EPAK ELECTRONICS LTD - Filleted accounts

Registered number

01229882

EPAK ELECTRONICS LTD

Filleted Accounts

31 December 2025

EPAK ELECTRONICS LTD
Registered number:		01229882
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		106,755			111,820
Investments	4		8,000			8,000
			114,755			119,820

Current assets
Stocks		104,117			95,994
Debtors	5	106,887			37,290
Cash at bank and in hand		156,305			190,978
		367,309			324,262

Creditors: amounts falling due within one year	6	(143,691)			(146,523)

Net current assets			223,618			177,739

Total assets less current liabilities			338,373			297,559


Provisions for liabilities			(211)			-


Net assets			338,162			297,559

Capital and reserves
Called up share capital			20,000			20,000
Profit and loss account			318,162			277,559

Shareholders' funds			338,162			297,559

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. N.J. Blamey
Director
Approved by the board on 10 June 2026

EPAK ELECTRONICS LTD
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Consolidation
	The financial statements show the figures for the parent company only. No consolidated accounts have been prepared as the subsidiary during the year or preceding year.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold property			2% straight line
	Equipment			20% straight line
	Motor vehicles			25% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.





	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		4












3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	299,200		99,951		26,354		425,505
	Additions	-		1,270		-		1,270
	At 31 December 2025	299,200		101,221		26,354		426,775

	Depreciation
	At 1 January 2025	187,515		99,816		26,354		313,685
	Charge for the year	5,984		351		-		6,335
	At 31 December 2025	193,499		100,167		26,354		320,020

	Net book value
	At 31 December 2025	105,701		1,054		-		106,755
	At 31 December 2024	111,685		135		-		111,820


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					299,200		299,200
	Cumulative depreciation based on historical cost					193,499		187,515
						105,701		111,685
	Part of the Freehold Property is rented out,it is included at its cost valuation.














4	Fixed Asset Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2025							8,000

	At 31 December 2025							8,000

	Historical cost
	At 1 January 2025							8,000
	At 31 December 2025							8,000


	The investment represents 100% of the issued share capital of Esec(UK) Limited,a company
	incorporated in England which did not trade in the current or preceding year.
	At 31st December 2024 and 31st December 2025 the company had net assets of £56,333.


5	Debtors					2025		2024
£							£

	Trade debtors					98,879		31,942
	Other debtors					8,008		5,348
						106,887		37,290


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					43,426		37,922
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					56,333		56,333
	Taxation and social security costs					21,750		10,542
	Other creditors					22,182		41,726
						143,691		146,523

7	Controlling party

	The controlling party is Mr. N. Blamey,the Managing Director who owns 77.34% of the company's issued share capital.

8	Other information

	EPAK ELECTRONICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Epak Electronics Ltd
	Millfield Estate
	Chard
	Somerset
	TA20 2BB