Registration number: 02264841

CFN Packaging Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 10

CFN Packaging Group Limited

Company Information

 

Directors

B J Yardy J Alexander

 

Company secretary

J Alexander

 

Registered office

Heath Road Skegness Lincolnshire PE25 3ST

 

 

CFN Packaging Group Limited

(Registration number: 02264841)
Balance Sheet as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	32,875	8,875
Tangible assets	5	5,495,067	5,094,347
Investment property	6	198,008	198,008
		5,725,950	5,301,230
Current assets
Stocks	7	2,794,555	1,923,579
Debtors	8	2,215,617	1,859,230
Cash at bank and in hand		175,250	238,006
		5,185,422	4,020,815
Creditors: Amounts falling due within one year	9	(3,161,618)	(2,458,119)
Net current assets		2,023,804	1,562,696
Total assets less current liabilities		7,749,754	6,863,926
Creditors: Amounts falling due after more than one year	9	(3,381,129)	(3,700,941)
Net assets		4,368,625	3,162,985
Capital and reserves
Called up share capital		836,777	836,777
Capital redemption reserve		28,782	28,782
Other reserves		88,163	88,163
Retained earnings		3,414,903	2,209,263
Shareholders' funds		4,368,625	3,162,985

For the financial year ending 5 April 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 June 2026 and signed on its behalf by:
 

CFN Packaging Group Limited

(Registration number: 02264841)
Balance Sheet as at 5 April 2026

......................................... B J Yardy Director

......................................... J Alexander Company secretary and director

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

1	General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 02264841.

The address of its registered office is:
Heath Road
Skegness
Lincolnshire
PE25 3ST

These financial statements cover the individual entity, CFN Packaging Group 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 have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK 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 are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.

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 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.

There is no provision for deferred tax within the financial statements. This is because there is no expectation in the long term of disposing of a significant number of assets and causing a material reversal of accelerated capital allowances.

Tangible assets

Tangible assets are stated in the statement of financial position at cost/deemed 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.

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

Depreciation

Depreciation is charged on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil
Plant and machinery	5% on cost
Fixtures and fittings	20% reducing balance
Office equipment	25% on cost
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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
Computer software	33% on cost

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 initially 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. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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.

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 initially at the transaction price.

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the Company's shareholders is recognised as a liability in the finacial 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 (including directors) during the year, was 47 (2025 - 43).

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

4	Intangible assets

	Computer Software £	Total £
Cost or valuation
At 6 April 2025	8,875	8,875
Additions	24,000	24,000
At 5 April 2026	32,875	32,875
Amortisation
Carrying amount
At 5 April 2026	32,875	32,875
At 5 April 2025	8,875	8,875

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 6 April 2025	1,017,294	5,558,273	15,911	6,591,478
Additions	58,868	712,699	-	771,567
Disposals	-	(25,830)	-	(25,830)
At 5 April 2026	1,076,162	6,245,142	15,911	7,337,215
Depreciation
At 6 April 2025	-	1,482,392	14,739	1,497,131
Charge for the year	-	348,057	293	348,350
Eliminated on disposal	-	(3,333)	-	(3,333)
At 5 April 2026	-	1,827,116	15,032	1,842,148
Carrying amount
At 5 April 2026	1,076,162	4,418,026	879	5,495,067
At 5 April 2025	1,017,294	4,075,881	1,172	5,094,347

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

6	Investment properties

	2026 £
At 6 April	198,008
At 05 April 2026	198,008

The Directors consider the value stated to be representitive of market valuet and have therefore chosen not to engage with an independant valuation expert.

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2026 £	2025 £
Raw materials and consumables	1,162,011	688,490
Work in progress	159,005	201,924
Other inventories	1,473,539	1,033,165
	2,794,555	1,923,579

8

Debtors

Current	2026 £	2025 £
Trade debtors	2,167,173	1,818,955
Prepayments	4,255	-
Other debtors	44,189	40,275
	2,215,617	1,859,230

CFN Packaging Group Limited

Notes to the Financial Statements for the Year Ended 5 April 2026

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	511,759	525,135
Trade creditors		1,759,083	1,388,383
Taxation and social security		715,637	401,993
Accruals and deferred income		70,322	60,927
Other creditors		104,817	81,681
		3,161,618	2,458,119

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	1,975,103	2,016,290
Other financial liabilities		1,406,026	1,684,651
		3,381,129	3,700,941

 

	2026 £	2025 £
After more than five years by instalments	257,301	378,863
	257,301	378,863

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