payable			( 250,000)	( 250,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 250,000)	( 250,000)

	_______	_______	_______	_______
At 30 September 2024 and 1 October 2024	6,000	48,858	6,046,971	6,101,829

Profit for the year			477,498	477,498
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account		(1,972)	1,972	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 1,972)	479,470	477,498

Dividends paid and payable			( 250,000)	( 250,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 250,000)	( 250,000)

	_______	_______	_______	_______
At 30 September 2025	6,000	46,886	6,276,441	6,329,327
	_______	_______	_______	_______

Manchester Paper Box (1964) Limited

Statement of cash flows

Year ended 30 September 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	477,498	493,899

Adjustments for:
Depreciation of tangible assets	495,533	527,020
Other interest receivable and similar income	( 2,546)	( 15,744)
Interest payable and similar expenses	40,928	77,511
Gain/(loss) on disposal of tangible assets	( 20,099)	96
Tax on profit	85,762	186,740
Accrued expenses/(income)	28,472	86

Changes in:
Stocks	( 6,300)	( 24,155)
Trade and other debtors	536,642	641,184
Trade and other creditors	284,012	( 83,946)
	_______	_______
Cash generated from operations	1,919,902	1,802,691

Interest paid	( 40,928)	( 77,511)
Interest received	2,546	15,744
Tax paid	( 204,790)	139,480
	_______	_______
Net cash from operating activities	1,676,730	1,880,404
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 2,138,128)	( 241,220)
Proceeds from sale of tangible assets	138,000	-
	_______	_______
Net cash used in investing activities	( 2,000,128)	( 241,220)
	_______	_______

Cash flows from financing activities
Proceeds from borrowings	( 37,257)	( 421,411)
Payment of finance lease liabilities	760,300	( 240,000)
Equity dividends paid	( 250,000)	( 250,000)
	_______	_______
Net cash from/(used in) financing activities	473,043	( 911,411)
	_______	_______

Net increase/(decrease) in cash and cash equivalents	149,645	727,773
Cash and cash equivalents at beginning of year	1,237,872	510,099
	_______	_______
Cash and cash equivalents at end of year	1,387,517	1,237,872
	_______	_______

Manchester Paper Box (1964) Limited

Notes to the financial statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, Bird Hall Lane, Cheadle Heath, Cheshire, SK3 0SZ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	Useful economic life of 50 years
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	10,610,504	10,500,067
	_______	_______

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
UK	10,413,486	10,297,725
Europe	197,018	202,342
	_______	_______
	10,610,504	10,500,067
	_______	_______

5. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	495,533	527,020
(Gain)/loss on disposal of tangible assets	( 20,099)	96
Impairment of trade debtors	(49,181)	87,555
Foreign exchange differences	1,034	753
Fees payable for the audit of the financial statements	10,815	10,500
	_______	_______

6. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Management	7	7
Production, sales and administration	49	49
	_______	_______
	56	56
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	1,913,098	1,832,320
Social security costs	216,357	190,241
Other pension costs	36,568	97,770
	_______	_______
	2,166,023	2,120,331
	_______	_______

7. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	207,753	209,927
Company contributions to pension schemes in respect of qualifying services	-	60,000
	_______	_______
	207,753	269,927
	_______	_______

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	Number	Number
Defined contribution plans	1	1
	_______	_______

Remuneration of the highest paid directors in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	207,753	209,927
Company contributions to pension plans in respect of qualifying services	-	60,000
	_______	_______
	207,753	269,927
	_______	_______

8. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	709	-
Other interest receivable and similar income	1,837	15,744
	_______	_______
	2,546	15,744
	_______	_______

9. Interest payable and similar expenses

		2025	2024
		£	£
Bank loans and overdrafts		-	34,174
Other loans made to the company:
	Finance leases and hire purchase contracts	40,928	40,928
Other interest payable and similar expenses		-	2,409
		_______	_______
		40,928	77,511
		_______	_______

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax income/expense	( 53,806)	249,694
Adjustments in respect of previous periods	-	( 1)
	_______	_______

Deferred tax:
Origination and reversal of timing differences	139,568	( 62,953)
	_______	_______
Tax on profit	85,762	186,740
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	563,260	680,639
	_______	_______

Profit multiplied by rate of tax	140,815	170,160
Adjustments in respect of prior periods	-	( 1)
Effect of expenses not deductible for tax purposes	( 17,500)	9,017
Effect of capital allowances and depreciation	( 172,096)	70,517
Profit on sale of assets	( 5,025)	-
Deferred tax	139,568	(62,953)
	_______	_______
Tax on profit	85,762	186,740
	_______	_______
The deferred tax balance at 30 September 2025 has been calculated at a rate of 25%

11. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	250,000	250,000
	_______	_______

12. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 October 2024	1,647,047	7,211,098	112,919	314,522	9,285,586
Additions	-	2,075,598	-	62,530	2,138,128
Disposals	-	( 170,000)	( 16,557)	( 155,314)	( 341,871)
	_______	_______	_______	_______	_______
At 30 September 2025	1,647,047	9,116,696	96,362	221,738	11,081,843
	_______	_______	_______	_______	_______
Depreciation
At 1 October 2024	309,211	4,614,835	96,712	139,609	5,160,367
Charge for the year	32,232	412,099	3,268	47,934	495,533
Disposals	-	( 118,908)	( 8,796)	( 96,266)	( 223,970)
	_______	_______	_______	_______	_______
At 30 September 2025	341,443	4,908,026	91,184	91,277	5,431,930
	_______	_______	_______	_______	_______
Carrying amount
At 30 September 2025	1,305,604	4,208,670	5,178	130,461	5,649,913
	_______	_______	_______	_______	_______
At 30 September 2024	1,337,836	2,596,263	16,207	174,913	4,125,219
	_______	_______	_______	_______	_______

A fixed and floating charge exists over the company and all property and assets are pledged as security.

