Company registration number: 07444853
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Packaging Works Limited
Pages for filing with the Registrar
Company registration number: 07444853
Packaging Works Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 744 99
Investments 5 120,000 120,000
120,744 120,099
Current assets
Stocks 6,610 -
Debtors 6 168,182 178,583
174,792 178,583
Creditors: amounts falling due within one year
7 (306,512) (252,695)
Net current liabilities (131,720) (74,112)
Total assets less current liabilities (10,976) 45,987
Creditors: Amounts falling due after more than one year
8 (671) (11,116)
NET (LIABILITIES)/ASSETS (11,647) 34,871
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,747) 34,771
TOTAL EQUITY (11,647) 34,871
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07444853
Packaging Works Limited
Balance sheet - continued
as at 31 December 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr G Young, Director
10 June 2026
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Packaging Works Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Packaging Works Limited is a private company registered in England and Wales. Its registered number is 07444853. The company is limited by shares. Its registered office is 28 Elsdon Road, Gosforth, Newcastle Upon Tyne, NE3 1HY.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 33% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Packaging Works Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 1,913
Additions 749
At 31 December 2025 2,662
Depreciation
At 1 January 2025 1,814
Charge for year 104
At 31 December 2025 1,918
Net book value
At 31 December 2025 744
At 31 December 2024 99
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Packaging Works Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
5 Fixed asset investments
Investments other than loans
Other investments other than loans


£
Cost
At 1 January 2025 120,000
At 31 December 2025 120,000
Net book value
At 31 December 2025 120,000
At 31 December 2024 120,000
6 Debtors
2025 2024
£ £
Trade debtors 130,665 84,767
Directors' loan accounts 272 55,051
Other debtors 36,145 36,145
Prepayments and accrued income 1,100 2,620
168,182 178,583
7 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 14,195 30,246
Trade creditors 220,082 138,745
Taxation 65,275 78,535
VAT payable 4,003 1,974
Social security and other tax 627 142
Accruals and deferred income 2,330 3,053
306,512 252,695
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Packaging Works Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
8 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 671 11,116
9 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024.
2025 2024
£ £
Mr G D Young
Balance outstanding at start of year 55,051 86,163
Amounts advanced 107,378 97,928
Amounts repaid (162,157) (129,040)
Balance outstanding at end of year 272 55,051
Amounts owed by the director are interest free and repayable on demand.
10 Related party transactions
Dividends totalling £110,000 (2024 : £50,000) were paid in the year in respect of shares held by the company’s directors.
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