Ibis Packaging Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05867131

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		69,435		106,935
Tangible Assets	5		158,692		154,169

			228,127		261,104
CURRENT ASSETS
Stocks	6	836,941		834,270
Debtors	7	993,654		983,011
Cash at bank and in hand		18,613		214

		1,849,208		1,817,495
Creditors: Amounts Falling Due Within One Year	8	(867,333 )		(1,060,408 )

NET CURRENT ASSETS (LIABILITIES)			981,875		757,087

TOTAL ASSETS LESS CURRENT LIABILITIES			1,210,002		1,018,191

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		-		(21,583 )

NET ASSETS			1,210,002		996,608

CAPITAL AND RESERVES
Called up share capital	11		10,150		10,150
Profit and Loss Account			1,199,852		986,458

SHAREHOLDERS' FUNDS			1,210,002		996,608

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Ibis Packaging Solutions Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Atkins

Director

14/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Ibis Packaging Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05867131 . The registered office is Unit 10 Colthrop Business Park, Colthrop Lane, Thatcham, Berkshire, RG19 4NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years on a straight line basis.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis
Computer Equipment	25% reducing balance basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell . Goods in transit are accounted for in closing stocks, as ownership of goods are recognised.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Ibis Packaging Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 13

	2025	2024
Office and administration	3	3
Sales, marketing and distribution	5	6
Manufacturing	3	3

	11	12

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	769,847

As at 31 December 2025	769,847

Amortisation
As at 1 January 2025	662,912
Provided during the period	37,500

As at 31 December 2025	700,412

Net Book Value
As at 31 December 2025	69,435

As at 1 January 2025	106,935

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	172,769	121,685	11,159	305,613
Additions	57,121	-	2,028	59,149
Disposals	(11,703 )	-	-	(11,703 )

As at 31 December 2025	218,187	121,685	13,187	353,059

Depreciation
As at 1 January 2025	84,627	60,579	6,238	151,444
Provided during the period	30,929	15,276	1,427	47,632
Disposals	(4,709 )	-	-	(4,709 )

As at 31 December 2025	110,847	75,855	7,665	194,367

...CONTINUED

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Ibis Packaging Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	107,340	45,830	5,522	158,692

As at 1 January 2025	88,142	61,106	4,921	154,169

6. Stocks

	2025	2024
	£	£
Stock - Materials	836,941	834,032
Long term contracts	-	238

	836,941	834,270

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	962,549	953,576
Prepayments and accrued income	30,964	29,544
Other debtors	141	(109 )

	993,654	983,011

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,558
Trade creditors	399,006	325,168
Bank loans and overdrafts	-	1,094
Corporation tax	95,608	104,781
Other taxes and social security	20,111	20,684
VAT	132,310	102,890
HSBC Credit Card (Current liabilities - creditors < 1 year)	2,935	3,813
Pension (Current liabilities - creditors < 1 year)	2,067	6,119
Accruals and deferred income	70,047	73,644
Directors' loan accounts	6,667	4,417
Factoring Account (Current liabilities - creditors < 1 year)	138,582	412,240

	867,333	1,060,408

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,149
Less: Finance charges allocated to future periods	-	591

	-	5,558

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Ibis Packaging Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	-	21,583

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,150	10,150

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