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Plant and machinery
		£
	At 30 September 2025	2,568,777
		_______
	At 30 September 2024	1,056,786
		_______

13. Stocks

	2025	2024
	£	£
Raw materials and consumables	61,026	16,069
Work in progress	-	28,982
Finished goods and goods for resale	65,165	74,840
	_______	_______
	126,191	119,891
	_______	_______

Cost of stocks recognised as an expense in the year was £5,444,898 (2024:£5,136,724).A fixed and floating charge exists over the company and all property and assets are pledged as security.

14. Debtors

	2025	2024
	£	£
Trade debtors	2,945,789	3,387,883
Prepayments and accrued income	63,492	59,380
Other debtors	565,844	657,710
	_______	_______
	3,575,125	4,104,973
	_______	_______

Provision for impairment of trade debtors as at the year end was £306,939 (2024:£372,995).

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,528,470	1,228,334
Accruals and deferred income	141,029	114,665
Corporation tax	-	249,694
Social security and other taxes	212,424	208,349
Obligations under finance leases	440,300	240,000
Director loan accounts	21,686	58,943
Other creditors	7,308	27,507
	_______	_______
	2,351,217	2,127,492
	_______	_______

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

	2025	2024
	£	£
Obligations under finance leases	1,220,000	660,000
	_______	_______

The bank facilities are secured by way of a fixed and floating charge over the property and assets of the company.

17. Obligations under finance leases

The company uses finance leases and hire purchase contracts to acquire plant and machinery and motor vehicles. Such finance lease and hire purchase liabilities are secured against the assets to which they relate.

18. Provisions

	Deferred tax (note 19)	Total
	£	£
At 1 October 2024	698,634	698,634
Additions	140,061	140,061
Charges against provisions	( 493)	( 493)
	_______	_______
At 30 September 2025	838,202	838,202
	_______	_______

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 18)	838,202	698,634
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	821,916	681,857
Fair value adjustment of financial assets	16,286	16,777
	_______	_______
	838,202	698,634
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 36,568 (2024: £ 97,770 ).

As at the year end there were outstanding pension contributions to be paid of £7,308 (2024:£21,426).

21. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	6,000	6,000	6,000	6,000
	_______	_______	_______	_______

22. Reserves

Profit and loss account:This reserve records retained earnings and accumulated losses.Non-distributable reserve:This reserve is used to record increases in the fair value of land and buildings and decreases to the extent that such a decrease relates to an increase on the same asset.

23. Fair value reserve

Included within other reserves is the fair value reserve as follows:

	2025	2024
	£	£
At start of year	48,858	50,830
Reclassification from fair value reserve to profit and loss account	( 1,972)	( 1,972)
	_______	_______
At end of year	46,886	48,858
	_______	_______

24. Analysis of changes in net debt

	At 1 October 2024	Cash flows	At 30 September 2025
	£	£	£
Cash and cash equivalents	1,237,872	149,645	1,387,517
Debt due within one year	(298,943)	(163,043)	(461,986)
Debt due after one year	(660,000)	(560,000)	(1,220,000)
	_______	_______	_______
	278,929	( 573,398)	( 294,469)
	_______	_______	_______

25. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	144,435	35,419
Later than 1 year and not later than 5 years	466,632	97,393
Later than 5 years	1,016	-
	_______	_______
	612,083	132,812
	_______	_______

The company uses operating leases to hire motor vehicles and equipment.

26. Events after the end of the reporting period

The company completed on the sale of plant and machinery after the year end date receiving proceeds of £303,000 (€349,000).

27. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs J P Slack	17,622	( 8,500)	9,122
	Miss C C Slack	( 58,943)	37,257	( 21,686)
		_______	_______	_______
		( 41,321)	28,757	( 12,564)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs J P Slack	( 2,935)	20,557	17,622
	Miss C C Slack	123,063	( 182,006)	( 58,943)
		_______	_______	_______
		120,128	( 161,449)	( 41,321)
		_______	_______	_______

Directors loans are interest free and are repayable on demand.

28. Related party transactions

Included in other debtors is an amount due from Mrs L Rippington, a family relation of the directors, of £256,203 (2024:£308,203).Amounts due were interest free and repayable on demand.During the year dividends were paid to the directors and close family members totalling £250,000 (2024:£250,000).

29. Controlling party

The company is controlled by Miss C C Slack , by virtue of her controlling interest.

30. Critical accounting policies

In the application of the Company's accounting policies, which are described in note 3, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies

The directors do not consider that the amounts recognised in the current or prior year financial statements have been significantly affected by any critical judgments made in the process of applying the Company's accounting policies.

Key sources of estimation uncertainty

Provision against bad and doubtful accounts receivable

Customer and other debtors are reviewed on a line by line basis at each financial period end. Provision against bad debts, which is netted against the debtors to which it relates, is made when notification is received from the administrators or information made available to the directors indicating impairment. Prior to this point, the risk of doubtful debts is mitigated through credit checks undertaken. As at the year end the directors have no material concerns over the recoverability of the Company's debtors

Provision against slow-moving, obsolete or irrecoverable stock

Stock is reviewed on an ongoing basis and a provision made where the directors are of the opinion that specific raw materials may be irrecoverable. As at the year end the directors have no material concerns over the recoverability of the Company's stock