Packnet Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04920552 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

PACKNET LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr P R Byrnes

Mrs N Byrnes

SECRETARY:

Mr P R Byrnes

REGISTERED OFFICE:

Suite S39

The Innovation Centre Keckwick Lane

Daresbury

Warrington

Cheshire

WA4 4FS

REGISTERED NUMBER:

04920552 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

NatWest Bank Plc

Manchester City Centre Branch

11 Spring Gardens

Manchester

Greater Manchester

M60 2DB

The directors present their report with the financial statements of the company for the year ended 31st October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of telecommunications services.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1st November 2024 to the date of this report.

The beneficial interests of the directors holding office at 31st October 2025 in the shares of the company, according to the register of directors' interests, were as follows:

31.10.25

1.11.24

Ordinary shares of £1 each

Mr P R Byrnes

640

Mrs N Byrnes

-

Ordinary "B" shares of £1 each

Mr P R Byrnes

80

Mrs N Byrnes

20

Ordinary "C" shares of £1 each

Mr P R Byrnes

100

Mrs N Byrnes

-

Ordinary "D" shares of £1 each

Mr P R Byrnes

100

Mrs N Byrnes

-

Ordinary "E" shares of £1 each

Mr P R Byrnes

100

Mrs N Byrnes

-

These directors did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P R Byrnes - Director

15th April 2026

FIXED ASSETS

Tangible assets

4

16,896

22,087

Investments

5

175,228

163,172

192,124

185,259

CURRENT ASSETS

Debtors

6

141,970

110,742

Cash at bank and in hand

500,346

514,040

642,316

624,782

CREDITORS

Amounts falling due within one year

7

83,476

85,273

NET CURRENT ASSETS

558,840

539,509

TOTAL ASSETS LESS CURRENT
LIABILITIES

750,964

724,768

CREDITORS

Amounts falling due after more than one
year

8

-

5,210

NET ASSETS

750,964

719,558

CAPITAL AND RESERVES

Called up share capital

1,400

Share premium

600

Fair value reserve

10

37,850

25,679

Retained earnings

711,114

691,879

SHAREHOLDERS' FUNDS

750,964

719,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th April 2026 and were signed on its behalf by:

Mr P R Byrnes - Director

1.	STATUTORY INFORMATION

Packnet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Listed investments in shares are included at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st November 2024

6,976

161,397

168,373

Additions

-

407

At 31st October 2025

6,976

161,804

168,780

DEPRECIATION

At 1st November 2024

6,464

139,822

146,286

Charge for year

128

5,470

5,598

At 31st October 2025

6,592

145,292

151,884

NET BOOK VALUE

At 31st October 2025

384

16,512

16,896

At 31st October 2024

512

21,575

22,087

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st November 2024

163,172

Additions

10,010

Disposals

(10,000

)

Revaluations

12,046

At 31st October 2025

175,228

NET BOOK VALUE

At 31st October 2025

175,228

At 31st October 2024

163,172

Cost or valuation at 31st October 2025 is represented by:

Other

investments

£

Valuation in 2025

12,046

Valuation in 2024

28,983

Valuation in 2023

(3,051

)

Valuation in 2022

(3,605

)

Valuation in 2021

9,215

Valuation in 2020

(4,472

)

Valuation in 2019

1,702

Valuation in 2018

(3,627

)

Valuation in 2017

659

Cost

137,378

175,228

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

921

5,933

Other debtors

141,049

104,809

141,970

110,742

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

6,555

12,695

Trade creditors

25,230

27,665

Taxation and social security

24,381

25,239

Other creditors

27,310

19,674

83,476

85,273

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

-

5,210

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

Within one year

12,601

13,746

Between one and five years

-

12,601

26,347

10.

RESERVES

Fair

value

reserve

£

At 1st November 2024

25,679

Transfer to fair value reserve

12,171

At 31st October 2025

37,850

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2025 and 31st October 2024:

31.10.25

31.10.24

£

Mr P R Byrnes

Balance outstanding at start of year

4,945

8,410

Amounts advanced

8,811

4,945

Amounts repaid

(4,945

)

(8,410

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

8,811

4,945

Mrs N Byrnes

Balance outstanding at start of year

4,945

8,410

Amounts advanced

8,811

4,945

Amounts repaid

(4,945

)

(8,410

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

8,811

4,945

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P R Byrnes.